Canada Emergency Response Benefit expanded
Prime Minister announces expanded access for essential workers OTTAWA, ON–The Government of Canada is taking significant and decisive action to support Canadians and businesses facing hardship as a result of the COVID-19 global pandemic. No Canadian should have to choose between protecting their health, putting food on the table, paying …
TSG Announces Acquisition of PerfectMind
PerfectMind is the leader in the Parks and Recreation market in North America BURNABY, BC–TSG, an Advent portfolio company and leading global provider of business management software, integrated payments, and value-added services to the Health and Fitness, Childcare and Education, and Boutique markets, today announced that it has acquired PerfectMind …
Future-shaping trends Look for personalization, redemption options and “points as currency”
By Len Covello The loyalty industry in Canada has left brands and consumers wanting more. The issue is that many of today’s loyalty programs run on unsophisticated technologies with little segmentation capabilities and zero personalization features. When it comes to loyalty redemption, customers want ease, choice and value, and they …
Adopting emerging payments solutions
By David Grindal Our traditional world of stable payment acceptance mechanisms is long gone. Payments used to just mean either cash and cards for a merchant or automated clearing house (ACH) and wire transfers and larger-amount cheques for a business, government or institution. The only person-to-person (P2P) payments that were …
Five reasons to automate invoices
By Anthony Loiacono All businesses are not created equal and neither are their accounting needs. There is no one-size-fits-all way to structure an accounts department. However, there may be an easier way to handle certain accounting tasks, such as invoicing, which can be automated to reduce the amounts of staff-hours …
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 …