Interac Debit losses, due to skimming, have continued a six year drop setting a new record low of $11.8 million in total losses to financial institutions in 2015. Fraud exploitation occurring in Canada accounted for only $2 million, or 17 percent of total losses – a drop of 40 percent from the $3.4 million of…
Montreal-based Mobeewave and Global Payments inked an agreement to offer Global Payments’ Canadian clients an innovative new mobile payment acceptance solution. The solution is designed to enable secure, in-person payment transactions, made with any contactless credit card or mobile wallet (e.g. Apple Pay, Samsung Pay, Android Pay), directly on an NFC-enabled mobile device, without the…
Dallas-based Alliance Data Systems reported third quarter revenue increased 20.5% year-on-year (YOY) to $1589 million. However, net income for 3Q/15 declined 20.9%to $130.4 million.
On a non-currency adjusted basis, Purchase Dollar Volume (PDV) in Canada for Visa and MasterCard payment cards declined 7.6% Year-on-Year (YOY) in 3Q/15. On an adjusted currency basis (FX) Visa was up 5.2% YOY and MasterCard soared by 19.2% YOY in 3Q/15.
Companhia Brasileira De Servicos De Marketing, operator of Brazil’s dotz loyalty program, in which Alliance Data System’s LoyaltyOne holds a sizeable equity stake, has expanded into the metropolitan area of Rio de Janeiro, with a population of 6.3 million and the second-largest city in Brazil.
South Africa’s Bidvest Bank has luanched a multi-currency world currency card, powered by MasterCard. The new card is a prepaid travel payment card that features the ability to load up to 17 currencies onto a single card at any time.
Citi has launched Citi Payment Exchange, its integrated and highly flexible institutional payment-processing solution, in Canada. This follows the successful launch of the service in the U.S. in 2012. Unlike other bank offerings available in the Canadian market, clients can utilize Citi Payment Exchange to migrate from paper-based instruments to electronic payments.
In today’s CardFlash News Que: SYNCHRONY (Sleepy’s); TSYS (Tangerine); DH (Ripple); and USAT (Canteen).
Vancouver-based Bit-X Financial’s Digital Asset Exchange, DIGATRADE, has enabled instant Bitcoin buying with US Dollars (USD), British Pounds (GBP), Euros (EUR) and Canadian Dollars (CAD).
In today’s CardFlash News Que: AMERICAN EXPRESS (Sam’s Club); VISA CANADA (Foundation); SYNCHRONY (Graber); and EPC (Phoenix).
Johannesburg-based Bidvest Bank has unveiled the MasterCard Multi-Currency World Currency Card. The prepaid travel card that allows cardholders to load up to 17 currencies on the same card at any time.
Powa Technologies unveils its partnership with Canada’s leading independent Canadian payment processor, CT-Payment. The PowaPOS T25 is being introduced to the CT-Payment’s ISO and software developer partners as a preferred tablet-based POS platform for meeting the growing demand from their retail clients.