Payments News

On The Web

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Global

Announcing A New Feature: Set It & Forget It

“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 […]
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Domains

One Millions Taps—Tap To Pay Hits A Milestone

“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 […]
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Global

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

“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 […]
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Global

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

“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.”
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Global

Canada sets up Committee on Open Banking

“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 […]
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Deals

Zafin Raises $17.2M in Series B Funding

“Established in 2002 by Al Karim Somji, CEO, Zafin designs customer centric financial services software used by many of the world’s largest financial institutions to power pricing, product and customer strategies. Its solutions enable banks to increase revenue generation, drive customer transparency and aid in regulatory compliance, ultimately enhancing their agility and their ability to […]

On The Wires

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Global

Canadian demands for speed and convenience influencing payments innovation

“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 […]
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Companies

Adyen Expands Its Unified Commerce Offering To 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.”