BC Ferries sets sail with advanced payments
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 year-round, carrying vehicles, passengers and cyclists on 25 routes to 47 terminals, …
Bank of Canada, MAS trial DLT
The Bank of Canada and the Monetary Authority of Singapore (MAS) reported May 2 that they 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 …
OpenText, Mastercard Partner to Transform Financial Processes Across Global Supply Chains
Automakers Keep Production Running Smoothly with Mastercard Track™ and OpenText Supplier Portal WATERLOO–OpenText, a global leader in Enterprise Information Management (EIM), and Mastercard , the global payments company, announced a partnership to help companies increase financial efficiencies across global supply chains, starting in the automotive industry. The collaboration will further …
Study: Canadian Open-Loop Prepaid Market Grows to $4.3 billion in 2018
Fintech challenger banks using prepaid’s flexible technology as a platform for innovative consumer banking solutions drove growth The Canadian Prepaid Providers Organization (CPPO) today released its annual benchmark study, The Canadian Open-Loop Prepaid Market: 2018, revealing CAD$4.3 billion in total dollars loaded onto open-loop prepaid cards. According to the study …
Manulife Bank wants to show banking can be done differently
Open four banking products online in four minutes, offers Canadians value far beyond just a big bank chequing account Manulife Bank debuts its innovative new digital All-In Banking Package today, a multi-product banking package that helps Canadians develop better financial habits and improve their financial well being. The All-In Banking …
Paysafe Group Appoints Philip McHugh as CEO
May 30, 2019: Paysafe Group, a leading global payments provider, today announced the appointment of Philip McHugh as its CEO, effective June 24, 2019. McHugh replaces Joel Leonoff who is taking up a new position as Vice Chairman of the Company’s Board of Directors. McHugh, who will also sit on …
Moneris introduces Lightspeed Restaurant to its menu of iPad POS solutions
Bundled solution designed for every restauranteur offers unique management tools, reporting features and secure payment acceptance TORONTO–Moneris Solutions, Canada’s largest processor of debit and credit card payments, today announced the addition of Lightspeed Restaurant to its suite of iPad point-of-sale (POS) solutions. The all-in-one management tool for full-service and fast …
Scotiabank Implements Real-Time Wire Tracking for Business Customers
TORONTO–Scotiabank is the first Canadian-based bank to leverage SWIFT’s Global Payments Initiative (SWIFT gpi) to enable its business customers to track their wire payments in real time through ScotiaConnect, the Bank’s digital business banking channel. In September of 2018, the Bank launched the wire tracking tool internally to help its …
Central 1 Delivers First-in-Canada combined Request Money and Small Business Invoicing using Interac
VANCOUVER–Central 1 announced the launch of Request Money integration into Central 1’s small business online invoicing and payments product. The integrated solution combines Central 1’s small business online invoicing service with Request Money into a single digital platform using Interac e-Transfer Request Money feature. Saskatchewan-based Synergy Credit Union is the …
Third Annual CPPO Prepaid Symposium adds international speakers, new workshops
TORONTO–The Canadian Prepaid Providers Organization (CPPO), the voice of the rapidly growing prepaid payments industry in Canada, has announced new speakers for the third annual CPPO Prepaid Symposium on May 13, 2019, at the Toronto Region Board of Trade. The CPPO Prepaid Symposium is the premier education and networking event …