AppointmentsPayment Processing

Interac adds new product, client leaders to executive team

Leaders with extensive global and Canadian experience in the technology, finance and payments industries join to support ongoing transformation at Interac ORONTO, ON–Interac  appointed Glenn Wolff as Chief Client Officer and Ted Bowman as Chief Product Officer. These experienced leaders will join the Interac executive team to support the continued …

Payment Processing

Flexa Introduces Flexa Payments for Accepting Instant Digital Currency Payments from Any App

Announcing sophisticated new tools for merchants to easily accept 99+ digital currencies across twelve different blockchain networks in real-time, with zero fraud NEW YORK, NY–Flexa, the world’s leading pure-digital payments network, today introduced Flexa Payments, a new set of tools for merchants to simply and instantly accept 99 different digital …

BNPLPayment Processing

Uplift Launches Enhancements, Solidifies Canadian Travel Market Leadership

Uplift doubles number of partners within travel market TORONTO, ON–Uplift, a Buy Now, Pay Later (BNPL) solution serving the world’s top travel brands, sees record growth in Canada by doubling the number of partners with some of the top brands in travel and launches many new products and services. Throughout …

FinTechPayment ProcessingRegulatory Issues

Payments Canada welcomes inclusion of the Retail Payments Oversight Framework

OTTAWA, ON–Payments Canada applauds the inclusion of the Retail Payments Oversight Framework (RPOF), and its oversight by the Bank of Canada, as part of the 2021 federal budget, A Recovery Plan for Jobs, Growth and Resilience. “The implementation of the Retail Payments Oversight Framework is a welcome addition to Canada’s …

Consumer BankingCybersecurityPayment Processing

Consumer demand for improved digital purchase transparency is on the rise

TORONTO, ON–The way that consumers shop, pay and bank is changing dramatically. Accelerated by the COVID-19 pandemic, consumers are adopting new digital habits at a faster pace than ever before. In the first two months of the pandemic alone, global ecommerce spending surged by USD $53 Billion and consumers came …

Consumer BankingIntegrated PaymentsPayment Processing

Will payment methods be a way Canadians use to track their spending more accurately?

By Lorenzo Pellegrino As Paysafe discovered when we surveyed consumers in April, COVID-19 and the social distancing measures Canada and other countries have put into place to combat the virus have impacted when, where, and, arguably most importantly, how they are spending money. The shift to eCommerce is one clear …

Business BankingPayment Processing

Scotiabank 1st to Offer Real-Time Payments in Canada through Interac e-Transfer for Business

Business service allows the ability to send & receive real-time payments using a recipient’s account number or email address TORONTO, ON–Scotiabank is the 1st financial institution in Canada to offer real-time payments for all business banking customers using flexible routing options like an account number or email address, using Interac …

Corporate AcquisitionsIndustry NewsPayment Processing

Nuvei to Acquire Base Commerce

MONTREAL, QC–Nuvei has entered into a purchase agreement to acquire substantially all of the assets of Base Commerce, a leading provider of integrated payment solutions. The transaction is expected to close on or about December 31, 2020, subject to customary closing conditions. Founded in 2008, Base is a technology-driven payment …

Fraud & IdentityIndustry NewsPayment ProcessingPayments

Forter, FreedomPay Partner to Fight Fraud, False Declines

NEW YORK, NY—Forter has partnered with FreedomPay to establish what may be the first joint network for online merchants and banks to instantaneously block fraud and enable legitimate consumers to operate freely. The partnership aims to address a major issue where multiple players (online merchants, credit card issuers, and banks) …

Payment ProcessingPaymentsPOS

COVID-19 accelerating the move to digital payments across Canada

Interac shopping data shows spike in consumers and businesses choosing digital payments as economy begins to reopen TORONTO, ON–According to new data released by Interac Corp., payment transaction records show that today, more than ever, Canadian consumers and businesses are adopting digital methods to spend, send and receive money. A …