Mar-Apr 2019 Issue

Securing payments in a connected world

By Gord Jamieson The world is becoming hyperconnected with the rise in the number of smart devices. This is driven in part by the growing comfort and habit among consumers with making purchases on their phones, tablets, computers and Internet of Things (IoT) devices. In fact, industry analysts predict there …

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Mar-Apr 2019 Issue

A rewarding card strategy

By Allen Pettis Canadians love their credit cards. In TSYS’s most recent Canadian Consumer Payment Study, consumers ranked credit cards as their number one favourite payment method for the fourth year in a row. And for the first time since the study began, Canadians across age groups and income levels …

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Mar-Apr 2019 Issue

Evolving Canada’s iconic loyalty programme

By Susan O’Brien Loyalty programmes are an important part of the toolkit for many retailers. Yet few of them have the legacy and reputation of Canadian Tire Money®, Canada’s first loyalty programme. Canadian Tire Money or CTM is a Canadian icon. With more than 12 million members nationwide and over …

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Mar-Apr 2019 Issue

Why open banking

By Gary Schwartz Open banking is the creation of well-defined protocols and standards for sharing and exchanging real-time data in a secure and in a trusted manner between financial institutions, third parties and customers. The market is demanding modernization. Payments Canada is looking to the key requirements to compete globally. …

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Mar-Apr 2019 Issue

Survey: Canadians turning to alternative payment methods

Despite being one of the highest banked populations in the world, Canadians are increasingly turning to alternative payment tools, including mobile, PayPal and prepaid. A new study, “How Canadians Pay Today”, commissioned by the Canadian Prepaid Providers Organization (CPPO, www.cppo.ca), revealed that the use of these means, led by prepaid, …

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Mar-Apr 2019 Issue

Why daily pay for gig workers

By Chris Seip In Canada, and across the globe, we’re seeing the emergence of a gig economy that is fuelled by on-demand workers. According to EY, the U.S. contingent workforce has grown by 66 per cent in the past 10 years1. Ride-hailing services are one of the largest users of …

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Mar-Apr 2019 Issue

The digital payments opportunity

By Anurag Kar So much of our daily lives is online, digital and on-the-go, whether it’s how we communicate with each other, how we learn about current events or consume entertainment and increasingly how we conduct business and make purchases. Naturally enough, businesses from large retailers to financial services providers …

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Mar-Apr 2019 Issue

Developing a digital payments infrastructure

By Mikko Rieger Banks and credit unions are struggling with complexity and how to manage competing priorities. Mobile payments are growing by more than nine per cent a year, with more than 70 per cent of Canadians using their mobile devices for sending and receiving money1. Now too, consumers are …

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Mar-Apr 2019 Issue

How to drive mobile wallet adoption

By Ryan Ahern Payments are driven heavily by consumer behaviour and preferences, making it only natural that mobile wallets would catch on as smartphones have essentially become extensions of consumers. However, despite the move to contactless payments, mobile wallets have not been as readily adopted by merchants and consumers. But …

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Mar-Apr 2019 Issue

2019: Another landmark year for mobile payments

By Daniel Kornitzer Increased mobile penetration and a growing level of consumer comfort with making payments through a smartphone or tablet continues to impact consumer spending habits across the globe, including Canada. To measure the impact of this trend, Paysafe surveyed consumers from Canada, the U.S., U.K., Germany and Austria …

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