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 [...]
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 [...]
Leasing vs. Owning Your POS Terminal
POS Terminal simply stands for Point of Sale Terminal, it’s a fancy way saying credit card machine or debit card machine. The questions we will be addressing in this article is: “Is It Better To Lease or Is It Better To Buy Your POS Terminal?” When the banks deregulated the Merchant Services for business all [...]
Is My POS Terminal Chip Ready? (Questions You May Want To Ask)
Point of Sale machines have been used in business for almost more than 20 years at the point in time. Up to now, the actual physical terminal has undergone very few physical changes. With the exception of different functions, software, applications, the actual physical terminals themselves have had no massive difference or change in the [...]
5 Things to Check for “Comm Error” Response on Your Tech Trex Terminal
It’s a Saturday afternoon, your store is filled with anxious customers and suddenly your terminal is not working. You’re doing everything the same as usual but when you attempt a transaction you are greeted with a response of Comm Error. Do not panic, many simple POS terminal communication issues can be resolved quickly by following [...]
The Critical Payment Processing Guide for Canadian Merchants
The Critical Payment Processing Guide for Canadian Merchants Discover how this Guide has helped 100’s & 100’s of Canadian business owners cut their payment processing fees by 10-30% and sometimes much, much more. If you are brand new to merchant account services, then this is the perfect guide for you… it’s takes most people about [...]
Canadian Credit Card Processing Wars
Tim Wilson at the NationalPost wrote yesterday an interesting piece on Canada’s Credit Card Wars over regulating interchange and allowing Visa to introduce debit cards in Canada. Tim states, “While we respect businesses’ desire to manage their expenses, government intervention is not the right solution in a functioning industry.” I know many Merchants who would [...]
Is Your Business Going to Ottawa This Week?
The “Stop Sticking It To Us” Coalition, representing over 200,000 Canadian businesses, small, mid and large, says it is gathering in Ottawa this week to combat overcharging by VISA and MasterCard. The reason why is because the U.S.-based credit card companies have been pushing worldwide to take over the debit card business and increase service [...]
Visa, Mastercard Offering Debit in Canada…?
I found a link on Interac News that lead me to article recently published by Dana Flavelle and Rita Trichur about how Visa and Mastercard are poised to enter Canada’s debit market. Canadians have a had a sweet deal with Interac pricing on debit transactions. If Visa and Mastercard are able to break into the [...]
