The COVID-19 pandemic has accelerated many industries especially ecommerce and mobile payments. For example, the US ecommerce market grew 44% in 2020 – nearly triple
For the first time in modern society, the use of cashless payments has surpassed the use of cash by consumers, businesses and financial institutions. The
MasterCard: PayPass MasterCard began testing for its new feature, MasterCard PayPass in 2003 and now it is a commonly used feature for consumers who prefer
Source: firstdata.com Author: Greg Constantine Type: White Papers Accounting for 28 percent of the population and growing up fast, Generation Y is on track for
The payments landscape is changing to keep up with emerging technology. The race for creating the top “digital wallets” is being joined by many international
Merchants should already be aware of the migration to Chip and PIN technology in the Canadian payment system, that is moving away from the less
The work-from-home trend has created a unique opportunity for virtual cards to become common practice in businesses today. Virtual cards not only offer a range
Consumer groups and banks are pushing the Consumer Financial Protection Bureau (CFPB) for better oversight on Buy Now Pay Later (BNPL) services as the terms
Over two weeks ago, the European Union decided to ban seven Russian financial institutions from the Society for Worldwide Interbank Financial Telecommunications (SWIFT) messaging system.
Gold 2.0 some call it – 2021 was a wild year for the cryptocurrency as it transformed into an asset on par with gold with
According to research conducted by Payments Canada, both consumers and businesses have become increasingly more aware of payment fraud since the beginning of the pandemic.
October 18, 2021, British Columbia first announced its proposal to update the province’s privacy legislation, Bill 22 – British Columbia’s Freedom of Information and Protection
British Columbians are working to build healthy communities by supporting the Shop Local initiative across the province. Partnered with the federal government, the BC Chamber
Every customer wants a seamless shopping experience, and flexible payment options can help a business provider just that. Now, among Canadian shoppers, credit and debit cards
Until recently, where you lived was where you worked. Over the past few years we’ve experienced a dramatic shift. Now it’s possible for employees to