A new survey shows the number of Canadians who have purchased and/or received gift cards in the last year, has grown from 68% five years ago to 87%. More than half of respondents who purchased a gift card in the past year bought four or more cards.
In today’s CardFlash News Que: SYNCHRONY (Sleepy’s); TSYS (Tangerine); DH (Ripple); and USAT (Canteen).
Toronto-based Suretap has launched the launch of the suretap prepaid MasterCard. It’s a secure, easy-to-use virtual prepaid card that is now part of and only available through Canada’s leading open digital wallet experience, the suretap wallet.
According to consumers worldwide, financial institutions excel at leveraging digital technology to meet convenience, choice and access needs of customers, but banks have permission to do more to become trusted advisors and move the banking relationship beyond transactional convenience to the center of the consumers’ living experience.
Delinquency rates (90+ days) in Canada for credit cards inched up slightly in the second quarter. However, overall delinquency among all loans declined by more than 4%.
Toronto-based TransferTo and PayPal have teamed to offer mobile airtime top-up in Canada. Without any transfer fees, Canadians can now use their PayPal account to instantly top-up prepaid mobile phones of their relatives and friends that are registered with over 400 carriers in more than 100 countries.
With a highly banked population and a reputation around the world for being fiscally responsible, a new survey reveals that many Canadian consumers face challenges with the current ways they manage their finances, budget and pay for goods. As a result, Canadians from coast to coast are considering new financial tools to help them solve these problems and take control of their financial lives.
MTS and SaskTel provincial telecommunications companies can now pay with their phone. TD is the first financial institution to offer this service to MTS and SaskTel customers.
Since the Great Recession finance executives’ confidence in the U.S. economy has never been higher and now have adopted a ‘spend-to-grow’ attitude. The U.S is joined by finance executives in India, Spain, China and Brazil wherein 75% of the top executives express the same optimism.
MasterCard (MC) Canada’s Gross Dollar Volume (GDV) rose year-on-year (Y/Y) 10.5%, on a local currency basis, in the fourth quarter (Q4/14). Growth exploded in the fourth quarter despite surveys showing Canadians reined in their wallets for the holiday season.
Bluefin Payment Systems and Small Business Workbench have teamed to provide Bluefin’s PayConex and QuickSwipe PCI-validated Point-to-Point Encryption (P2PE) solutions to Small Business Workbench® clients.
New survey finds Canadians took their budgets to heart over the holidays and kept their spending in check. More than six out of ten said they didn’t spend more than they intended.