Visa, MasterCard to cut credit card interchange fees in Canada

Visa Inc. and Mastercard Inc. have voluntarily agreed to cut the fees they charge to retailers for credit transactions, the Canadian government said on Tuesday, adding it now sees no need to regulate fees set by credit card networks. The Canadian government said the deal, which sources last week confirmed was in the works, should[…]

MasterCard to hike fees for small businesses: CFIB

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[…]

Retail groups want right to refuse premium credit cards

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

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 makes Toronto priceless

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[…]

Using Credit Cards to Target Web Ads (Emily Steel/Wall Street Journal)

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[…]