Since mid-March, first-time users of Interac’s e-Transfer service have increased by 43% and the average number of transactions has increased by 9% compared to the same time last year, the Canadian domestic debit card network provider has revealed... More
Android Pay has begun rolling out across Canada with support for eligible Visa and Mastercard credit cards from BMO Bank of Montreal, CIBC, Banque Nationale, Scotiabank, Desjardins, President’s Choice Financial, ATB Financial and Canadian Tire Financial Services as well as prepaid Scotiabank and Desjardins cards... More
Customers of four Canadian credit unions will be able to make host card emulation (HCE) based mobile payments at Interac Flash contactless terminals across the country from this spring... More
Canadian debit network Interac has unveiled its own token generation and management service that will enable financial institutions, merchants and its partners to build and manage secure digital payment experiences with support for tokenized digital debit transactions on any device or mobile wallet... More
The number of contactless transactions conducted in Canada has increased by almost 150% over the past year, fuelled in part by the rapid roll-out of Interac Flash cards, research from Technology Strategies International shows. “The mobile payments landscape in Canada will change dramatically within the next five years, with about two thirds of the smartphones in Canada having NFC capability by 2019,” the company adds... More
Royal Bank of Canada (RBC) has added support for host card emulation (HCE) to its RBC mobile app, “allowing Canadians to pay with most Android mobile phones without worrying about being on the right mobile network or having the right SIM card.”... More
Royal Bank of Canada has introduced an NFC mobile payments service that stores customers’ card details in the cloud... More
RBC Royal Bank and Scotiabank both plan to make the new mobile payments service available to their customers later this year — and RBC has announced it will now make all Interac Flash contactless payments available free of charge to its account holders. More