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Online News Archive

This page will be updated bi-monthly. For current news, visit our home page

September-October 2013

FIS study finds consumers want immediate, real-time payments

October 31, 2013 --FIS has announced results of the third phase of a consumer banking behavior study finding that "consumers who transfer money person-to-person -- especially those sending money overseas -- want to make those transactions immediate; and, while young consumers are more likely to be among the early adopters of real-time payments, most importantly, they want the process to be convenient and easily accessible."

Quebec police uncover Montreal-based debit card fraud ring

October 30, 2013 --Quebec police have arrested 16 people and are carrying out more than 20 search warrants today as part of Project Lorgnette, an international debit card fraud scheme based in Montreal. The scheme bilked $12-million from more than 30,000 debit card users in Europe, Quebec provincial police said Tuesday morning.

Privacy concerns with FINTRAC remain following two separate audits

October 24, 2013 --A new audit by the Office of the Privacy Commissioner of  Canada reveals that, despite commitments made by FINTRAC in the wake of a 2009 audit, the agency continues to accept and retain personal information not relevant to its mandate.

Indigo launches mobile app for IOS with passbook support

October 24, 2013 --Indigo has announced the launch of the Indigo Mobile App for iPhone and iPod touch with Passbook support, available for free from the App Store. This app simplifies the Indigo shopping experience for quicker and easier purchasing, at home, in-store, or on the go.

Canadians' appetite for mobile banking on the rise

October 22, 2013 --Though online banking remains king when it comes to Canadians' preference for how they bank, an increasing number of Canadians are beginning to embrace mobile. According to a recent survey by ING DIRECT, 41 per cent of Canadians say they are open to doing more traditional banking functions, like paying bills, on their mobile devices, a number that has climbed from 38 per cent since 2012.

Retailers pleased with Throne Speech but remain concerned with high merchant credit card fees

October 17, 2013 --Retail Council of Canada (RCC) is pleased that yesterday's Speech from the Throne recognized that change needs to take place to ensure Canadian consumers are treated fairly. However, RCC is calling for a continued focus on the reduction of credit card fees and for more clarity on issues surrounding geographic price discrimination against Canadians. Merchants look forward to working with Government to level the playing field.

The power of a purchase: Canadians can now give while they spend, with Free The Children RBC Virtual Visa Debit Card

October 16, 2013 --Purchasing power is taking on a new meaning for Canadians, as they can now help support Free The Children's charitable initiatives around the world each time they make online purchases by debit - using the new Free The Children RBC Virtual Visa Debit Card.

Convenience is king when it comes to what's in Canadians' wallets, finds study

October 10, 2013 --Canadian credit card holders claim keen loyalty to credit card rewards programs and agree it's one of the most valuable features of their card, yet many are unsure how their card program works, or even how or why they applied for their card in the first place. According to a recent survey from American Express Canada, 89 per cent of Canadians carry at least one credit card in their wallet and just over half (52%) of credit card holders carry between two and three on a regular basis. Over half (59%) have used their primary credit card for over seven years—a significant amount of time considering the limited thought consumers put into the card selection itself. The reason? The majority of those surveyed (60%) admit to initially applying for a credit card through their bank while only 15 per cent say they researched their options.

American Express AIR MILES® for Business card launches just in time for Small Business Week

October 9, 2013--With the Canadian small business sector on the rise, American Express has spent the last five years investing in a team, products and services that are dedicated and tailored to meet the needs of small businesses. Today's launch of the new American Express AIR MILES for Business Card is another perfect example of this strategy, as it is uniquely positioned in the market with business benefits from both American Express and AIR MILES.

Five tips for delivering a better customer experience

October 8, 2013--If you have a customer call centre, Intradiem, the leading provider of intraday management solutions, is offering five tips to improve customer service. These tips are designed to help contact center agents deliver a better customer experience to positively impact the bottom line.

New card-based program targets savings on Merck's brand name medications

October 8, 2013 --Innovators of the Canadian patient choice assistance card program, RxHelp™, have a new card program to allow Canadian patients prescribed certain Merck prescription medications stay on their preferred brands. The new Merck MyChoice™ card covers up to the cost difference between fourteen leading Merck brand prescription medicines and the generic version, at the pharmacy counter.

Merchants, banks, technology partners to benefit from potential to reduce costs of fraud

October 7, 2013 --Global payments services provider, DataCash - a MasterCard company, announces that its industry leading fraud management solution, GateKeeper:2.0 incorporates MasterCard's Expert Monitoring System Fraud Scoring for Merchants and also MasterCard's Lost-Stolen Account List API.

Ceridian forms separate payments business

October 4, 2013 --Ceridian announces that it has completed the legal separation of its human capital management (HCM) and payments businesses. Ceridian completed the separation through a series of transactions that result in the payments business being operated as Comdata Inc. and the HCM business being operated as Ceridian HCM Holding Inc.

Enhancements will allow Aventura clients to earn more, fly faster, with added travel insurance

October 2, 2013 --CIBC launched of its enhanced Aventura Travel Rewards Program, which allows clients to redeem their Aventura Points for travel on any airline, access every seat on the plane, and pay for flight taxes and fees with their points.

eBay celebrates Canadian e-commerce with ninth annual Entrepreneur of the Year Awards

October 1, 2013--eBay Canada has named Farishta Zarify of London, Ontario as the 2013 winner of the Entrepreneur of the Year Awards, a distinction that honours successful and innovative e-commerce in Canada.  For the ninth year in a row, eBay  Canada recognizes Canadian entrepreneurs who have seized the opportunities of online commerce to develop strong, successful businesses.

Optimal Payments and Daon partner for biometrically verified payments

October 1, 2013--Optimal Payments, a leading global online payments provider, and Daon, a leading identity services provider, today announce that they have entered into an agreement to work together strategically on solutions that will leverage Daon's biometric authentication system with Optimal's NETBANX and NETELLER payment services. The combined capabilities are especially important for market sectors where a high degree of customer identity certainty is required, such as regulated gaming, governmental, and financial services.

eBay Inc. to acquire global payments innovator Braintree

September 26, 2013--eBay Inc. announced today that it has agreed to acquire Braintree, the innovative global payment platform powering the next generation of leading online and mobile-first startups, for total consideration of approximately $800 million in cash.

“Braintree is a perfect fit with PayPal,” said eBay Inc. President and CEO John Donahoe. “Bill Ready and his team add complementary talent and technology that we believe will help accelerate PayPal’s global leadership in mobile payments. Together, we expect that PayPal and Braintree also will accelerate our leadership in supporting developers who are creating innovative solutions for next generation commerce startups.”

New MasterCard study puts Canada among most advanced in the world for cashless payments

September 23, 2013--MasterCard has unveiled a new global report "The Cashless Journey" that identifies  Canada as one of the countries closest to being nearly cashless, along with  Belgium and France, putting it among the most advanced countries in the world for cashless payments. Much of this success can be attributed to early adoption of payment innovations like PayPass Tap & Go™ technology, EMV Chip migration, a modern payments infrastructure, and the rapid emergence in Canada of NFC payment ready terminals.

70 per cent of Canadian smartphone owners use financial apps – report

September 18, 2013--Out of 68 per cent of Canadians owning a mobile device, 70 per cent are using apps to manage their finances on the go, a recent study reveals. According to the ‘Mobile Banking Survey’ released by North American financial services organization BMO Financial Group, two-thirds (69 per cent) of Canadian consumers who admitted to using financial apps have added that they began using them around 2012.

Canada Post to launch Delivered Tonight service in GTA

September 17, 2013--Hundreds of customers in parts of the Greater Toronto Area are having the products they ordered from the Canadian online stores of Best Buy, Future Shop, Indigo or Walmart earlier in the day delivered that same evening.

The surprise deliveries are part of Canada Post's innovative pilot project in the payments and ecommerce sector, called Delivered Tonight™. The test combines the immediacy of purchasing a product in a store with the convenience of e-commerce home delivery. In partnership with Canada Post, these retailers are leveraging the pilot to better understand and adapt to the needs and expectations of Canada's rapidly evolving e-commerce market. The pilot will also help Canada Post better understand and plan for the considerable challenges of delivering a product through rush-hour traffic within hours of it being ordered online.

TD Bank Group, Aimia and CIBC confirm agreements

September 16, 2013--TD Bank Group (TD), Aimia Inc. (Aimia) and Canadian Imperial Bank of Commerce (CIBC) today confirmed that they have signed agreements under which TD will become the primary issuer of Aeroplan Visa credit cards on January 1, 2014, and will acquire approximately 50% of the existing Aeroplan credit card portfolio from CIBC.

MySTORE, Shopify team up to get canadian businesses online

September 11, 2013--MySTORE, the Independent Division of Retail Council of Canada (RCC), launched a new partnership with Shopify, the creators of a sophisticated user-friendly platform that allows all retailers, regardless of size, to easily build exciting on-line stores in an affordable and technologically friendly way. RCC's membership of more than 45,000 store fronts across Canada will now have access to Shopify's selection of beautiful on-line store designs that are completely customizable and come with all the bells and whistles.

WestJet RBC World Elite MasterCard rated number one travel rewards card in Canada

September 9, 2013 --The WestJet RBC World Elite MasterCard is Canada's best travel rewards card for 2013, according to an annual review and ranking of credit cards in the September issue of MoneySense magazine.

PayPal unveils Beacon device so you can ‘pay with your identity’

September 9, 2013 --PayPal announced a new device called Beacon today that enables people to pay for products in physical retail stores using their mobile phones.

Optimal Payments announces European partnership with Payline

September 4, 2013 --Optimal Payments Plc, a leading global online payments provider, has formed a strategic partnership to provide the NETELLER eWallet to Payline, the payment platform developed and operated in France by Monext.

MasterCard Canada calling all female developers to "Master the Code"

September 4, 2013 --MasterCard Canada is encouraging all female professional and student developers to participate in its MasterCard N>XT developer challenge. A recent Statistics Canada study found that while Canada is seeing an increase in the number of young women with university degrees in computer science programs, men still hold the majority of degrees within this field.

 

BRIEFS

Amazon launches online grocery store in Canada
October 31, 2013

CIBC expands mobile payment app to BlackBerry Z10 and Q10 Smartphones
October 31, 2013

ICC Solutions confirmed by Visa for Chip Vendor Enabled Service (CVES)
October 30, 2013

Pay in a Flash® at select Loblaw Companies Limited store locations
October 30, 2013

First Data acquires Perka, expands small business product offerings
October 30, 2013

TD launches tablet banking app for Android
October 24, 2013

Moneris Solutions and CenPOS announce new strategic partnership
October 24, 2013

BNY Mellon and CIBC Mellon to merge securities lending operations
October 22, 2013

China Internet Finance Conference in Shanghai will gather 200+ global decision makers
October 18, 2013

Canada Post launches new iPad app for epost
October 16, 2013

Strategic appointment strengthens TNS payments team
October 15, 2013

VeriFone launches new POS and Site Management solutions
October 15, 2013

Wi-Py.com: the free-of-charge Paypal alternative
October 8, 2013

MasterPass extends global acceptance footprint
October 7, 2013

Visa, MasterCard, AmEx propose global security standard for online, mobile shopping
October 7, 2013

Pivotal Payments inks deal with Silanis Technology
October 4, 2013

Moneris Solutions, TouchBistro partner to provide integrated payment solution to Canadian restaurant merchants
October 1, 2013

Basware, MasterCard partner to transform the way businesses pay and get paid
September 24, 2013

VeriFone names Paul Galant Chief Executive Officer
September 24, 2013

Google Wallet app released for iPhone, challenging Apple’s Passbook
September 23, 2013

National Bank Direct Brokerage launches mobile version of its new website
September 20, 2013

TD Bank adds mobile deposit feature to mobile app
September 19, 2013

ATMIA Canadian chapter forms Governmental Relations Committee
September 18, 2013

Citi launches mobile innovations
September 18, 2013

StubHub joins with Kijiji to bring new channel to the live event payments
September 17, 2013

Transaction Network Services acquires RoamEx
September 13, 2013

Launch of the new version of the Ugoburo.ca e-commerce site
September 11, 2013

Financial institution experiences growth with the addition of mobile RDC
September 9, 2013

Moneris Solutions names Angela Brown President & CEO
September 9, 2013

SecureKey adds FIDO specification support
September 9, 2013

Rogers receives authorization to launch loyalty credit card
September 9, 2013

Payza partners Neopay
September 9, 2013

Western Union and Better Business Bureau fight online rental scams
September 6, 2013

Hydro Ottawa rolls out brand new e-billing campaign
September 5, 2013

MDT releases TMR magnetic sensors for banknote validation
September 4, 2013

New EVO Snap* group focusing on software developers, merchants
September 4, 2013

Scotiabank expands Quebec ABM network into Couche-Tard stores
September 4, 2013

 
 

 

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