Merchant Account Services in Canada

Marc Bourreau and Marianne Verdier have published a paper titled “Cooperation for Innovation in Payment Systems: The Case of Mobile Payments”. From the abstract: In this paper, we study the development of mobile payments as an innovation in developed countries. In particular, we introduce five cooperation models that have emerged or could emerge between banks, [...]

See Erick Schonfeld’s TechCrunch article “Square Turns Your iPad Into A Cash Register” about Square’s new application for the Apple iPad – free in the iTunes Store. From the application description: Quickly and securely accept payments for your business, service, charity, or even your couch. Generate email and SMS receipts for cash and card payments, [...]

eBay® for iPadTM Transforms Online Shopping Experience InternetRetailer.com: More Ways to Pay (Alternative Payments) Alliance Bank Signs Referral Partnership Agreement With First American Payment Systems Herald Sun (Australia): Woolworths reduces Visa Debit card use FOXBusiness.com: Consumers to Fed: Stop debit card overdraft opt-in ‘scare’ tactics BusinessWeek: Maine lawmakers OK bill barring debit surcharges Taiwantrade Announces [...]

I found this press release yesterday and it just proves again that we are getting closer and closer to payment processing moving towards being conducted on our mobile devices. “MasterCard Canada, in partnership with Citi Cards Canada and Bell Mobility, has completed the first near-field communications (NFC) trial of Mobile PayPass(TM) in Canada. This was [...]

“By all measures, 2009 was a terrible year for our credit card business” – so begins Jamie Dimon’s discussion of JP Morgan Chase’s Card Services business unit – as Dimon writes in his annual letter to shareholders. The unit lost $2.2 billion in 2009 with an additional impact coming this year resulting from the recent [...]

In our current economic times a small business needs to have a certain ability of resourcefulness to enable survival. With loan default rates higher than they have ever been, banks and our traditional lending institutions are not lending money to the entrepreneurs who need it the most. So what does a small [...] Source: Merchant [...]

Are you getting an Apple iPad this weekend? We are! Right out of the box, Payments News should look great on the iPad in the Safari browser viewed in landscape mode. We’re looking forward to holding Payments News “in our hands”! We’ll be enhancing Payments News even more for our new iPad-equipped readers! – stay [...]

VeriFone Holdings has announced that Chase Paymentech has been selected as the preferred provider of new merchant accounts for buyers of VeriFone’s PAYware Mobile iPhone card payment solution sold through Apple Retail Stores and the Apple Store online beginning April 6. Chase Paymentech, a subsidiary of JPMorgan Chase, is a global leader in payment processing [...]

Here’s an oldie but goodie from the Payments News archives – April 1, 2005 – five years ago – PayPerPal! Enjoy! Source: Welcome to April – PayPerPal!

Chase Paymentech and Aria Systems have announced an agreement to “offer merchants a solution that combines Aria’s SaaS based billing platform with the security, reliability, and broad currency support of Chase Paymentech.” Chase Paymentech is a leader in global payments processing, authorizing transactions in more than 130 currencies, which has helped the company capture a [...]