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. …
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 …
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 …
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 …