Canadian credit unions take steps to expand international payments
By Brian Raine The payments environment in Canada and internationally is in flux. But credit unions are not just keeping pace with that change, they are now leading it. Bringing the benefits of low transaction fees, digital interfaces and convenience to all credit union members. Central 1 continues to focus …
How Gen Z guides payments
By Daniel Kornitzer ECommerce and mobile commerce (mCommerce) continue to grow in Canada. eMarketer forecasts that 31.5 per cent of the $64.6 billion in eCommerce sales in 2019 will be carried out using a smartphone or tablet. The connected growth of eCommerce and mCommerce is being driven in part by …
Libra: the AOL of crypto?
By Daniil Saiko The earliest iteration of email was a fringe application, only used by tech-savvy engineers and hobbyists. That changed with the introduction of AOL, which took the Internet and email from fringe to mainstream. Despite the mass amount of media coverage, cryptocurrencies are in the same position as …
Gaming: from play to pay
By Paul Parisi Today’s gaming industry has evolved dramatically over the past few years. According to the 2019 Newzoo Global Games Market Report, the global gaming economy is a major industry with over $150 billion in gaming revenue and an 11 per cent annual revenue growth. With that growth comes …
Combatting fraud with centralized data
By Stacy Gorkoff The Greek philosopher Aristotle once said, “The whole is greater than the sum of its parts.” When it comes to guaranteeing that every payment transaction completes as expected, this statement could not be more accurate. For retail banks, independent ATM deployers (IADs) and payment processors, transactions are …
Bright forecast for payments modernization
By Tracey Black Payments modernization around the world continues to progress, addressing consumer and business needs for greater speed, flexibility and security. In its sixth annual Flavors of Fast report, FIS identified 54 countries with active real-time payment programs, up from 40 in 2018. Here in Canada we are making …
Building the Digital ID foundation
By Neil Butters The payments industry has already made significant progress helping Canadians adopt and embrace new technologies, such as contactless and digital payments. Now it’s time to apply what we’ve learned to the development of a truly digital ID that will help people unlock the full potential of the …
Bridging the cash and digital worlds
By Molly Shea The cash versus cashless debate has been well-argued for years now, with many people putting their eggs in one basket or the other: either making the case for a completely cashless society or arguing why physical currency is still valuable. While you probably carry less cash than …
The future of cross-border regulations
By Jay Fischbach Technology is helping move the world of payments away from the complex, slow operational model to a more centralized and digital process. As a consequence, regulators are seeking a means to continue to keep up with the pace of innovation, particularly in foreign exchange. Regulations across the …
Nadeem Velani Of CP Named Canada’s CFO Of The Year
Toronto, ON–Nadeem Velani, Executive Vice President & Chief Financial Officer of Canadian Pacific (CP) has been named Canada’s CFO Of The Year™ for 2020. Now in its 18th year, the award honours senior financial leaders who have made significant contributions to business in Canada with demonstrated quality, insight and integrity. …