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Canadian Merchant Industry News

Get daily updates about the Canadian merchant industry. From news about merchant accounts and credit card processing, to security issues and point-of-sale terminals, you'll always be up-to-date.

Industry News

eBay leads the way in mobile commerce

By Joseph Triglioni

25/06/2010 - Smartphones are making some retailers early winners in the mobile commerce game.

One of the biggest winners to emerge is eBay. The online auction giant has become the top mobile retailer, making up ground it lost in the past few years to Amazon.com in online retail, according to BusinessWeek.

While eBay owns only about 3.3 percent of the emerging market, it is expecting to expand rapidly over the next few years. By 2015, analyst Mark Beccue of ABI Research expects mobile commerce to be a $119 global industry, up from $18.3 billion last year.

"Nobody knows what's going to happen in mobile. We need to be ready to spin on a dime," eBay's vice president for mobile, Steve Yankovich told the paper. One proposed application is eBay Fashion. It will offer a form of virtual dressing room that allows customers to use their camera phone to upload a picture of themselves and "try on" clothes.

With mobile shopping on the rise, consumers are turning more frequently to retailers who accept Visa and Mastercard. Mastercard and Visa have a total of 58 million credit card customers worldwide.

Canadian Bankers Association develops blueprint for mobile payments

15/05/2012

The number of smartphone owners in Canada now represents half of all wireless users, and many retailers have already installed point-of-sale terminals enabled with the technology that can accept mobile payments.

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EMV payments cards more widely circulated

11/05/2012

Merchants that have not yet invested in point-of-sale terminals capable of accepting EMV-chip cards might feel more pressure soon, since the number of cardholders is growing. Data recently released by EMVCo reported that 45 percent of all cards in the world contain EMV microprocessing chips

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Retailers want mobile POS systems, study shows

02/05/2012

The surveyed merchants believe the mobile credit card processing devices will help them provide better customer service and greater payment convenience since they won't be restricted to the front of the store.

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