MAXIM ZMEYEV / Reuters
In Canada, merchants pay much more than businesses in other parts of the world for accepting credit card payments.
RyanKing999 via Getty Images
TORONTO — Canadian merchants may soon start charging customers extra to pay with certain credit cards thanks to a settlement agreement in a class action suit. The suit, which was filed in 2011, allege...
ra2studio via Getty Images
The integration of payment technology brings wearables to the masses as a mainstream phenomenon. Not everyone wants a device that will track their steps or sleep patterns, but anyone can appreciate the freedom of going walletless.
gpointstudio via Getty Images
Studies have shown that on average, we have to enter passwords eight times per day for the 10 different online accounts or applications we regularly use every week. You could use the same password for each, putting you at increased risk for fraud, or you have to rely on your memory for longer or more complex passwords. That's where biometrics come in.
Bloomberg via Getty Images
Canada sits high on a global list of countries ready to make the shift because this country has quickly advanced all those requirements. Ensuring the payment made on your phone is as safe as the card you use today is absolutely key. New security measures developed just for mobile payments keep your payment information secure.
MarcusPhoto1 via Getty Images
AMSTERDAM — Starting this summer, Canadian Mastercard holders will be able to pay for their online purchases using a selfie or a fingerprint instead of a password. After a pilot project in the Netherl...
Denise Truscello via Getty Images
As merchants cannot charge different prices for cash, credit or debit payments and obviously price-in the interchange fee, those consumers using cash (e.g. those on fixed incomes such as the retired) are, in effect, paying a hidden fee. So reducing interchange fees as far as possible make sense. Or does it?
The program uses existing technology and functionality that MasterCard has been working on for two years.
Piotr Kozikowski via Getty Images
We live in a society where you don’t talk about your personal finances in polite company. Or even impolite company. We just don’t talk about money. We do, on the other hand, talk about sex, and with g...
First there was the obligatory second credit card everyone said I needed as an emergency backup. But it wasn't long before the card slots in my wallet began rapidly filling up. One soon held a blue Air Miles card, the one that requires years of collecting to get a one-way trip to Hamilton. From then on, the acquisition of cards continued unabated.
Entrepreneurs often underestimate how long it can take to get paid. Whatever the reason for late payments, it's another headache taking your focus away from what you really love about your business. Here are some simple strategies you can adopt to help encourage timely payment and even speed up the process.
Canadians could see new surcharges on their credit card purchases if a Competition Bureau tribunal decides to eliminate existing rules put in place by Visa and MasterCard, a consumers’ group is warnin...
If you want to know what's bugging the average small business owner, ask for his or her opinion about the credit card processing fees. Every time you buy something with a credit card, it costs the merchant. And here's the rub: Visa and MasterCard rules say that merchants must accept all the cards within their brand. That isn't fair, and consumers are paying the price for premium cards. Instead of charging the cardholders a bit more, merchants are forced to raise their prices on everyone to make up the difference.