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Posts Tagged ‘merchants’

Interac Remains Non-Profit

Saturday, February 13, 2010, 9:03
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A decision which Interac has described as disappointing as the federal competition watchdog made it clear on Friday that it could not support the debt service provider’s bid to become a for profit company. The Competition Bureau has opened the door to agree to other changes in Interac’s business model which would allow it ... Full story

Tags: business model, canadian federation of independent business, chief executive officer, competition bureau, competition watchdog, federal competition, governance model, independent directors, merchants, midst, profit company, service provider, small business owners, VISA

Weekly News Watch 21

Saturday, November 21, 2009, 9:11
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The week has once again come to an end, and we finally saw the long awaited piece of news that can bring an end to the controversy of Visa and MasterCard coming into the debit card market. Finance Minister Jim Flaherty has released his voluntary code and merchants are pleased with it. The code ... Full story

Tags: canada, consumer choice, debit card, dollar market, finance minister jim flaherty, financial institutions, inflation rate, market finance, merchants, multibillion dollar, VISA, voluntary code, weekly news

Weekly News Watch 19

Saturday, November 7, 2009, 1:00
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This past week, we have seen several interesting pieces of news come out this week. One of which was the recent figure of $300 million being the cost of processing fees if Visa Canada acquires just 20% of the debit market next year. This figure comes from the Retail Council of Canada, and ... Full story

Tags: consultations, consumers, controversial industry, debit card, finance committee, finance minister jim flaherty, higher finance, house of commons, interac association, interchange fee, merchants, ottawa, retail council of canada, visa canada, voluntary code

Visa and MasterCard Co-badging

Friday, October 30, 2009, 7:00
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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

Tags: badges, code of conduct, debit card, debit visa, finance minister jim flaherty, fraudulent purchases, interac association, international acceptance, maestro, market share, merchants, visa canada, visa debit, voluntary code, zero liability

MasterCard Prepaid Cards Overview

Friday, October 23, 2009, 7:00
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I recently became aware that I had not written a piece on the topic of MasterCard Prepaid Cards, while I had already written one for its competitor Visa (the article can be found here). Due to this fact, I am writing this article to inform you of the benefits of using MasterCard ... Full story

Tags: cardholder, cardholders, gift card, mastercard credit card, mastercard credit cards, mastercard payment, merchants, payment cards, prepaid cards, reloadable card, security features, unauthorized purchases, VISA

Weekly News Watch 14

Saturday, October 10, 2009, 10:31
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The past week passed by quickly, or that might just be me. The news throughout the week was quite interesting but I will leave that discussion for the end. Household debt is growing larger in Canada, expanding more than 7% year over year. Driving household debt is low. Plan for Visa and MasterCard to ... Full story

Tags: debit cards, finance minister jim flaherty, household debt, merchants, olympic games, olympics, small business owners, vancouver, visa card