2019 federal budget includes measures to improve the Canadian payment system
Retail Payments Oversight Framework represents a step forward for payments industry OTTAWA–Canada’s federal government yesterday announced Budget 2019, Investing in the Middle Class, which supports payments innovation and changes to safeguard the funds and payments data of Canadians. Most notable to the payments ecosystem is the government’s proposed functional, risk-based …
Leading Fintech provider Galileo posts 88 percent run rate increase in 2018
SALT LAKE CITY–Galileo, the trusted technology partner for fintechs, financial institutions and investment firms worldwide, today announced significant company growth and an expanded portfolio of payments and cash management solutions that increases business opportunities for its clients. Galileo’s client base grew 34 percent and the company’s number of employees increased …
Inventor of the World Wide Web, Sir Tim Berners-Lee, to speak at Canada’s largest payments conference
OTTAWA–Sir Tim Berners-Lee, inventor of the World Wide Web and one of TIME Magazine’s “100 Most Important People of the 20th Century”, joins the growing roster of notable speakers at the 2019 edition of The Payments Canada SUMMIT. Berners-Lee will be in the company of other high-profile innovators and industry …
Securing payments in a connected world
By Gord Jamieson The world is becoming hyperconnected with the rise in the number of smart devices. This is driven in part by the growing comfort and habit among consumers with making purchases on their phones, tablets, computers and Internet of Things (IoT) devices. In fact, industry analysts predict there …
A rewarding card strategy
By Allen Pettis Canadians love their credit cards. In TSYS’s most recent Canadian Consumer Payment Study, consumers ranked credit cards as their number one favourite payment method for the fourth year in a row. And for the first time since the study began, Canadians across age groups and income levels …
Evolving Canada’s iconic loyalty programme
By Susan O’Brien Loyalty programmes are an important part of the toolkit for many retailers. Yet few of them have the legacy and reputation of Canadian Tire Money®, Canada’s first loyalty programme. Canadian Tire Money or CTM is a Canadian icon. With more than 12 million members nationwide and over …
Survey: Canadians turning to alternative payment methods
Despite being one of the highest banked populations in the world, Canadians are increasingly turning to alternative payment tools, including mobile, PayPal and prepaid. A new study, “How Canadians Pay Today”, commissioned by the Canadian Prepaid Providers Organization (CPPO, www.cppo.ca), revealed that the use of these means, led by prepaid, …
Why daily pay for gig workers
By Chris Seip In Canada, and across the globe, we’re seeing the emergence of a gig economy that is fuelled by on-demand workers. According to EY, the U.S. contingent workforce has grown by 66 per cent in the past 10 years1. Ride-hailing services are one of the largest users of …
The digital payments opportunity
By Anurag Kar So much of our daily lives is online, digital and on-the-go, whether it’s how we communicate with each other, how we learn about current events or consume entertainment and increasingly how we conduct business and make purchases. Naturally enough, businesses from large retailers to financial services providers …
Developing a digital payments infrastructure
By Mikko Rieger Banks and credit unions are struggling with complexity and how to manage competing priorities. Mobile payments are growing by more than nine per cent a year, with more than 70 per cent of Canadians using their mobile devices for sending and receiving money1. Now too, consumers are …