Payments News.

Payments News

CFIB and Mastercard Discontinuing Preferential Interchange Agreement

By Miranda Russell on Aug 14, 2019

Mastercard has announced that they are ending their preferred interchange rates for merchants who are a member of CFIB (the Canadian Federation of Independent Businesses) according to a recent update from the organizations.

Payments News

Are Credit Card Signatures Becoming a Thing of the Past?

By Jeff Merkel on May 3, 2019

Amex, Mastercard, and Discover have all stated that merchants can stop requesting signatures as of April 13th, and Visa is expected to follow suit shortly. The change applies to customers in multiple countries depending on the card brand.

Payments News

Terminal Update Gives US Merchants Lower Debit Processing Rates

By Jeff Merkel on Apr 26, 2019

Helcim’s partner bank Elavon has issued a software update so that when terminals detect a debit card, the terminal will auto-select the debit network.

Payments News

Contactless Payments Gaining Popularity in the US

By Zachary Nickerson on Jan 29, 2019

This year, US consumers can expect to upgrade many of their debit and credit cards to include tap and pay functionality, also known as NFC technology.

Payments News

Visa and Mastercard Announce Rate Adjustment for January 2019

By Miranda Russell on Dec 14, 2018

Visa and Mastercard have both announced rate adjustments effective January 1, 2019. Visa has announced that their base assessment fee will increase to 0.09% from the current 0.08% and Mastercard has announced a reduction to the Mastercard interchange rates.

Payments News

Card Brands Now Require CVV Security Code

By Radu Georgescu on Sep 27, 2018

To help combat the occurrence of fraud, Visa now requires the CVV to obtain transaction authorization for all manually keyed in transactions.

Payments News

Canada Cuts Merchant Credit Card Processing Fees

By Miranda Russell on Sep 4, 2018

Ottawa has announced that they have made a five-year agreement with Visa, MasterCard, and American Express to reduce the interchange rate that they charge merchants by about 10 basis points starting in 2020.

Payments News

Visa and Mastercard Interchange Modifications for Spring 2018

By Nicolas Beique on Apr 1, 2018

Visa, Mastercard and Discover Card are making changes to the Canadian Interchange rates for Spring 2018.

Payments News

Mastercard 2016 Card-Brand Fee Changes

By Nicolas Beique on Oct 25, 2017

The Canadian Interchange rates are not being impacted in April 2016.

Payments News

Canadian Merchants Can Now Accept JCB

By Nicolas Beique on Sep 4, 2017

As a Canadian merchant who accepts American Express, you can now accept JCB (Japan Credit Bureau) payments.

Payments News

Canadian Code of Conduct for the Credit and Debit Card Industry in Canada

By Nicolas Beique on Nov 16, 2016

The Canadian Code of Conduct sets out standards for the Credit and Debit Card industry in Canada.

Payments News

Mastercard USA Annual Per-Location Fee Starting December 2016

By Nicolas Beique on Oct 24, 2016

Mastercard has recently announced a new annual fee which will be billed on a per-location basis for all US merchant locations accepting the card-brand.

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