Global payments will soon launch its OptBlue program. This will be used to adjust AMEX card pricing for Canadian merchants. This new pricing has been in use for small merchants in the United States since 2014, and so far it has worked well for the merchants, customers, and AMEX. While this is bound to be great for merchants, customers, and...
There is much to look at in Canadian business the beginning of this month. The beginning of this year has seen many changes on the Canadian business scene. These changes range from oil prices to environmental organizations to job reports. Those who have invested their earnings in the stock market anxiously awaited the reveal and outcome of the latest earnings...
On March 19, Moneris Solutions Corporation (Moneris) announced a historic deal with the Canadian government. Moneris, one of the leading processors of credit and debit payments won a competitive bid to be the payment acquirer for the Government of Canada. The company will provide card processing services to over 38 federal departments and agencies that accept payment cards across the...
Visa is hitting the road with an EMV tour, thanks to low Canadian small business processing rates. While many are turning to paper money, Visa sees this drop as alarming. Canadian merchants should be on the lookout, as these events are sure to full of helpful information. However, there is one thing that you need to know, whether you attend...
Fraudulent card activity is up in the states. However, in Canada they are sinking, thanks to EMV’s rise. Thanks to the security-smart EMV cards, fraudulent activity is actually 40% lower than it was in 2013. The data also shows that 80% of all fraudulent card activity takes place outside of Canada, mostly in places where EMV technology is not currently...
Mobile payment technology has accelerated in the Western hemisphere. The U.S. is making major headway with consumers, especially millennials, with the release of Apple Pay and other mobile payment processing systems. However, Canada is not adopting mobile technology as rapidly as the United States. GfK Canada, a Canadian research firm, says they believe adoption of mobile technologies will speed up...
According to Credit Union Magazine, the credit card industry in the United States and Canada is at a cross roads. With profits falling and charge offs soaring, the industry that once raked in billions must now deal with a society that feeds on credit, but does not have the same ability to pay off debt as before. Not only does...
Canadians rejoice! eMerchantBroker (EMB) has now come to assist your Canadian high risk merchant account. After years of unmatched service and exceptional quality in the United States, eMerchantBroker now offers high risk payment processing for businesses and entrepreneurs living in Canada. Canadian merchants whose businesses have been labelled “high risk” face tremendous obstacles when searching for traditional payment processors and...
The European ATM Security Team (EAST) reports that it has discovered a new mini-ATM skimmer. While traditional skimmers are made to sit on top of ATM card slots and record card numbers, this new skimmer fits inside the card reader throat. Although only one of EAST ‘s member countries has spotted the mini-skimmer, it is an insidious reminder that criminal...
