Payments

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) …

BROOKFIELD, WI–According to the 2020 Fraud and Security Survey, released by Fiserv, 79 percent of U.S. consumers say that cybersecurity is equally or more concerning that it was for them a year ago. Cybersecurity concerns remain as consumers increasingly adopt digital payment methods that facilitate touchless interactions, yet which often …

AMSTERDAM, NL and LONDON, UK–Silverflow, a global payment technology company, has announced a €2.6 million ($4 million CAD) seed funding round. It was led by UK-based seed-stage investor Crane Venture Partners with participation from INKEF Capital and angel investors and industry leaders from Pay.On, First Data, Booking.com, and Adyen. With …

TORONTO, ON–Cambridge Global Payments has partnered with Ripple to deliver cross-border payment solutions to business-to-business (B2B) customers, using RippleNet, Ripple’s global payments network. This partnership will be of particular importance to small-midsized enterprises (SMEs). Traditional global payments systems currently involve many intermediaries, which can slow down payments and increase the …

OTTAWA, ON–Payments Canada has released survey results from Canadian small business owners, identifying payment pain points, needs, and trends. These findings include: Almost 50 percent of small merchants believe Canadian stores will become cashless in the next ten years, of which the majority are unconcerned; Close to 1 in 4 …

By Susan Perlmutter The pandemic has changed how we live, work, and the way we communicate. The financial industry, particularly, has faced some difficult issues, including payment processing delays, loan approval backlogs, and overall accessibility. Financial institutions have been inundated with customer service inquiries and have scrambled to provide timely …

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 …

Moneris Checkout combines hosted payments with advanced fraud prevention features in a convenient, compact solution Toronto, ON –Moneris Solutions Corporation introduced Moneris Checkout, a comprehensive online payment acceptance solution designed to meet the needs of Canadian businesses regardless of size. Secure and flexible, Moneris Checkout offers businesses an easy way …

Updates on the  2020 Payments Canada Summit; the 2020 CPPO Symposium; the ATMIA Canada 2020 Conference; NAPCP 2020 Conference OTTAWA, ON–(March 12)–Today, in consideration of directives from the Public Health Agency of Canada, and after consultation with multiple stakeholders and members, we have made the decision to cancel this year’s …

OTTAWA, ON–The Payments Canada Board of Directors today announced the appointment of Tracey Black to President and CEO, effective March 1, 2020. “Tracey joined Payments Canada in 2018 to lead the payments Modernization program. Her leadership, deep payments expertise and industry relationships have driven the program forward and helped foster …