Credit Card Processing

January's wholesale sales increase strongest in three years

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Credit card companies ramping up rewards programs

School district to pay for activities with credit card rewards

Mobile banking poised to take off in Canada

2010 budget proposals include debit and credit card processing regulation measures

Credit Card Processing News Archive

March 2010

• 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 - Canadian consumers spending more per shopping trip
• 24/08/2009 - Credit card sales poised to increase as debt and delinquencies decrease
• 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 - U.S. default rates decrease, credit crunch may be starting to lift
• 17/08/2009 - Credit cards shift reward program focus
• 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 - Credit card processing is essential for restaurants
• 07/08/2009 - Accepting prepaid credit cards becoming increasingly important
• 05/08/2009 - In a recession, accepting prepaid cards becomes even more important for SMEs