V+MA Q1 Canada PDV Solid Double-Digits FX YOY Growth Driven by MA

Purchase dollar volume (PDV) in Canada for Visa and Mastercard posted strong performance in the first quarter (1Q/17) up 16.4% year-on-year (YOY). Canadian cards-in-force (CIF) increased 5.9% YOY to 108 million, according to CardData. For 1Q/17, Visa posted a 430 basis points (bps) increase YOY in PDV, while Mastercard reported a 370 bps YOY PDV…

Rambus & Google Buddy to Power Interac on Android Pay in Canada

Interac Debit on Android Pay in Canada is coming thanks to a partnership between Rambus, Google and Interac Association / Acxsys, the organizations behind Canada’s leading payment brand, Interac. Through the Interac Token Service Provider (TSP), which was developed in collaboration with Rambus, Interac debit cardholders can make secure mobile debit payments, now using Android…

Desjardins & Monetico Propel Discover Card Acceptance in Canada

Discover Global Network has inked an agreement with Desjardins Group, the top cooperative financial group in Canada through its Monetico payment solutions, to expand acceptance in Canada. Merchants that have business relationships with Desjardins are now able to accept cards that run on the Discover Global Network, including Discover, Diners Club and alliance partner cards.…

LocoMobi Nails the Chicago Skyway Toll Bridge Payments Contract

Toronto-based LocoMobi, a specialist in cloud ecosystems for parking, is developing a fully integrated transportation system for parking, tolling and transit, creating an infrastructure that allows people and cars to move easily from city to city. The Chicago Skyway Toll Bridge serves over 14 million customers per year. LocoMobi’s license plate recognition technology will be…

Conversational Banking Marries Mobile Multi-Currency for WeChat

Toronto-based Zenbanx introduced “conversational banking,” the ability for customers to use messaging platforms to sign-in, check balances, get exchange rates, and send money from their Zenbanx account without ever leaving their conversation. WeChat, one of the most popular messaging apps in the world, is the first messaging platform to adopt Zenbanx’s conversational banking feature, a simple…

iATS Ankles Top Exec w/Non-Profit Exp to Head Business Development

Vancouver-based iATS Payments has ankled Daniel Mitchell as Vice President responsible for Sales and Business Development. He will be responsible for leading all aspects of iATS sales and business development, and will work closely with customers and partners to support their success. With over 20 years of sales experience, Daniel has worked with innovators across…

Visa Canada & Ingenico Shine at the Toronto Film Festival with NFC

Visa, now in its 20th year of sponsorship of the Toronto International Film Festival (TIFF), will roll out the red carpet for a lineup of innovative payment experiences showcasing the future of commerce. Until September 18th, VISA will provide festival-goers with the opportunity to experience the first-of-its-kind Connected Screen powered by Ingenico Group, which is…