Leveraging Canadian Payments Trends to Support Financial Inclusion
By Robert Hyde The COVID-19 pandemic deeply impacted the Canadian payments industry and accelerated the migration to digital and contactless payments. Canadians continue to seek more choice and flexibility in how they make payments without sacrificing security and convenience, but the pandemic has further underscored the need for more services …
Three Ways to Support Earned Wage Access in Canada
By Marco Margiotta Around the world, employers are experiencing first-hand the impacts of what’s being called the ‘Great Resignation,’ emerging from the COVID-19 pandemic. For our neighbours to the South, 4.5 million Americans quit their jobs in November 2021, which matches a series high from last September. This trend has …
Four Areas to Address to Meet Digital B2B Commerce Expectations
By Brandon Spear Looking back on 2021, the global B2B payments landscape experienced notable changes in sales channel strategies as e-commerce accelerated. As B2B customer journeys become more digitally influenced, a merchants’ payments offerings and capabilities need to evolve to better secure the sale. Recent research from Forrester Consulting revealed …
Versapay Bolsters Executive Team
TORONTO, ON–Versapay, a leading provider of cloud-based payments and accounts receivable (AR) automation solutions, bolstered their executive team with the addition of three new members. Ward Schultz joins as Chief Financial Officer (CFO), Nancy Sansom joins as Chief Marketing Officer (CMO), and Alex Hoffmann joins as Executive Vice President of …
Web Rep rebrands as TransSource
New name reflects the company’s evolution into an industry leading solutions provider in the high-risk merchant transaction processing space SAN JUAN, PR–Kevin Cunningham, president of The Web Rep LLC, an industry leader in payment processing solutions for the world’s premier high-risk merchants, announced the change of its corporate name to …
Payfare, Cardlytics Partner to Launch Cash Back Rewards Program
Gig workers can now earn instant cash back with their Payfare cards TORONTO, ON–Payfare Inc., a leading fintech powering instant payout and digital banking solutions for the gig workforce, have created a new rewards program powered by Cardlytics. Payfare cardholders can now earn cash back when they shop thousands of …
Why Purchase Data Drives Customer Engagement
By Jason Howard Who hasn’t looked at their bank statement at one point and thought, “wait a minute, what’s this transaction again?” And often, there isn’t enough information on our digital bank statements to help us make sense of our purchase history. In most cases though, these confusing statement descriptors …
Browns Shoes partners with PayBright, online and in-store
TORONTO, ON—-PayBright, one of Canada’s leading providers of installment payment plans, today announced its partnership with celebrated Canadian shoe retailer Browns. Now, Canadians shopping online at brownshoes.com and at Browns stores nationwide have the option to pay over time in 4 interest-free, biweekly installments. Buy now, pay later (BNPL) services …
Accuity Study Reveals Failed Payments Cost the Global Economy $118.5 Billion in 2020
CHICAGO, IL — The cost of failed payments is estimated to have cost the global economy $118.5 billion in fees, labor and lost business in 2020 according to the latest study from Accuity, a LexisNexis Risk Solutions company. The total cost of failed payments regionally was $41.1 billion in EMEA, …
With Work-at-Home agents on the rise, here’s how to secure payments
…and Improve CX By Gary E. Barnett For most consumers, the idea of handling a transaction or conducting business through a call center brings a reassuring sense of security and confidentiality. This is especially true with larger, more established brands; customers trust that stringent regulations, employee background checks and oversight …