Payments

By Jude Pinto Since announcing renewed momentum with a stronger path forward earlier this year, Payments Canada and our delivery partners, CGI, IBM and Interac, have made significant progress on the Real-Time Rail (RTR). In late summer, we successfully commenced the build of the real-time clearing and settlement component of …

Adyen’s embedded financial product suite now supports BILL’s card products and services for its AP and AR solutions AMSTERDAM, HD–Adyen, the global financial technology platform of choice for leading businesses is partnering with BILL, a leading financial operations platform for small and midsize businesses (SMBs), to deliver advanced acquiring and …

By Hamed Arbabi, CEO, VoPay When speaking about the future of a cashless society, we have to acknowledge the role the COVID-19 pandemic played as a catalyst for digitization acceleration. All over the world, we have altered the way we work, travel, shop, and how businesses pay for goods and …

by Kristina Logue, Chief Financial Officer, Payments Canada New technology and innovations in the payment space are transforming the way Canadian consumers and businesses make and process payments. According to data from Payments Canada’s annual Canadian Payment Methods and Trends Report, Canadian businesses are writing fewer and fewer cheques while …

TORONTO, ON–Float, one of Canada’s fastest growing fintechs, announced the release of Float Cards 2.0, its next generation of corporate cards, providing Canadian businesses with more flexibility and control over managing team spending, all while reducing administrative headaches and the risk of fraud. Float’s newest corporate cards, available in both …

Battery Ventures agrees to become primary investor in Ascendant to accelerate growth and drive product innovation TORONTO, ON–Ascendant, an international provider of cross-border business payment solutions and a financial technology company, today announced that Battery Ventures, a global, technology-focused investment firm, has agreed to make a significant investment in the …

By Jon Purther As we continue to move into an increasingly digital world, we are seeing major shifts in payment trends. These shifts are driven by consumers’ changing expectations, behaviours and needs – and are facilitated by payment innovation and evolving technologies. One of the most prominent trends in Canada …

By Thomas Anderson Digitalization has been central to banking since the introduction of ATMs in the late 1960s. It has led to a rapid change in the way customers want to interact with money or matters related to it. With accelerating digital transformation changing operational risks, there has been a …

By Nancy Sansom For too long, the B2B invoice to cash cycle has been a transactional and poor customer experience. An invoice is entered in a system and a payment is made on the other side, if you’re lucky. Throw in disputes, lost invoices, daily distractions, and more, and there …

Expansion continues, benefits online merchants, marketplaces and increase conversions, lower foreign payment processing costs and gain international customers CALGARY, AB–Reach, the leading global ecommerce payments enabler, has secured a $30 million Canadian investment, as it bids to accelerate its mission of unlocking a global customer base for merchants through a streamlined payments, tax …