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Flaherty Warns to Respect Voluntary Code

Flaherty Warns to Respect Voluntary Code
Federal Finance Minister Jim Flaherty warned companies and banks that if they do not comply with a proposed voluntary code of conduct for the credit and debit card markets, he will be bring down the “hammer” of regulation. The code, which is designed to address merchants’ claims they are being unfairly treated, draws ... Full story
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Flaherty Pressed to Get Tougher on Behalf of Merchants

Flaherty Pressed to Get Tougher on Behalf of Merchants
Finance Minister Jim Flaherty has to raise consumer and merchant protections in the multi-billion dollar credit and debit market, by rooting out a slew of controversial industry practices, which includes double cycle billing, notes members of the Liberal caucus on Nov. 2nd. The voluntary code of conduct that Flaherty is bringing ... Full story
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Visa and MasterCard Co-badging

Visa and MasterCard Co-badging
Visa Canada came out to say that there is a big misperception that its new debit product is designed to rid Canada of its existing low cost service run by Interac Association. Critics go as far as to say that Visa debit is putting non-profit Interac in a bind as they begin to ... Full story
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Finance Minister Jim Flaherty “Voluntary Code of Conduct”

Finance Minister Jim Flaherty
Finance Minister Jim Flaherty is putting the finishing touches on a voluntary code of conduct to govern Visa’s and MasterCard’s entry into Canada’s $168 billion debit card market. Flaherty is in negotiations with industry stakeholders, and is expected to announce the measures in the coming weeks, which will be complementing his new credit ... Full story
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