Rejuvenating payments
By Roger Sholanki The wellness industry is increasingly turning to new technologies to automate daily operations, increase customer satisfaction and drive business growth. One of the operational areas getting a technology makeover at spas, salons, gyms and other wellness businesses is payment processing. Flexible payment options, integration capabilities, mobile functionality …
Preventing ATM cash-outs
By Stacy Gorkoff The ability to detect ATM cash-out attacks as they are unfolding—not after the damage is done—continues to be a priority for IT operations and payments security teams. In today’s complex and ever-changing threat environment there remains no “silver bullet” that provides financial institutions blanket protection from fraud. …
How to outwit fraudsters
By Greg Brown Stealing a person’s hard-earned money is nothing new. However, in today’s world of almost instant payments, the methods used by fraudsters for payment fraud have evolved. While the digitization of payments has made making financial transactions more convenient for consumers and financial institutions (FIs), it has also …
Enabling faster (and secure) payments
By Arjun Kakkar Digital commerce is growing, but it still represents less than 15 per cent of the total global retail business value. One key reason is a far-from-seamless shopping experience. According to a study by the Baymard Institute, almost 70 per cent of U.S. shoppers end up abandoning their …
EMV snapshot
According to the latest data from EMVCo (www.emvco.com), which manages and evolves the EMV® specifications and related testing processes, 58.7 per cent of cards issued are ‘EMV’ as of Q4 2018 and that 73.6 per cent of all card-present transactions conducted globally used EMV chip technology. There are 8.23 billion …
Kount Introduces Industry’s First Complete Solution for Criminal, Friendly Fraud
BOISE, ID–Kount, the leader in AI-driven fraud prevention, today introduced the most comprehensive solution to protect digital businesses from criminal and friendly fraud. Kount’s Friendly Fraud Prevention Solution features Visa Merchant Purchase Inquiry (VMPI), a component of Visa’s Claim Resolutions process, which helps businesses save the sale, prevent chargebacks and …
Mogo launches newly designed mobile app and introduces Canadians to the 4 habits of financial health
VANCOUVER, BC–Mogo Inc., a financial technology company, today announced the launch of its newly redesigned mobile app that makes it easier than ever for Canadians to get in control of their financial health. Financial stress continues to be the number one stressor for Canadians and is even more pronounced among …
VersaFile now providing Hyland Accounts Payable Solutions to Western Canadian Market
VersaFile is now offering AP Solutions built on Hyland’s OnBase Platform that lower costs and streamline AP operations VANCOUVER, BC–BC-based enterprise content, process, and automation solutions provider, VersaFile, is now providing Accounts Payable Solutions built on the Hyland OnBase platform. Hyland Software partnered with VersaFile based on their expertise, core …
Zebu Closes $4-Million USD in Seed Funding to Work With Small and Mid-Sized Businesses on Security and Communication
Waterloo-based Zebu launched its secure business management platform in Canada this October and has already amassed around 5,000 users WATERLOO, ON–Zebu is excited to announce that after closing its most recent funding round, it has now secured a total $4-million USD to date. The Waterloo-based tech startup has launched a …
Finance Montréal aims to grow FinTech start-up sector with IBM collaboration
Partnership offers up to $120,000 in IBM public cloud credits to FinTechs in their first year of business MONTREAL, QC–Finance Montréal has a new partnership with IBM which will help FinTech start-ups in Montreal accelerate their growth and connect with like-minded enterprises. Through the partnership, qualifying FinTechs will have access …