Merchant Accounts

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Merchant Accounts

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• Rogers and CIBC launch 'Mobile Wallet' -- By year’s end, many Canadians will be able to point their cell phones at a card reader in order to pay by credit card. No more swiping. No more signing. ... (See Mobile wallet)
• New contender enters mobile payments ring -- Mobile payments are growing in popularity. A Canadian company hopes to win over merchants with Kudos Slice, which turns any phone into a card reader ... (See Mobile pay)
• Merchants and issuers clash on fees -- A government watchdog group demands that anti-competitive merchant rules are struck down. Card companies fight back. ... (See Credit card rules)
• Credit card myth: Showing ID at the register -- Do you know your rights when it comes to showing your ID during a debit/credit card purchase? You may be surprised! ... (See Show ID?)
• Debit card processor denied for-profit status -- After applying for for-profit status, Canada's largest debit card processor Interac was turned down by the Competition Bureau. ... (See Interac)
• Canada's economic outlook stabilizing -- Two surveys conducted early this year confirm that confidence for an economic recovery has increased as borrowing conditions become easier. ... (See 2010)
• Consumer confidence, credit card usage up -- Canadian consumers appear to be confident enough to venture back into the shops to use their credit cards again this spring. ... (See Confidence)
• Merchant cost of accepting plastic jumps -- Large increases in credit card handling fees means merchants must pass them on to consumers to survive. Even that may not be enough to help businesses in Canada. ... (See Fees)
• Chip credit cards reducing fraud, charge backs -- New findings show that the new chip card migration in Canada increases security and fraud detection, thus preventing charge backs. ... (See PIN)
• New credit, debit code of conduct outlined -- In a much-anticipated move, Finance Minister Jim Flaherty announced a new code of conduct for credit and debit card issuers on Thursday. ... (See Conduct)
• New credit card code of conduct developing -- Finance Minister Jim Flaherty will reveal a new credit card code of conduct governing Visa's and MasterCard's entry into debit card territory. ... (See Conduct)
• Small businesses bemoan Visa opt-out policy -- Thousands of small business owners balked after receiving notification that they will be automatically enrolled in Visa’s new debit program unless they opt out of the service. ... (See Fees)
• PIN debit card interchange fees challenged -- Visa, MasterCard may introduce PIN debit cards in Canada, spurring fears that interchange fees may rise. ... (See Fees)
• Canadian bankruptcy filings keep rising -- In this kind of financial climate, no one is too surprised that the number of Canadians declaring bankruptcy is rising. But the rate of increase is astounding. ... (See Rise)