Scotiabank news and trends

Scotiabank Launches Scotia TranXact™
Digital Banking // August 09, 2022

Canada’s Scotiabank has debuted a new digital payments platform for business banking clients, which it has titled Scotia TranXactTM, a press release said. This will give the business banking clients real-time payments, request-to-pay and account information services through APIs. Scotia TranXactTM will reportedly integrate directly...

Scotiabank Launches Preset Payments For Credit Card Expenses
Credit Cards // August 04, 2021

Scotiabank is introducing a new product, Scotia SelectPay, that gives customers the power to turn their credit card balances into preset monthly installments. Headquartered in Toronto, Canada, the legacy banking institution is offering its Visa credit card users the ability to extend payments over time...

Visa Canada’s Installment Option Builds BNPL Into Every Consumer Credit Card
VISA // June 25, 2021

“Consumers want flexibility in terms of how they want to pay,” Visa Canada Vice President and Head of Product and Digital Brian Weiner told Karen Webster. “They don’t want to take on more debt, and they want to have flexibility in how they manage their...

Visa Installment Options To Roll Out In Canada With Scotiabank, CIBC
VISA // June 24, 2021

Visa Canada plans to help two Canadian banks provide installment payment options to card holders. Scotiabank is the first Canadian issuer to announce that it will harness Visa’s Installments functionality to provide greater choice to credit card customers in terms on how they pay for...

Interviews & Exclusives
Visa Canada’s Installment Option Builds BNPL Into Every Consumer Credit Card

June 25, 2021
“Consumers want flexibility in terms of how they want to pay,” Visa Canada Vice President and Head of Product and Digital Brian Weiner told Karen Webster. “They don’t want to take on more debt, and they want to have flexibility in how they manage their cash flow.” The conversation followed the news this week that […]

Quick Reads
Scotiabank Names Travis Machen to Head Global Markets Unit

April 30, 2024
Canada’s Scotiabank has a new CEO for its global banking and markets (GBM) business. Travis Machen, who joins the bank from Morgan Stanley, is set to take on his new position on May 6, Scotiabank announced in a Monday (April 29) news release. “In this role, Mr. Machen will be responsible for leading the execution of a global banking […]

Scotiabank Launches Scotia TranXact™

August 09, 2022
Canada’s Scotiabank has debuted a new digital payments platform for business banking clients, which it has titled Scotia TranXactTM, a press release said. This will give the business banking clients...

Scotiabank Launches Preset Payments For Credit Card Expenses

August 04, 2021
Scotiabank is introducing a new product, Scotia SelectPay, that gives customers the power to turn their credit card balances into preset monthly installments. Headquartered in Toronto, Canada, the legacy banking...

Visa Installment Options To Roll Out In Canada With Scotiabank, CIBC

June 24, 2021
Visa Canada plans to help two Canadian banks provide installment payment options to card holders. Scotiabank is the first Canadian issuer to announce that it will harness Visa’s Installments functionality...