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By Kellogg Fairbank ECommerce is expected to surpass USD4.6 trillion globally by 2022, according to The Payment Methods Report 2019, with the seamless experience of e-wallets boosting its popularity. The simplicity of services like PayPal and Stripe has helped to improve customer experience while giving merchants easy access to new …

As the world moves towards economic recovery, now is the time for Canadian financial services to consider their global market prospects By Roy Farah Canada is now grappling with a second wave of the COVID-19 pandemic. Stability will come, as it did after numerous major global economic downturns in years …

By Andrew Bateman Earlier this year, as the coronavirus spread rapidly around the world, corporations were faced with difficult decisions about the crisis. First and foremost, out of an abundance of caution and in order to ensure the safety of their workforce, organizations enforced work-from-home policies. This was a seemingly …

By Amanda Holden Canada is already one of the most cashless societies on the globe, but that hasn’t stopped our financial industry from finding more ways to modernize the way consumers and businesses pay for the goods and services they acquire. Enter the Real-Time Rail (RTR), expected to launch in …

By Justin Newell Money laundering and counter terrorist financing are pervasive crimes in Canada and worldwide. For its part, the Canadian parliament and regulatory agencies are continually looking for new ways to strengthen their financial crimes regulations. Reflecting this ongoing effort were the July 2019 amendments to the “Proceeds of …

By Victor Hinojosa As with most things in the modern world, digital has become the preferred format for most payments, whether it be personal or business, domestic or international. A Payments Canada survey showed that electronic payments accounted for CAD2.9 billion in payments made in 2018, and it is quickly …

By Rich Stuppy A chargeback happens when a consumer disputes a charge to their debit or credit card with their bank. In many cases, disputes are the result of fraudulent activity. As a result, banks reimburse consumers for the charged amounts: the “chargeback.” But those disputes are bad news for …

By Bob Stark With business buyers increasingly adopting the convenient payment methods they’ve come to know as consumers, it’s no surprise that cheque usage has been steadily declining for years. According to the Association for Financial Professionals, 36 percent of all business-to-business (B2B) payments received by businesses in 2019 were …

By Colin Smyth 2020 was one of the most difficult years the travel industry has ever seen. Due to the restrictions in place for much of the year, international travel has taken a significant hit, with airline passenger revenue estimated to decline by as much USD314 billion: approximately 55 percent …

Interview with Cyrielle Chiron, Payments Canada A Changing Landscape The end-of-year survey by Payments Canada demonstrates how much the COVID-19 pandemic continues to impact Canadians’ spending and purchasing habits. The survey results show the pandemic continues to accelerate several trends we’ve seen over the last few years — including the …