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 [...]
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 [...]
Chargebacks – How to Protect Your Business
Chargebacks… one of the most dreaded terms of the merchant processing industry. Properly defined, it’s the dispute initiated by either a cardholder or a financial institution against a transaction that was processed at your store. Either the customer was unsatisfied with the product or they didn’t receive the goods or the worst, a fraudster has [...]
Are you ready to pay in a Flash?
In a recent press release, Canada’s largest petroleum company, Suncor or better known as Petro Canada, announced that they plan to implement and rollout INTERAC Flash to all their point of sale terminals and Automated Fuel depensers (AFD’s) in the upcoming months. They are the first merchant to formally make this announcement with many more [...]
Buying versus Renting your Point of Sale Terminal
When faced with setting up a merchant account, amongst the many things to consider, one of the most important is the question on whether you should buy or lease your point of sale terminal. The reality is, you need a reliable piece of POS equipment to ensure that your business doesn’t suffer if it goes [...]
Canada is One Step Closer to Becoming a Cashless Country
There is an interesting article about Canadian Payment Processing that was published on Yahoo News the other day by Marc Weisblott. Marc says, “Debit card accounts were being compromised across Canada at an alarming rate in recent years: $142 million was reimbursed to victims in 2009, compared to $60 million just five years earlier. The [...]
Merchants Have 6 Months to Make Sure Their POS Terminal is EMV Certified
What Does EMV Mean? EMV, which stands for Europay, MasterCard and Visa, or more commonly known as Chip and Pin technology is coming to Canada. Already adopted in over 80 countries all over the world, this is proven technology that has had a high success rate in helping to mitigate fraudulent activity. EMV leverages a [...]
What Can a Merchant Do to Help Prevent Debit Machine Skimming?
What is Debit Machine Skimming? Put five Canadians in a room together and chances are, at least one of them has had to make a trip to the bank for a new debit card because their card may have been compromised. Debit Machine skimming incidents are on the rise in Canada, growing exponetially every year. [...]
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 [...]
