Payment Processing

Desjardins increases contactless payment limit on Desjardins terminals for firm’s cardholders

COVID-19 response MONTREAL QC–In response to the government’s recommendations, Desjardins Group has adopted a number of preventive measures to help limit the spread of coronavirus. Starting Friday, March 20, Desjardins will increase its contactless payment limit on Desjardins POS terminals from $100 to $250. Desjardins credit cardholders can take advantage …


Moneris Checkout delivers greater payment security, flexibility, control for online businesses

Moneris Checkout combines hosted payments with advanced fraud prevention features in a convenient, compact solution Toronto, ON –Moneris Solutions Corporation introduced Moneris Checkout, a comprehensive online payment acceptance solution designed to meet the needs of Canadian businesses regardless of size. Secure and flexible, Moneris Checkout offers businesses an easy way …


Major event postponements, cancellations adding up

Updates on the  2020 Payments Canada Summit; the 2020 CPPO Symposium; the ATMIA Canada 2020 Conference; NAPCP 2020 Conference OTTAWA, ON–(March 12)–Today, in consideration of directives from the Public Health Agency of Canada, and after consultation with multiple stakeholders and members, we have made the decision to cancel this year’s …

Award WinnersLeadership

Sylvie Demers named Financial Personality of the Year in the Top 25 ranking of Quebec’s financial sector

MONTREAL, QC–Surrounded by personalities from the financial industry, Sylvie Demers, Chair, Quebec Market, TD Bank Group, took home top honours last night at a gala event celebrating the Top 25 ranking of Quebec’s financial sector by Finance et Investissement magazine, where she was named Financial Personality of the Year. In …

InsuranceMergers & Acquisitions

La Capitale, SSQ Insurance announce intention to combine operations

QUEBEC CITY, QC–La Capitale Insurance and Financial Services and SSQ Insurance are announcing today their decision to combine operations. The new entity will become an influential player and the biggest mutual insurance company in Canada. From day 1 it will have 4,700 employees and more than 3.5 million members and …

Equipment Finance

JDR Solutions adopts ‘software agnostic’ service model

INDIANAPOLIS, IN–Equipment lessors have many software choices for handling lease originations and portfolio management. Now, no matter which software package they select, JDR Solutions can provide back office service. “We’ve become what is commonly known in the industry as ‘software agnostic,’” said Doug Williams, JDR’s president and chief information officer. …

Investment SolutionsRegulatory Issues

Canadian securities regulators move forward with embedded commissions bans

VANCOUVER, BC–Canadian securities regulators announced today that they will ban two types of commissions that are embedded in some mutual fund purchases. Canadian Securities Administrators (CSA) Staff Notice 81-332, Next Steps on Proposals to Prohibit Certain Investment Fund Embedded Commissions explains that the participating provinces and territories expect to publish …


BMO Appoints Sri Dronamraju as Chief Information Security Officer

TORONTO, ON–BMO Financial Group today named Sri Dronamraju as Chief Information Security Officer (CISO). The appointment is effective January 6, 2020. Dronamraju will oversee the bank’s global strategy for cyber security. Reporting to both Larry Zelvin, Head Financial Crimes, and Ken Librot, U.S. Chief Technology and Operations Officer, Mr. Dronamraju …

Consumer BankingFinancial AdvisoryIndustry Trends

BMO Annual TFSA Study: Canadian Investors Show Changes in Financial Behavior and Build Momentum With Contributions in 2019

> More than half of Canadians (58 per cent) said they contributed what they had expected to their TFSA this year, while 11 per cent said it was more and 23 per cent said it was less than their anticipated plan > Average annual contribution is up 10 per cent …

Business BankingIndustry TrendsMarket Research

Women entrepreneurs who apply for business loans are more likely than men to be approved, Scotiabank survey finds

On its first year anniversary, The Scotiabank Women Initiative™ releases new survey findings, expands program to Global Banking and Markets (GBM) TORONTO, ON–Women entrepreneurs who apply for business loans may fare better than they expect, according to survey results released today by Scotiabank on the first anniversary of The Scotiabank …