Merchant Account

Branded prepaid card market continues to grow, study shows

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Growing debit card popularity to change payment processing landscape

MasterCard, Visa profit forecasts upwardly revised thanks to prepaid card popularity

Real GDP increases in Q4 2009 and December, driven by consumer spending

Optimism improves among Canadian SMEs

Merchant Account News Archive

March 2010

• 10/03/2010 - Branded prepaid card market continues to grow, study shows
• 04/03/2010 - Growing debit card popularity to change payment processing landscape
• 02/03/2010 - MasterCard, Visa profit forecasts upwardly revised thanks to prepaid card popularity
• 01/03/2010 - Real GDP increases in Q4 2009 and December, driven by consumer spending
• 01/03/2010 - Optimism improves among Canadian SMEs

Feberary 2010

• 25/02/2010 - Canadian businesses, consumers regain spending power as employment and profits rise
• 23/02/2010 - MasterCard named top global prepaid card provider
• 19/02/2010 - Retail sales rise 0.4% in December, resuming upward trend
• 17/02/2010 - TD Canada Trust CEO lauds payment processing code of conduct
• 16/02/2010 - CFIB: Competition Bureau's Interac decision 'regrettable'
• 15/02/2010 - Recessionary concerns cause shift to prepaid, debit cards
• 15/02/2010 - Debit card processing network Interac denied for-profit status change
• 12/02/2010 - Visa to eliminate signatures for card and debit transactions of $25 or less
• 12/02/2010 - Store music choice may affect retailers' credit card processing activity
• 10/02/2010 - Prepaid payroll cards gaining popularity, says Mercator report
• 09/02/2010 - SelectCore unveils first Canadian reloadable prepaid card sold at retail stores
• 05/02/2010 - Unemployment rate falls to 8.3% as economy adds 43,000 jobs

January 2010

• 29/01/2010 - Small businesses can negotiate three-quarters of payment processing fees, expert says
• 27/01/2010 - Listen up, merchants: Some payment processing fees may be negotiable
• 21/01/2010 - Payments Accountability Council approves of proposed payment processing code of conduct
• 20/01/2010 - MasterCard and Visa comment on proposed payment processing code of conduct
• 20/01/2010 - Community gift card programs help boost sales for local businesses
• 20/01/2010 - Other major economies may follow UK decision to eliminate paper cheques
• 19/01/2010 - With comment period closed, credit and debit card code of conduct debate rages on
• 11/01/2010 - Tourism spending ends five-month dry spell, increases 0.3% in Q3
• 06/01/2010 - Avoid these mistakes when choosing a merchant account provider
• 05/01/2010 - Debit and credit cards dominating payment processing industry, report finds
• 04/01/2010 - Debit cards one of top 5 payment processing developments of the decade
• 04/01/2010 - MasterCard causes confusion with Visa parity wording

December 2009

• 28/12/2009 - Businesses advised to consider cost, transaction time when choosing merchant account provider
• 28/12/2009 - Prepaid distribution channels expand as payment processing sector grows
• 28/12/2009 - UK to eliminate cheques by 2018, acknowledging dominance of electronic payment processing
• 23/12/2009 - Real GDP, employment increase in October, suggesting stable start to economic recovery
• 23/12/2009 - Retailers offering promotional gift cards with purchase to drive post-holiday traffic
• 21/12/2009 - With merchant account providers, choose wisely
• 21/12/2009 - Prepaid card sector gaining larger share of payment processing market
• 15/12/2009 - Gift card sales to increase this holiday season
• 14/12/2009 - Canadian businesses wary of automatic addition of payment processing networks
• 11/12/2009 - Prepaid card use may be overestimated in unbanked and underbanked demographic
• 09/12/2009 - Outsourcing payment processing can be beneficial to small merchants, expert says
• 08/12/2009 - Medical center develops prepaid payment processing system to compensate study participants
• 08/12/2009 - Incentive offers can boost gift card sales, survey says
• 08/12/2009 - CFIB to credit card companies: Please wait for voluntary code of conduct to change payment processing market
• 07/12/2009 - Consumers spend more with gift cards, research finds
• 04/12/2009 - General-purpose gift cards to overtake store-brand cards this year, study
• 03/12/2009 - Prepaid card payment processing sector to experience higher growth than expected
• 01/12/2009 - PCI Security Standards Council will hold webinar to discuss payment processing initiatives

November 2009

• 30/11/2009 - Franchisees and corporate should work together to plan payment processing budgets, expert says
• 27/11/2009 - Loyalty, rewards programs may accelerate shift to debit card payment processing
• 25/11/2009 - American Express Canada launches no after-purchase-fee gift card
• 24/11/2009 - Retail sales growth brightens holiday shopping hopes
• 24/11/2009 - PCI SSC evaluating feedback for revision of payment processing security standards
• 20/11/2009 - Interac applauds Flaherty's payment processing code of conduct
• 19/11/2009 - Minister Flaherty unveils code of conduct for credit and debit card payment processing
• 17/11/2009 - Canadians reluctant to buy online, in-store payment processing seen as more convenient
• 12/11/2009 - Fiserv launches peer-to-peer payment processing service
• 06/11/2009 - Study: 2.5 billion adults worldwide are unbanked
• 04/11/2009 - Could payment processing soon become free?
• 03/11/2009 - Gift card spending to increase 11% this year, survey says

October 2009

• 19/10/2009 - It's the little things that count - how to save money on payment processing
• 19/10/2009 - Merchants may be in good position despite U.S. debit card debate
• 12/10/2009 - Visa and MasterCard to be greeted with code of conduct upon entering Canadian debit market
• 05/10/2009 - Canadians becoming increasingly dependent on credit cards

September 2009

• 30/09/2009 - Visa and MasterCard debit cards complicate future of Canadian payment processing
• 29/09/2009 - Prepaid cards continue growth despite recession
• 28/09/2009 - Are you saving money with your merchant account?
• 24/09/2009 - Credit card companies resume SME marketing campaigns
• 18/09/2009 - Canadian merchants save on credit card processing compared to U.S.
• 16/09/2009 - Gift cards can be a gift for merchants too
• 15/09/2009 - Parents supporting their university children with retail gift cards
• 08/09/2009 - Are you saving money with your payment processing provider?
• 03/09/2009 - Reward programs add to debit card appeal
• 03/09/2009 - Prepaid card industry reaches $247.7 billion in 2008
• 01/09/2009 - Canadian consumers still satisfied with their retail banks

August 2009

• 28/08/2009 - Is your merchant account provider helping your profit?
• 25/08/2009 - VeriFone announces new version of card management enterprise software
• 24/08/2009 - Credit card use increases among college students
• 21/08/2009 - Merchant account industry increases focus on technology, PCI compliance
• 20/08/2009 - Debit cards grow to 50% of noncash transactions
• 20/08/2009 - Back to basics with merchant accounts
• 19/08/2009 - Survey finds 70% of enterprises prioritize payment processing improvements
• 18/08/2009 - Medical offices can benefit from payment card processing
• 12/08/2009 - Clues that you may need to switch merchant accounts
• 10/08/2009 - Wireless merchant accounts fit businesses on the go
• 05/08/2009 - An SME's guide to setting up payment processing