TORONTO — MasterCard Canada plans to follow Visa’s lead and increase transaction fees for small merchants this summer, according to the Canadian Federation of Independent Business. The CFIB said Friday that the credit card company has disclosed that it plans a 20% increase in its assessment fee to 7.7 basis points on July 1. President [...]
Canadian retail organizations are urging Ottawa to create a stronger code of conduct for the credit card industry that would ensure merchants aren’t stuck with transaction costs when they accept Visa and MasterCard. The Canadian Federation of Independent Business said Tuesday that it is calling for new rules that give merchants more flexibility in what [...]
Credit Cards and Tricks From People That Know Credit Cards No one knows more about your own patterns and spending habits than you do. How credit cards affect you is a very personal thing. This article will try to shine a light on credit cards and how you can make the best decisions for yourself, [...]
MasterCard ‘readiness index’ has Canada ranked at #2 right behind Singapore. This makes sense and the link has a lot of other info and countries listed. Read more about it
New campaign tries to steal share from Visa’s grasp It has outlived the slogans of other global brands such as McDonald’s and Coca-Cola. Now, MasterCard’s 14-year-old “Priceless” positioning is serving as the springboard for yet another global marketing venture. MasterCard Canada last week unveiled “Priceless Toronto,” part of a worldwide initiative called “Priceless Cities” that [...]
Emily Steel / Wall Street Journal: Using Credit Cards to Target Web Ads — The two largest credit-card networks, Visa Inc. and MasterCard Inc. are pushing into a new business: The two largest credit-card networks, Visa Inc. and MasterCard Inc., are pushing into a new business: using what they know about people’s credit-card purchases for [...]
Great article from the Financial Post. Dan Kelly Oct 3, 2011 – 10:15 AM ET | Last Updated: Oct 3, 2011 10:17 AM ET Walk through an airport or watch your favourite televsion show and you’ll undoubtedly come across ads and offers for credit cards promising points toward a dream vacation, cash back or extra [...]
Credit card issuers target the big spenders GRANT ROBERTSON — BANKING REPORTER From Friday’s Globe and Mail Published Thursday, Mar. 17, 2011 7:24PM EDT Last updated Friday, Mar. 18, 2011 6:58AM EDT Canada is seeing a boom in premium credit cards as issuers battle for an exclusive brand of customer likely to keep on spending despite the [...]
A small business lobby unveiled a campaign Thursday to get Canadian consumers to use debit cards or cash as a protest against what merchants say are too-high credit card merchant fees. The Canadian Federation of Independent Business is giving its 108,000 member businesses signs to be placed at cash registers and tables across the country [...]
Moneris Solutions, the country’s largest payment processor, is being investigated by the Financial Consumer Agency of Canada over a possible violation of Ottawa’s new code of conduct for the payments industry. Finance Minister Jim Flaherty has instructed the FCAC to expedite its probe and is again raising the prospect that he will bring down tougher, [...]
