InteliSpend Prepaid Solutions expanded its offerings with the introduction of the company’s Universal Visa Prepaid Card in the Canadian market. This new prepaid card gives Canadian companies and companies with a Canadian presence an easy and memorable way to reward employees, drive sales and deliver effective consumer promotions. The new Universal Visa Prepaid Card is an incentive for reward programs in which maximum redemption choice and international spending power is important. Cards are also available in either preset amounts or as reloadable cards.
Cardtronics Canada has acquired Mr. Cash ATM Network, expanding its international presence, for undisclosed terms. Mr. Cash delivers to Cardtronics an established ATM deployer presence while this development provides Cardtronics an enhanced global presence to better serve the ATM needs of multi-national chain retailers and financial institutions. In addition to driving accelerated growth from Mr. Cash’s legacy operations with an enhanced ability to fund new business opportunities, Cardtronics plans to bring its community-based business model to Canada. Complementing Mr. Cash’s roster of existing merchant relationships, Cardtronics will also look to place Cardtronics-owned and -operated cash machines in Canada’s most relevant retailers, thereby creating high-visibility ATM branding opportunities for financial institutions.
E-Debit Global Corporation announces the development of E-Debit International Inc.’s “Smart Grid” secured Card-Not-Present payment process. With our previously announced EMV SCD Code certifications (the payment and security standard for interoperation used for authenticating credit and debit card payments at chip enabled terminals developed for payment systems by Europay, MasterCard and Visa and introduced by the Interac Network) we are now moving our focus to expanding our business development to the “Card-Not-Present” wireless and Internet market place utilizing our EMV experience. stated Doug Mac Donald, E-Debit’s President and CEO.
Desjardins Card Services merchant payment and financing solutions forged agreements with Staples Canada and Citi Cards Canada to acquire a substantial part of Staples Canada’s store credit card portfolio. Desjardins will purchase Staples Canada’s outstanding receivables and client accounts that are currently being managed by Citi Cards Canada.
SelectCore telecom and financial services provider and transaction processor for the under-banked consumer market executed a binding Letter of Intent to acquire the assets of an arms-length Canadian payment processor. The assets to be acquired will consist of all merchant contracts, all processing agreements, all hardware and software, all accounts receivables, goodwill and all other assets used in the business of the vendor (the “Assets”).
Western Union is set to launch electronic wallet for clients of Western Union Business Solutions. The technology supported by hyperWALLET’s global payment platform will allow clients using Business Solutions’ Online FX platform to add and hold funds on balance for future use and enable them to make simple email payments to international recipients. The technology will help businesses create a closed loop ecosystem enabling the reliable transfer of funds between senders and receivers.
Imperial Parking Canada Corporation implemented Chase Paymentech as their primary payment processing provider. With this, when a customer parks at most of its 1,600 lots throughout the Country, they pay using their MasterCard, Visa, American Express and Interac Direct Payments cards through Chase Paymentech’s payment processing.
Travelex non-bank foreign currency provider launched a prepaid foreign currency card for Canadians available in U.S. Dollar, Euro and British Pound Sterling with its “MasterCard Cash Passport.” Reloadable and replaceable, the “MasterCard Cash Passport” offers a convenient alternative to carrying large amounts of currency while travelling overseas, compatible with the chip-and-PIN technology. The card is not connected to the cardholder’s bank account, minimizing the risk of identity theft in the event the card is lost or stolen. Travelex does not charge ATM fees while “Cash Passport” makes the option of preloading travel money before leaving Canada and electing to not carry large amounts of currency even more appealing.
Chase Paymentech merchant acquirer and payment processor kicked-off its “Safetech Encryption” in Canada to help protect merchants and consumers from payment card fraud and data theft for POS retail customers. The “Safetech Encryption” technology is meant to secure cardholder data for card-present transactions and eliminate the processing, transmission and storage of unprotected payment card account information on retailers’ systems. The encrypted data is then transmitted to Chase Paymentech, where it is decrypted and processed through the payment brand networks.
Chase Paymentech acquirer and payment processor launched its Safetech Encryption to help protect merchants and consumers from payment card fraud and data theft. Available to Chase Paymentech Canada POS retail customers, Safetech Encryption is breakthrough technology designed to secure cardholder data for card-present transactions. It is meant to eliminate the processing, transmission and storage of unprotected payment card account information on retailers’ systems. The customer’s card data is encrypted and formatted so that the retailer’s POS systems process the transaction in typical fashion, but the card data is rendered useless to any other person or system that obtains it.
BMO Bank of Montreal and Sobeys launched two new online bank accounts designed to help shoppers save more and earn more grocery rewards. The new co-branded bank accounts offer consumers quality service, convenience and value. Individuals can save on paying monthly bank fees through the No-Fee Chequing Account(1) and get their first set of cheques for free, while the High Interest Savings Account offers a competitive interest rate of 1.3 per cent(2) on deposits. Both accounts come with a debit card and several ways to accumulate Club Sobeys points or AIR MILES® reward miles throughout the year.
Collective POS Solutions is pleased to announce the launch of its Payment Processing Articles article series to offer consumers a deeper knowledge of the issues and opportunities surrounding payment processing. The company has begun creating a library of original content that will act as a reference for both current and future Collective POS customers. These articles will include business tips and advice, industry news and trends and other useful information that business owners can put to use every day to positively impact their operations.