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canada
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1.2KMastercardMastercard, Interac Team On Canada Cross-Border Payments
Mastercard and Interac, the global and domestic payment networks, announced Wednesday (May 22) they are collaborating to offer customers in Canada a...
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1.3KB2B PaymentsAccountants Sound Off On Wolters Kluwer Cyberattack
A cyberattack at accounting firm Wolters Kluwer that left its accountant clients unable to access a portal necessary to do their jobs...
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1.4KFintech InvestmentsKOHO FinTech Raises $42M To Fund Growth
KOHO, the Canadian FinTech, announced on Wednesday (May 15) that is has closed a $42 million round of fundraising. In a press...
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2.2KInternationalYoung Canadians Want Simple, Convenient Payments
A new study by Payments Canada shows that while Canadians are slowly moving away from cash, they still want options, especially the...
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1.2KEconomyCanada’s Insolvencies Jump In March To Highest Level In Eight Years
Consumers in Canada filed 11,963 insolvencies in March, up 5 percent from a year ago and the highest number in eight years....
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3.6KReal EstateMoney Laundering Causes Rising Canadian Home Prices
Home prices increased about 5 percent in Canadian province British Columbia last year thanks to money laundering. According to a report in The...
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4.4KDigital BankingWhat FIs Don’t Know They Don’t Know About Their Customers
When it comes to long-term consumer relationships, few businesses can top banks. They tend to keep ties with consumers over decades —...
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4.1KInnovationInnovative Ecosystem Draws FinTech Firms To Toronto
Toronto is a powerhouse for financial innovation in Canada: The city has the most sizable ecosystem for FinTech in the country, with...
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1.4KB2B PaymentsWhy Cross-Border Trade Is All About The Connections
In business, success can often rely on who you know. For small and medium-sized businesses looking to expand export operations across borders,...
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2.9KBankingBMO Bank of Montreal To Implement Mastercard Send In Canada
Mastercard and BMO Bank of Montreal announced Wednesday (April 24) that BMO is implementing Mastercard Send in an effort to deliver faster,...
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2.3KPartnerships / AcquisitionsFlywire, TRUE North Integrate To Reach More International Students
Flywire, the payment company focused on educational institutions and their students around the world, announced Thursday (April 18) an expanded partnership with...
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3.1KB2B PaymentsOnDeck Completes Evolocity Merger In Canada
OnDeck has closed the merger between its Canadian operations and small business lender Evolocity Financial Group, also based in Canada. The company...
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4.3KB2B PaymentsAmerica’s Path To Marijuana Banking Stirs Canada Competition
As the U.S. nears possible regulation that could open the banking doors to legal marijuana businesses, there are some business owners in...
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8.7KB2B PaymentsCanadian SMBs Improve AR Management Through eInvoicing, Automation
News came last week that the Canadian FinTech Central 1 had linked its credit union customers to a single digital platform that...
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4.7KRegulationCanada Wants To Govern Crypto Exchanges In Wake Of Quadriga Scandal
Canada wants to redo securities regulations to include cryptocurrency trading operations like Quadriga, which lost the ability to access $195 million of...
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6.9KB2B PaymentsFunding Circle Reveals Plans For Canada Launch
Alternative small business lending firm Funding Circle has announced plans to launch in Canada. The company issued a press release Thursday (March...
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4.4KPayment MethodsAlipay Comes To Canada
SnapPay, the Canadian cross-border payments company, and Alipay, the Chinese digital payments platform operated by Ant Financial Services, announced a collaboration Wednesday...
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4.0KInternationalCannabis Fund Profits 50 Pct Since January
The world’s first cannabis exchange traded fund (ETF) has returned more than 50 percent so far this year, growing to $1.3 billion...
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8.4KB2B PaymentsRipple Expands Into Middle East, Canada
Mercury FX, the international currency exchange provider, is reportedly relying on Ripple’s XRP xRapid to open up ten new payment corridors by the...
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14.3KAMLCanada Cannabis Payments Face Their Own Hurdles
Since last year, when Canada legalized recreational pot in full, the nation became a kind of country-sized lab for how that new...
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3.7KRetailCredit Suisse Out $60M After Chinese Boycott Of Canada Goose
Credit Suisse Group AG, a global financial services group, lost about $60 million after shares it held in Canada Goose plummeted in...
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3.3KRetailLegal Canadian Marijuana Sales Top $40M In First Month
One month after Canada legalized marijuana for everyone in the country, Canadians spent C$54 million ($41 million) on the product, according to...
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6.0KPayment MethodsTSYS On Canadians’ Lingering Love For Credit Cards
In Canada, credit cards hold sway, the preferred method of payment across any number of settings. Here’s why paying with credit has...
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4.4KCross Border CommerceXoom Expands Full Suite Of Send Services To Canada
When PayPal acquired global money transfer firm Xoom in 2015, company President and CEO John Kunze noted that becoming part of the larger PayPal organization...
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6.2KInvestmentsMarlboro Sees Opportunity In Canadian Cannabis
Altria Group, the maker of Marlboro cigarettes for the U.S. market, announced that it is acquiring 146.2 million newly-issued shares of Canadian...
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5.3KSecurity & FraudArrested Huawei Exec Accused Of Sanctions Fraud
After a week of waiting, the arrest of a Huawei executive was brought into sharp focus in a Canadian courtroom. On Friday...
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4.5KMobile Payments7-Eleven In Canada To Accept WeChat Pay, Alipay
7-Eleven, the convenience store operator, announced on Monday (Nov. 26) that participating stores in Canada will now accept Chinese mobile payment systems...
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6.1KB2B PaymentsHSBC Digitizes SMB Lending In Canada With Biz2Credit Partnership
HSBC Bank Canada is collaborating with alternative lending firm Biz2Credit to streamline and digitize small business lending in the country. A press...
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4.5KInternationalAdyen Expands Into Canada, Adds Adidas As Client
Adyen, the payments platform company, announced Tuesday (Oct. 30) that it has expanded into Canada and landed four new customers. In a...
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3.3KRetailWalmart Canada Launches Mobile Pickup In 22 More Stores
Walmart Canada announced that it has expanded its mobile pickup service in 22 additional stores. The company plans to expand the feature...
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2.6KInternationalCanada’s Legalized Pot Sales Off To Slow Start With Limited Stores Open
Canada became the first country to legalize recreational use of pot on Wednesday (Oct. 17), but response was tepid – in part...
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5.9KCredit UnionsNEW REPORT: Credit Unions Help Marijuana Businesses Cut Through Financial Haze
When it comes to making financial decisions, businesses and consumers alike need to be well-informed — and in recent weeks, several credit...
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Walmart Canada Eyes Cannabis Industry
Walmart’s Canadian unit might start selling cannabis-based products in the future, although there are no immediate plans in the works. “Walmart Canada...
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4.6KSecurity & FraudCanada’s Largest ISP Suffers Website Glitch
Internet provider Altima Telecom — one of the largest independent Canadian internet service providers, serving Montreal and Toronto — had to repair a...
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4.3KBitcoinBitcoin Daily: $100M Canadian Mining Farm Could Go Dark In A Heat Wave
Medicine Hat, a city in Canada, reportedly has plans in place to shut off the power to the Hut 8 crypto mining should...
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2.7KRidesharingUber Autonomous Unit Invests $150M In Toronto
Uber’s CEO used his first visit to the company’s Canadian tech hub to announce a new engineering hub in Toronto. Dara Khosrowshahi...
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3.5KAuthenticationJumio On Montreal As AI Tech Hub
There are many locales that come to mind in looking toward the next big thing in FinTech, in payments, in AI and...
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4.8KAuthenticationMixing Humans Into The AI-Powered IDV Workflow Loop
In the world of Digital Identity Verification, convergence is when AI-tech and human intelligence converge to keep the cybercrooks at bay, says...
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4.2KRetailWhy Corona’s Parent Company Is Investing In Cannabis
Constellation Brands is not a household name, but the intoxicants it stands behind sure are — Robert Mondavi wine, Corona beer and...
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4.9KInternationalVisa, Mastercard Cut Canadian Interchange Fees
Visa and Mastercard have agreed to cut Canadian credit card transaction fees, which could save smaller businesses (SMBs) C$250 million ($192 million)...
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3.2KRegulationMoney Laundering Runs Rampant On Canadian Border
Law enforcement officials are seeing a rise in money laundering cases in Canada, and some say the country isn’t doing enough to...
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3.2KInnovationPDFs Are No Good — How, And Why, Governments Are Going Digital
For foes of paper cuts, recent news from Hawaii should offer encouragement: A six-month test designed to showcase the appeal of making...
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6.4KStartup Check-Innanopay: Proposed Canadian Payments Act Changes May Spur Innovation
For many companies, 2018 is a year of regulatory change: In Canada, for example, there are proposed changes to the Canadian Payments...
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3.4KB2B PaymentsOnDeck Secures Credit Facilities In Australia And Canada
Alternative small business lending platform OnDeck is expanding financing to businesses in Canada and Australia, the company announced on Wednesday (July 18)....
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3.9KB2B PaymentsCanada Finance Department Assesses Cyberattack Risk
Internal analysis at Canada’s federal Department of Finance is warning of the risk of a cyberattack that could have significant effects on...
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6.1KStartup Check-InEmailage: Prudent Fraud Prevention Is Key To Canadian FinTech Startups
Emailage, the online fraud prevention startup that uses email addresses to assess risk, is expanding its operations in the Canadian market. The...
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10.3KB2B PaymentsCanada’s FinTech Firms Move Posthaste Toward Open Banking
While Open Banking is not exclusive to the European markets, recent PSD2 and Open Banking regulations that came into effect earlier this...
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5.3KPayment MethodsUnionPay Partners With Bank of China To Bring QR Code Payments To Canada
UnionPay International is partnering with Bank of China’s Canadian unit to launch its QR code payment service in Canada. According to a...
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4.6KArtificial IntelligenceRBC To Spend More Than $3B On Advanced Technology
Royal Bank of Canada (RBC) is gearing up to spend $3.2 billion on technology with a focus on artificial intelligence, digital products...
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PayStand Brings Its Blockchain B2B Payments To Canada
PayStand, a B2B payments company powered by blockchain, is launching in Canada. A press release on Tuesday (June 12) said PayStand is...
