With only 2 shopping weeks left until Christmas, it’s usually around this time that the malls and shops around town start to get a little chaotic. Last minute shoppers are fighting tooth and nail for that perfect gift and time is of the essence. So here are a few tips merchants to ensure that their [...]
What You Need to Set Up a Merchant Account
It seems we’re still getting a lot of questions on our forum around what is required to set up a merchant account. So let’s take it back to the basics today and we’ll go through the requirements of setting up a standard card present merchant account. With this information, hopefully we can make the process [...]
Google Wallet – What Does This Mean to Canadian Businesses?
A few days ago, Google sent out a note to their customers using Google checkout to advise that they will no longer be supporting this service. In return, they were changing their customer accounts to a Google wallet account. So what exactly does this mean and how does it affect Canadian merchants? Google checkout was [...]
Visa Debit – A Reality That’s Coming to Canada
One of Canada’s largest department stores made a huge announcement today that may start the change in tides for the Canadian market place as it pertains to payments. Sears Canada did a joint press release with Visa Canada today announcing the acceptance of Visa Paywave at it retail store locations across Canada but perhaps what’s [...]
Mobile Payments
With the launch of Google wallet, there’s been a lot of buzz about mobile payments. Visions of paying for that hamburger at lunch by a wave of your mobile phone dances through the minds of Canadians fuelled by the constant media attention. But how close is mobile payments really? The reality is, unlike the months [...]
Contactless Payment Processing in Canada
Contactless Payments Payment processing has seen some major advances over the last few years. Long gone are the days of the old imprinter and the manual slips… the days where you would call your Acquirer to do a transaction trace and they would say, “Ok… we’ll call you back in three weeks with the information” [...]
Should Visa & Mastercard Allow Merchants to Surcharge on Credit Card Transactions?
On December 15, 2010, the Competition Bureau in Ottawa launched a lawsuit against credit card giants, Visa Canada Corp. And MasterCard International Inc. to argue the credit cards’ company’s policies on preventing merchants from surcharging and enforcing their “honour all cards” policies. The Bureau alleges that these policies are anti-competitive and hurt both consumers and [...]
iPhone Credit Card Processing Apps
What You Need to Know About iPhone Credit Card Processing We are addicted to our phones and smart phone technology like the “iphone” is getting better and better every minute. It only makes sense that merchants use a iPhone credit card processing application too, right…? Your mobile phone is your life. It stores your contacts, [...]
INTERAC Flash – What Does That Mean to Your Business?
What Does the Future of Payment Processing Look Like in Canada…? A long line of people patiently wait in front of a popular coffee shop, anxious to get their morning boost of energy. Each person goes up to order and pay for their coffee and instead of pulling out their wallets to take out their [...]
Code of Conduct for the Credit and Debit Industry – Part 2
Decoding the Code – Part 2 In this section, we’ll cover the rest of the policy elements of the Code. As mentioned below, the voluntary Code of Conduct was introduced by the Federal Government of Canada as a means to provide some legislation to the payment industry. As defined by the Government, the purpose of [...]
