Payments News » Canada

One Millions Taps—Tap To Pay Hits A Milestone

July 30 2018

“It’s been two months since we launched Tap to Pay and we are happy to share our customers have embraced this new payment option in a big way. To date, there have been 160,000 unique users who have tapped their contactless credit cards and mobile wallets—a combined—more than one million times! If you are a tourist in Metro Vancouver […]

Global

How Canada’s Banking Protections Stifle Innovation At Home, But Give Big Six Free Rein To Expand Abroad

July 24 2018

“Canada has a reputation for having a relatively steady banking sector and the high degree of regulation is intended to keep the financial system safe. Yet the same rules keeping everything on an even keel could also have the unintended consequences of limiting competition and consumers’ choices. Current rules include restrictions around ownership and anti-money […]

Global

Chinese e-wallets a ‘no-brainer’ for B.C.

May 4 2018

“However, unlike the mobile wallet more familiar to Vancouverites, Apple Pay, the Chinese alternatives do not limit transactions to $100 as Apple Inc. (Nasdaq:AAPL) does in Canada. A customer could make a $5,000 purchase, in theory, if his or her credit card allows it.”

Global

Bank of Canada calls for global alignment on cryptocurrency policy

March 30 2018

“The Bank of Canada’s senior deputy governor is calling for authorities to work toward a coherent set of globally aligned policies governing cryptocurrencies. Carolyn Wilkins told a University of Toronto conference on Thursday that such a strategy will need to cover risks in both cash and derivatives products, as well as the related ecosystems. Wilkins referred to cryptocurrencies […]

Global

Announcing A New Feature: Set It & Forget It

September 27 2018

“With Set it & Forget it you have the ease of knowing that all your bills are being paid on time. You won’t have to worry about remembering the passwords for every service provider, or worse trying to remember where you placed that paper bill! We have the largest number of service providers on our […]

Global

Canada sets up Committee on Open Banking

September 28 2018

“The Canadian Government has established an Advisory Committee on Open Banking to explore the potential and pitfalls of a regime which would give consumers the ability to share their financial data with third parties. Announced as part of the federal budget in 2018, the four-person Committee will be tasked with dissecting the results of a […]

Companies

Amazon files trademark application for Amazon Pay in Canada

December 4 2018

“E-commerce giant Amazon has filed a trademark application for its Amazon Pay online payments processing service in Canada. The application was submitted on November 16, 2018 and formalized on November 21st, 2018. The filing suggests that Amazon plans to bring the platform to Canada in the near future.”

Global

Bank of Canada studying issues around a central bank digital currency

October 2 2018

“The Bank of Canada is looking at the key questions around the design of a digital currency and the issues surrounding such an idea, a senior Bank of Canada official said Monday. However, deputy governor Timothy Lane told a University of Calgary audience that unless the risks associated with a central bank digital currency can be […]

Global

Canadian demands for speed and convenience influencing payments innovation

December 10 2018

in
Canada

“The 2017 data show that Canadian consumers are opting for faster and more convenient methods of payment, such as tapping a card or phone at point-of-sale, sending funds electronically through INTERAC e-Transfers, making more purchases online and in-app and leaving traditional forms of payment, like cash and cheque, by the wayside. Businesses too are adopting digital […]

Companies

Adyen Expands Its Unified Commerce Offering To Canada

October 30 2018

in
Canada

“Adyen (AMS: ADYEN), the payments platform of choice for many of the world’s leading companies, today announced its platform expansion into Canada. The company also announced four new customers that have selected Adyen as their payments processor in Canada, including: Dollar Shave Club, Adidas, Busbud and Canada Goose.”