What's In The News

Ottawa Proposing New Oversight Framework for Payments Companies Amid Flood of New Players

March 25, 2019 


Included in the recent Federal budget is proposed oversight by Ottawa, to bring sanity to the rapidly-growing world of payments and payment options, in Canada.


Currently, it does not appear that major Acquirers, such as Moneris and Chase Paymentech, will be directly affected...

  

As pricing has still not been addressed, True North's expert analysis is needed now, more than ever.


https://business.financialpost.com/news/fp-street/ottawa-proposing-new-oversight-framework-for-payments-companies-amid-flood-of-new-players

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Italy's First Biometric Contactless Payment Card Pilot

December  19, 2018


The first biometric card pilot is set to launch in Italy!  


This could be a real game-changer for making payments.


https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/intesa-sanpaolo-turns-to-gemalto-for-italys-first-biometric-contactless-payment-card-pilot

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Small Business Payments Spotlight: Highlights Key Trends to Help Small Businesses Thrive

September 26, 2018


For those unsure of mobile payments place within the market, or the importance of data security - this article is certainly worth a read!  


Albeit a US-based report, the trends still generally relate to Canada.


 https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/bank-of-america-merchant-services-annual-small-business-payments-spotlight-highlights-key-trends-to-help-small-businesses-thrive 


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Visa & Mastercard Agree to Cut Canada Interchange Fees

August 10, 2018 


Some big industry changes are on the horizon!


The real question is:  in 2020,  how much of these reductions will actually be passed on to the merchants...?


This is just part of the reason why all businesses should be on Interchange Plus pricing - ensuring that any price reduction given to the processors, is fully passed on to the merchants also.


Do you have further questions regarding this announcement, and what impact it could have for your business?


Contact True North to discuss today.

P: (647) 567-8760 

E: jock@truenorthmerchantconsulting.com



https://www.bloomberg.com/news/articles/2018-08-09/visa-mastercard-amex-agree-to-trim-interchange-fees-in-canada

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Proposed Changes to the Canadian Payments Act May Spur Innovation

July 31, 2018

 

2018 is promising to be an important year for change to Canada's payments landscape.


With the proposed changes to the Canadian Payments Act, we could soon see a boom in new Fintech (financial-technology) innovations, coming to the market.


https://www.pymnts.com/startup-check-in/2018/nanopay-canadian-payments-innovation-fintech-international/

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Macy's Data Breach Further Pushes the Importance of PCI Compliance

July 30, 2018


With the recent breach of Macy's customer data, the importance of PCI Certification is once again in the forefront. 


With about half the breaches taking months or longer to detect, this could potentially prove detrimental for not only businesses, but also their customers, as well.  


Find out the details on this most recent breach, as well as ways to ensure your business is adequately protected.


https://www.paymentssource.com/opinion/breach-wave-shows-the-importance-of-pci-compliance?utm_campaign=payments_source-tw&utm_medium=social&utm_source=twitter&utm_content=socialflow


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eBay Adds ApplePay To Payment Options

July 25, 2018


With the recent rise in customer demand for easier and more seamless transactions, eBay is moving towards a new payment-system; soon allowing for ApplePay, and other mobile-wallets to be used.


Ultimately, this move has shown beneficial for companies who have made the switch; not only are they seeing less cart abandonment, but also seeing an improvement in customer experience, too.


https://www.pymnts.com/news/retail/2018/ebay-apple-pay-square-capital-partnership/amp/?__twitter_impression=true

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Is It Time to Upgrade Your Credit Card Machine?

July 24, 2018


The way we process payments has, and continues to evolve at a rapid rate. 


In this article, Moneris aims to reiterate the importance of keeping your terminals up to date with current (and future) technological changes -- changes like accepting tap-card payments, as well as contactless payments (through smartphones or other smart devices) are just some of the ways in which this technology is currently benefiting not only business appearance, but overall customer experience.


https://insights.moneris.com/business-matters/is-it-time-to-update-your-credit-card-machines?utm_source=twitter&utm_medium=social&utm_campaign=Insights&utm_term=&utm_content=update_cc_machine

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Two-Factor Authentication Coming to Online Card Payments

July 12, 2018


When it comes to online transactions, our current system of password authentication is becoming increasingly outdated.


Responding to these concerns, online card-payment platforms are beginning to look more favourably towards the use of two-factor authentication systems; specifically pointing towards bio-metric options as being the way of the future.


“The use of passwords to authenticate someone is woefully outdated, with consumers forgetting them, etc...In payments technology, this is something we’re closing in on, as we move from cash to card; password to thumbprint; and beyond...It’s far easier to authenticate with a thumbprint or a selfie, and it’s safer too.”


– Ajay Bhalla, President Global Enterprise Risk and Security, Mastercard


https://tamebay.com/2018/07/two-factor-authentication-coming-to-online-card-payments.html

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Attention All Dream Payment Customers: Moneris Has An Attractive Offer For You

July 03, 2018


This week is the last chance for merchants of the failed MPOS (mobile point of sale) provider, Dream Payments, to take advantage of Moneris' attractive offer.


Available to verified Dream Payment customers only.

  • Pay no monthly-fees for 6 months of PAYD Pro. 


https://twitter.com/Moneris/status/1014139414761664513?cn=ZmxleGlibGVfcmVjcw%3D%3D&refsrc=email

get the details

Is Bitcoin the future, or an echo of a failed past?

June 25, 2018


Cryptocurrencies are continuing to confound many, but they are far from dead.  Find out more from this article, from The Star:


https://www.thestar.com/wsj/technology/2018/06/20/is-bitcoin-the-future-or-an-echo-of-a-failed-past.html

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Moneris is offering a one-time signup offer to all Dream Payment customers

June 13, 2018:


Moneris quick to market with assistance to Dream Payments merchants, who apparently will be unable to process via Dream Payments as of midnight, July 6th. 


Moneris is offering no monthly fees for 6 months on PAYD Pro®!
Must be a verified Dream Payments customer to qualify, and apply before July 6.

Get The Details

Chase offering Amex at 50% off with CFIB

March 6, 2018:

   

Is this the start of a larger plan to make Amex more competitive?


http://www.cbc.ca/news/business/interchange-credit-card-fees-1.4562305

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