Staples Canada launches new Staples Card with Flexiti
Toronto, ON–Staples Canada has launched a new financing solution in time for the holiday season, in collaboration with Flexiti Financial. With the new Staples Card, cardholders have access to flexible zero percent interest (OAC, terms and conditions apply) financing plans to help make their purchases for home, school and business …
Rapyd Launches Cross Border Payment Fraud Prevention Solution
MOUNTAIN VIEW, CA–Rapyd has launched Rapyd Protect, a fraud solution that has been designed to protect businesses and consumers against fraud across countries and payment methods. With the growing use of alternative payment methods (APMs) globally, Rapyd Protect provides a smart defence against global fraud while empowering merchants to confidently …
Canada’s Economic Recovery Stifled by High Payroll Compliance Costs: Report
TORONTO, ON–Canada’s current web of payroll requirements is costly and complex, and without changes, the Canadian economy will struggle to recover from the worst economic downturn in nearly a century. Payroll in Focus: The cost of employer compliance and public policy implications, a new report from PwC Canada indicates that …
Payments Canada Selects Mastercard’s Vocalink for RTR
OTTAWA, ON–Payments Canada has selected Mastercard’s Vocalink as the clearing and settlement solution provider for the country’s new real-time payments system, the Real-Time Rail (RTR). This announcement follows an extensive procurement process that included the Bank of Canada and the Department of Finance. The partnership will draw on Mastercard’s expertise, …
Interac Collaborates with Walmart to Expand Debit Payment Options
TORONTO, ON–Interac Corp. is now working with Walmart Canada to offer its customers enhanced methods of paying with debit online and in-store. With a target timing of spring 2021, Walmart shoppers will soon be able to checkout using Interac Debit for in-app and in-browser payments on proprietary wallets. Walmart has …
Juniper Research Forecasts Over 7X Increase in Smart Home Payments Transaction Value
HAMPSHIRE, UK–A new study from Juniper Research has found that the total transaction value of smart home payments, i.e. payments that occur via smart home devices, is expected to exceed USD164 billion in 2025: a dramatic over sevenfold increase from USD 22billion in 2020. Increasing use of voice assistants via …
Loans Issued via AI Underwriting to Reach USD315 Billion by 2025: Juniper Research
HAMPSHIRE, UK–A new study from Juniper Research has found that the value of unsecured loans issued via artificial intelligence (AI)-using underwriting platforms will grow by an astounding 1,200 percent over the next five years, from USD24 billion in 2020 to USD315 billion in 2025. This extraordinary growth will be driven, …
Icon Solutions Secures J.P. Morgan Investment
LONDON, UK–Icon Solutions, which specializes in payment solutions and consultancy services, has announced a strategic investment from J.P. Morgan. Icon Solutions will invest in its technology and geographic reach. The company has defined, architected, and built IPF, which is a cloud native, cost-effective, and collaborative payments platform that combines open …
Innovation To Spur Even Stronger Splitit Growth
MELBOURNE, AUSTRALIA and NEW YORK, NY—Payments solutions provider Splitit saw its revenue grow a record 318 percent between Q3 2019 and Q3 2020 to USD2.4 million. The company’s merchant sales volume (MSV) grew 214 percent year over year (YoY) over the same period to USD70.9 million. Consistent with previous quarters, …
Bluefin Announces $25 Million in Financing
ATLANTA, GA—Point of sale payment and data security technology provider Bluefin will be receiving USD 25 million in growth financing, in a round led by Macquarie Capital Principal Finance. Macquarie joins current investors Napier Park Global Capital and Camden Partners. The financing will fuel Bluefin’s product development, continued growth in …