Canada needs blockchain
By Alastair Johnson The federal government’s Budget 2019 included a proposal for an oversight framework to ensure that “retail payment services providers can continue to offer innovation in services, while remaining reliable and safe”. What’s interesting is that this declaration was not followed by any statement regarding the use of …
INTERVIEW: BMO’s Haward-Laird on cross-border banking, payments
INTERVIEW By Brendan Read Canada and the United States have long been deeply connected financially with each other through trade, including investments, tourism and individual migration for work, education and also visits, like for shopping and for retirement. Canadians make and receive payments while in the U.S., and from and …
Blockchain: good governance matters
By Oscar Roque Many view blockchain as a disruptor. But here at Interac we see it as an enabler. To date, our journey has been an exciting one—exploring and experimenting with blockchain technology—while applying it to new use-cases and problem sets. With over three decades of building payments ubiquity in …
BC Ferries sets sail with advanced payments
Millions of passengers need effective payment methods, often buying immediately on boarding By Brendan Read The British Columbia Ferry Service (BC Ferries) is one of arguably Canada’s best known and patronized transportation companies and one of the world’s largest ferry operators. Its highly varied fleet of 35 vessels operate safely …
Bank of Canada, MAS trial DLT
Blockchain The Bank of Canada and the Monetary Authority of Singapore (MAS) have conducted a successful experiment on cross-border and cross-currency payments using central bank digital currencies and distributed ledger technology (DLT). This is the first such trial between two central banks, they said in a release. These technologies have …
BMO Wins Aite Group’s 2019 Cash Management and Payments Innovation Award
Award recognizes digital channel capabilities TORONTO–BMO Financial Group today announced it has received Aite Group’s 2019 Impact Innovation Award for Cash Management and Payments for Digital Channel Capabilities. The award recognizes the bank’s efforts to deliver a leading experience for online business banking customers across channels. Aite Group’s Impact Innovation …
Data-Driven Commerce is the ‘Game Changer’ for Hospitality Businesses Worldwide English
“This new report provides real strategy to outperform the competition in a rapidly evolving market,” said FreedomPay Founder and CEO, Tom Durovsik Payments innovator, FreedomPay, the global leader in secure commerce technology for lodging, retail, restaurants and other hospitality merchants, today announced the publication of a new Report entitled Hospitality …
Desjardins Group’s forms Strategic partnership with Global Payments
MONTREAL–Desjardins has signed a long-term partnership with Global Payments, a leading worldwide provider of payment technology and software solutions. This partnership means that Global Payments will be acquiring Desjardins’ entire merchant portfolio, currently housed under the Monetico brand. Starting in March 2020, Desjardins’ equipment will be replaced with Global Payments’ …