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Credit Card Processing
CIBC acquires Citigroup's MasterCard business
03/09/2010
Canadian consumers who use MasterCard to pay at credit card machines will soon have a new bank managing their card accounts.
Full ArticleRelated News - Credit Card Processing
Credit card rates hit highest level in nine years
23/08/2010
As new rules limiting penalty fees go into effect, consumers are watching their credit card rates hit a new high - and thinking twice before swiping at credit-debit machines.
Full ArticleSatisfaction with credit card companies rebounds
19/08/2010
While new federal regulations could potentially have an adverse effect on the revenue of credit card issuers, banks and payment processors, it has boosted customer satisfaction, a new survey finds.
Full ArticleNew credit regulations hope to educate cardholders and prevent abuses
17/08/2010
Earlier this week, new credit card regulations went into effect for Canadian merchants and companies. However, consumers who frequently pay at credit-debit machines will see changes, too - especially when they receive their monthly bill.
Full ArticleBanks expanding debit card operations
10/08/2010
With new regulations and rules looming over the heads of financial institutions, banks are pushing for greater debit card use at credit-debit machines.
Full ArticleCredit Card Processing News Archive
September 2010
- 03/09/2010 - CIBC acquires Citigroup's MasterCard business
August 2010
- 23/08/2010 - Credit card rates hit highest level in nine years
- 19/08/2010 - Satisfaction with credit card companies rebounds
- 17/08/2010 - New credit regulations hope to educate cardholders and prevent abuses
- 10/08/2010 - Banks expanding debit card operations
- 05/08/2010 - California seeking to ban debit card fees
- 03/08/2010 - MasterCard appoints new chief officers
- 03/08/2010 - Growth in processed transactions stalls for MasterCard
- 02/08/2010 - As income rises, so will spending
July 2010
- 30/07/2010 - Interchange fees still being negotiated
- 22/07/2010 - Consumers and merchants plan protest to Durbin Amendment
- 20/07/2010 - MasterCard announces new global executive
- 13/07/2010 - Market for branded prepaid cards expected to quadruple
- 02/07/2010 - New Visa card allows consumers to earn miles while they spend
June 2010
- 29/06/2010 - Daily debit card use is popular across America
- 28/06/2010 - PayPal to accept credit cards without requiring registration
- 25/06/2010 - Bank customers choose whether or not to pay overdraft fees
- 24/06/2010 - Hip-hop magnate Russell Simmons wins argument over Durbin amendment
- 24/06/2010 - New report suggests retailers turn to merchant services
- 23/06/2010 - Changes to Durbin bill will benefit payment networks
- 16/06/2010 - RBC survey: Canadians prefer cash back credit card rewards
- 14/06/2010 - American card holders may have trouble with technology abroad
- 01/06/2010 - Australian retail sales show increase during April
May 2010
- 28/05/2010 - Retail sales during May fall in the UK
- 21/05/2010 - Expert: Canada doesn't need to resort to U.S. methods with card rules
- 18/05/2010 - Bank of Canada could raise interest rates soon
- 11/05/2010 - Discount store chains see rise and fall during April
- 07/05/2010 - Bill passes in Vermont to allow merchants to install minimums for credit card purchases
- 03/05/2010 - New card conduct policies handed down by Canadian government
April 2010
- 30/04/2010 - U.S. House meets to discuss regulation of card interchange fees
- 29/04/2010 - Visa net income declines slightly in second quarter
- 29/04/2010 - Visa raises swipe fees in America, lowers them in Europe
- 28/04/2010 - Study finds three major trends of thought with updates to PCI DSS
- 27/04/2010 - PPISC calls for standardization, lower payment costs
- 16/04/2010 - Flaherty unveils final payment processing code of conduct
- 09/04/2010 - Store-branded credit cards can be smart move for retailers
March 2010
- 30/03/2010 - Alberta considering providing ID cards to homeless, enabling them to get bank accounts
- 25/03/2010 - Co-branded, prepaid to take Canadian payment processing industry by storm
- 23/03/2010 - Credit card companies cutting co-branded offerings
- 18/03/2010 - Head of Visa Canada expresses concern for fairness of payment processing code of conduct
- 17/03/2010 - January's wholesale sales increase strongest in three years
- 15/03/2010 - Credit card companies ramping up rewards programs
- 12/03/2010 - School district to pay for activities with credit card rewards
- 11/03/2010 - Mobile banking poised to take off in Canada
- 08/03/2010 - 2010 budget proposals include debit and credit card processing regulation measures
Feberary 2010
- 26/02/2010 - Credit card processing appeals to consumers' psychological tendencies
- 24/02/2010 - Hyatt, Visa and Chase form alliance, release Visa-branded rewards card
- 23/02/2010 - American Express Canada and Costco partner to offer rewards credit card
- 16/02/2010 - Olympic Games cause surge in Visa payment processing activity in British Columbia
- 15/02/2010 - Visa's Olympic sponsorship by the numbers
- 11/02/2010 - Report: Banks to increase card rewards programs, debit card marketing
- 10/02/2010 - Credit card direct mail volume on the rise, study says
- 08/02/2010 - Financial Consumer Agency of Canada updates credit card selector tool
- 08/02/2010 - Debit card popularity, credit card processing rebound behind Visa and MasterCard performance
- 05/02/2010 - MasterCard reports $1.3 billion net revenue for Q4 2009 as payment processing volume increases
- 04/02/2010 - Visa posts 1Q 2010 earnings, driven by higher debit and credit card processing
- 03/02/2010 - Consumers more concerned with paying off credit cards than mortgages
- 01/02/2010 - Credit card offers rise in Q4 2009, reversing three-year decline
January 2010
- 29/01/2010 - Payment processing industry uses rewards points to support Haiti relief efforts
- 26/01/2010 - Studies indicate consumers spend more when using credit, debit cards
- 20/01/2010 - With Vancouver on horizon, official sponsor Visa launches new Olympic-themed prepaid cards
- 20/01/2010 - 'Retirement rewards' programs add to the ranks of unique credit card processing incentives
- 19/01/2010 - Credit card companies now focusing on consumer-friendly offers and terms
- 19/01/2010 - AmEx takes payment processing rewards to a whole new level - tax payments
- 13/01/2010 - Cashless society benefits merchants and consumers, says Visa VP
- 12/01/2010 - Canadian businesses increasingly confident, reporting eased credit conditions
- 11/01/2010 - Visa and Coca-Cola announce chip card-enabled Olympic vending machines
- 05/01/2010 - Visa to award one lucky cardholder a lifetime pass to Olympic Winter Games
December 2009
- 30/12/2009 - Consumers express economic confidence in 2010, suggesting uptick in payment processing transactions
- 22/12/2009 - Recession causes consumers to shift their payment processing behavior this holiday season
- 22/12/2009 - Moms prefer debit cards, Visa for holiday purchases
- 21/12/2009 - Canadian retail sales, consumer confidence see growth
- 18/12/2009 - Break out the POS terminals: Canadian shoppers increase spending holiday season
- 18/12/2009 - Shift away from credit cards could change face of payment processing industry
- 15/12/2009 - The 2009 holiday spending forecast is jolly indeed
- 14/12/2009 - RBC: Economy to rebound in 2010, fueled by consumer spending and improved credit
- 10/12/2009 - Recession drives consumer shift from credit to debit, report says
- 10/12/2009 - AmEx unveils rewards charge card aimed at 20-something demographic
- 09/12/2009 - Increased debit card use does not mean credit card declines, experts say
- 08/12/2009 - CIBC lowers credit loss provisions, suggests credit crunch has ended
- 07/12/2009 - Economy gains strength as unemployment rate falls to 8.5%
- 07/12/2009 - Strong payment processing figures expected to bolster Visa's 2010 earnings
- 02/12/2009 - Canada emerges from recession, led by consumer spending and domestic demand
- 01/12/2009 - Canadian consumers increasingly optimistic, yet insecure with personal finances
- 01/12/2009 - Study: Small business credit card processing to dip in 2009, rebound in 2010
November 2009
- 30/11/2009 - Merchant services provider Pivotal Payments recognized for business performance
- 26/11/2009 - BMO Financial Group acquires MasterCard-based Diners Club North America
- 23/11/2009 - Canadian consumers more confident, ready to spend
- 23/11/2009 - Credit card offers spike as economy rebounds, consumers become more financially stable
- 19/11/2009 - Visa launches 3 new prepaid cards for 2010 Vancouver Olympic Games
- 18/11/2009 - Salvation Army adds credit card machines to bell and kettle holiday campaign
- 18/11/2009 - Visa aims to make credit card processing safer, more financially responsible with transaction alerts
- 17/11/2009 - AmEx: Worldwide credit card processing activity to further increase in 4Q
- 17/11/2009 - Best Buy Canada, Future Shop partner with JP Morgan Chase to offer private label credit card
- 16/11/2009 - Visa opens new data center, unveils new payment processing operating system
- 13/11/2009 - IMF forecasts strong Canadian economic outlook, end to credit crunch
- 11/11/2009 - Credit card rewards now appearing in employee bonuses, holiday gifts
- 11/11/2009 - Credit card processing on track for growth as AmEx reports highest spending level this year
- 10/11/2009 - U.S. credit market performance implies end is in sight for credit crunch
- 10/11/2009 - Visa unveils Vancouver Olympic Games marketing campaign
- 09/11/2009 - Credit cards become 'way of life' in New York taxi industry
- 05/11/2009 - Business confidence hits two-year high
- 04/11/2009 - MasterCard posts 3Q revenue growth, fueled by payment processing transactions
- 04/11/2009 - Visa says its Canadian debit cards will benefit payment processing industry
- 02/11/2009 - Credit crunch increases small businesses reliance on credit cards
October 2009
- 30/10/2009 - Global consumer confidence growth may lead to increased spending
- 29/10/2009 - Visa posts fourth quarter profit, bolstered by payment processing transactions
- 29/10/2009 - Interac to compete with Visa and MasterCard by becoming for-profit
- 28/10/2009 - Visa to be official credit card of Vancouver Olympic Games
- 27/10/2009 - Bank of Canada governor confident about credit market, national economy
- 26/10/2009 - Corporate reports point to 'uneven recovery' in Canada
- 23/10/2009 - Chip technologies hold promise for payment processing security, says industry group
- 22/10/2009 - Retail sales rise in August, economy forecasted to improve
- 21/10/2009 - Canadian credit crunch impact has been 'mild,' report says
- 21/10/2009 - Survey: Consumers more comfortable with financial security
- 20/10/2009 - Debit card program can help consumers, merchants give back
- 20/10/2009 - Leading indicators continue four-month rally, consumer spending improves
- 16/10/2009 - Conference Board: Canadian economy to grow 2.9% in 2010
- 14/10/2009 - Don't fear the loonie: Payment processing can keep customers shopping in Canada
- 14/10/2009 - Credit card companies can expect a 'happy Christmas 2009'
- 13/10/2009 - U.S. Army and Navy to deploy VeriFone payment processing solution
- 12/10/2009 - Canadian business, consumer insolvencies decline in August
- 09/10/2009 - Canadian businesses report sales optimism, eased credit access
- 08/10/2009 - Optimism increases in Canadian businesses, consumers
- 08/10/2009 - More than one-quarter of merchants retain payment processing data, survey says
- 08/10/2009 - Mobile commerce holds promise for payment processing industry
- 07/10/2009 - Consumers shift to debit cards, suggests importance of debit payment processing
- 05/10/2009 - Study: Canadian consumers, SMEs performing well despite recession
- 05/10/2009 - American Express to increase presence in Canadian payment processing market
- 02/10/2009 - New Canadian credit card regulations to protect consumers, improve transparency
- 01/10/2009 - Canadian small businesses see green shoots and a bright future
September 2009
- 30/09/2009 - Canadian restaurant industry sees sales growth in July
- 29/09/2009 - Canadian consumer confidence continues 7-month growth as major purchases increase
- 29/09/2009 - Credit card companies go back-to-basics to win back customers
- 23/09/2009 - Chase targets SME sector with small business credit, charge cards
- 23/09/2009 - Credit card losses to subside as industry returns to growth, CIBC CEO says
- 22/09/2009 - Visa projects revenue, EPS growth in 2010 as consumers continue credit card spending
- 21/09/2009 - Canadian university students may be more likely to overspend with credit cards
- 18/09/2009 - Accepting credit cards can help with cash flow concerns
- 17/09/2009 - Leading economic indicators spike in August, consumer spending rebounds
- 17/09/2009 - Credit card industry does not need to fear consumer deleveraging, CEO says
- 16/09/2009 - New York restaurant says 'credit and debit only'
- 15/09/2009 - Visa: Debit card use increases, credit card volume improves
- 13/09/2009 - Wal-Mart eliminates paychecks, gives employees debit cards instead
- 13/09/2009 - Prepaid credit card industry continues growth despite recession
- 12/09/2009 - Credit card losses fall in July, Standard & Poor's reports
- 11/09/2009 - Premium credit card offers increase in 2009
- 08/09/2009 - College students hit record high discretionary spending, purchasing power
- 08/09/2009 - Corporate purchasing shows growth in August
- 04/09/2009 - Canadian economy adds 27,000 jobs in August, consumer spending expected to rebound
- 04/09/2009 - As consumers shift from paper to plastic, payment processing industry soars
- 03/09/2009 - College students borrowing more than ever
- 02/09/2009 - Accepting credit cards is just as important for B2B as it is for B2C
- 01/09/2009 - Recession may be ending - or already over - as real GDP shows growth
- 01/09/2009 - Consumer credit, borrowing increases in 2Q
August 2009
- 31/08/2009 - American small business confidence points to economic recovery
- 31/08/2009 - Consumers should increase spending to avoid 'paradox of thrift,' expert says
- 31/08/2009 - Canadian businesses see recovery on horizon, survey says
- 28/08/2009 - RBC continues positive earnings trend, posts record net income in 3Q
- 27/08/2009 - Personal finance website Mint.com considers Canadian expansion
- 27/08/2009 - Gift cards: the gift that keeps on giving
- 27/08/2009 - Credit card delinquency, borrower debt decreases in 2Q
- 26/08/2009 - American consumer confidence rebounds, Canada likely to follow
- 26/08/2009 - CIBC net income grows by $363 million in past year
- 25/08/2009 - Bank of Montreal reports net income growth, loan performance improvement
- 24/08/2009 - Credit card sales poised to increase as debt and delinquencies decrease
- 24/08/2009 - Canadian consumers spending more per shopping trip
- 21/08/2009 - Banks target 'unbanked' population with prepaid credit cards
- 20/08/2009 - Credit line reductions have 'negligible' impact on credit scores
- 19/08/2009 - Bank of America Merrill Lynch increases Canadian presence
- 18/08/2009 - Customers pay 20% to 30% more with credit cards, fast food survey finds
- 18/08/2009 - Canadian consumers shopping less but spending more per trip
- 17/08/2009 - Credit cards shift reward program focus
- 17/08/2009 - U.S. default rates decrease, credit crunch may be starting to lift
- 14/08/2009 - Canadian consumers more confident and optimistic, spending more
- 14/08/2009 - Payment processing industry sees huge growth, projected to increase
- 13/08/2009 - Credit card purchase behavior stays steady despite credit crunch
- 12/08/2009 - Debit cards surpass credit cards in popularity
- 10/08/2009 - RBC partners with MasterCard to offer travel rewards card
- 10/08/2009 - Prepaid and rewards cards see recession-fueled growth
- 07/08/2009 - Accepting prepaid credit cards becoming increasingly important
- 07/08/2009 - Credit card processing is essential for restaurants
- 05/08/2009 - In a recession, accepting prepaid cards becomes even more important for SMEs
