RBC Intros the No Limit Account for Debit Transactions

RBC Royal Bank has introduced a new high volume transaction account that
offers significant cost savings for those Canadians who rely upon the
convenience of debit cards for everyday transactions. For a flat monthly
fee of $11.95, the new RBC No Limit Account lets you make as many debit
card purchases in Canada as you want, including debit card purchases,
cash withdrawals at RBC banking machines, bill payments at RBC banking
machines, bill payments through online banking, funds transfers through
online banking, funds transfers through telephone banking,
pre-authorized payments, cash withdrawals, transfers, and bill payments
in branches and cheque writing.

VISA Offers Special Access to Film Festival

This September at the Toronto International Film Festival, coveted
passes and coupons will go to Visa cardholders first. The VISA
exclusive advance purchase opportunity takes place July 10th to the 16th.
This exclusive card benefit allows Visa cardholders to purchase passes
and coupons a full week before they go on sale to the general public.
The Visa Screening Room pass, a highly-coveted package at the Festival,
guarantees access to eight of the most anticipated premieres at the Visa
Screening Room, located at the Elgin Theatre.

Aeroplan Launches a New Suite of Rewards Cards

Aeroplan expanded the reward choices of its members by making thousands of new rewards available through a series of new reward cards. This Canadian loyalty industry first enables members to use their “Aeroplan Miles” towards an array of new rewards across Canada and the U.S. in five categories: Dining, Spa, Sports, Entertainment and Getaways. These prepaid, stored value cards may be easily ordered by any Aeroplan member online and are accepted where the American Express Card is welcome. Using their “Aeroplan Miles,” members can redeem for cards in two denominations: 14,000 “Aeroplan Miles” for a card worth $100 and 33,500 “Aeroplan Miles” for a card worth $250. Aeroplan has a network of more than 60 partners, representing more than 100 brands.

ATB BUSINESSCARD

Alberta-based ATB Financial has introduced two new business
MasterCard products that offer a rewards program. The “Alberta Gold Rewards BusinessCard MasterCard” and the “Alberta Gold Ag-Rewards BusinessCard MasterCard” offers 1.5 points for every $1 spent on the card. Points may be redeemed for rewards such as a Honda ATV, an Oregon Scientific Weather Station, and QuikAir flight coupons. ATB Financial is the largest Alberta-based financial institution in Canada with more than 600,000 customers.

ESI to Pilot Citadel’s SecureSwipe Terminal

ESI Entertainment Systems has announced that its wholly owned
subsidiary, Citadel Commerce Corp., will pilot its “SecureSwipe”
device with Leisure & Gaming plc. “SecureSwipe” is a point of sale
terminal which enables an end user to swipe a credit or debit card and
enter a PIN to conduct an immediate secure payment from home. A consumer
can transfer “eMoney” into their “myCitadel Wallet” and pay by
physically swiping their credit card at home using an assigned
SecureSwipe pinpad device and electronically signing a receipt. Citadel
Commerce correctly codes the credit card transactions
according to card association regulations and the purchases are approved
because the payments are treated as card-present transactions. Citadel
Commerce is a provider of secure and efficient payment
processing services to the international online gaming industry.
Leisure & Gaming plc is a holding company focused on the interactive
betting and gaming sector.

Interac Certifies VeriFone’s Vx 510 and Vx 610

Interac Association has certified VeriFone’s “Vx 510” countertop and “Vx 610” wireless payment solution as meeting new chip card device requirements for Canada. The VeriFone systems are the first card acceptance devices to achieve Interac chip card certification. Interac has established a goal of initiating the first chip card transaction in 2007 and will impose financial sanctions beginning in 2010 on member banks who do not meet minimum required levels of chip conversion. The “Vx 510” and “Vx 610” are members of “Vx Solutions,” VeriFone’s next-generation payment systems family that incorporates a faster 32-bit processor, high security, consistent user interface, and sleek designs.

RBC & Toyota Launch a VISA Rewards Program

Toyota Canada and the Royal Bank have introduced a special
time-limited promotion to help Canadian consumers who are in the market
to purchase or lease a new vehicle. Until the end of the summer, “RBC VISA” cardholders can use their rewards points to help with the down payment on a new Toyota car or truck purchase or lease, up to a maximum of $3,500 at Toyota dealerships across Canada. “RBC Rewards VISA” cardholders are also automatically entered into a
contest to win a 2006 Toyota Prius gasoline/electric hybrid, by
redeeming points for any of the more than 275 merchandise items from the
2006 “RBC Rewards” catalog.

Survey Says 90% of Online Shoppers are Satisfied

A recent survey has revealed that E-commerce is
going strong in Canada as Canadians are going online to shop and
research products. The survey of 2,000 online Canadians shows that
online shoppers spent an average of $447 in the past six months with 80
per cent of them making two or more purchases online. Product selection, customer service and guaranteed merchandise return methods are essential in creating repeat customers online. However, one of the main barriers to E-commerce remains concern over security. Online Canadians who had not shopped on the Internet indicated that the security of their credit card and personal information is critically important, and some are still uneasy about providing this information over the Internet.

Gemalto’s Toronto Plant is ISO Certified

Gemalto has achieved ISO/IEC 27001 certification for its advanced card
personalization center outside Toronto. This is the first card
personalization center in Canada to receive the ISO designation. The new
certification is a globally recognized certification that details
stringent requirements for the implementation
of an information security management system. Through its
personalization center, Gemalto is assisting Canadian
financial institutions as they begin converting an estimated 100 million
magnetic stripe cards to microprocessor-based smart cards based on
standards from VISA, MasterCard and others.

InterceptEFT Partners with EFT Canada

InterceptEFT announced a strategic partnership with EFT Canada Inc.
Through the EFT Canada partnership, InterceptEFT will improve its
ACH processing capabilities for transmitting Canadian funds and
maintaining customer data. Customers will benefit from paperless and
seamless EFT/ACH transactions between Canadian and U.S. bank accounts.
EFT Canada provides direct customer billing and collections for
business services and products on a scheduled basis. InterceptEFT
provides payment-processing services and software. It processed more
than 26 million ACH transactions in 2005.

ESI – Citadel Commerce & Excapsa Pilot SecureSwipe

ESI Entertainment Systems wholly owned subsidiary, Citadel Commerce,
will pilot its “SecureSwipe” device with Excapsa Software Inc.
SecureSwipe, which plugs into any personal computer via standard USB
connection, enables consumers to pay securely for gaming site services
with either a credit or debit card. A consumer can transfer “eMoney”
into their “myCitadel Wallet” and pay by physically
swiping their credit card at home using an assigned “SecureSwipe” pinpad
device and electronically signing a receipt. Citadel Commerce correctly
codes the credit card transactions according to card association
regulations, and the purchases are approved because the payments are
treated as card-present transactions. Citadel Commerce is a provider of
secure and efficient payment processing services to the international
online gaming industry. Excapsa is an online gaming software developer.

Mint Technology BOD Adds itravel2000 Executive

Jonathan Carroll, President of itravel2000 has joined Mint Technology’s Board of Directors. Carroll founded itravel2000 in 1994 and currently
serves as president of the company. itravel2000 has grown at a rapid
rate to become Canada’s largest on-line travel retailer. In 2006,
Carroll was recognized in Canada’s annual “Top 40 Under 40,” a prestigious national program celebrating Canada’s leaders of today and tomorrow, and he is regularly featured in the media as a spokesperson for the Canadian travel industry. Mint is a payment solutions company.
Mint is also the first firm in Canada to facilitate and deploy prepaid MasterCard “PayPass” cards.