Some day, Canadians will have the option to wave their smartphones over a cash register and be on their merry way, instead of swiping and punching into a credit or debit card terminal or fumbling for wayward coins and cash.
When that happens, it won’t likely be the pioneers of Internet payments such as PayPal providing consumers with mobile payment options, analysts say, but rather a group of old-timers — the country’s biggest banks and telecom companies.
Another financial institution entered the lucrative mobile payment fray Wednesday as Canada’s largest bank teamed up with Interac to demonstrate touch-free debit transactions for smartphones.
With a fast-payment-for-fast-food flourish, Royal Bank of Canada showed off its new Interac application at a McDonald’s restaurant in Toronto using BlackBerry smartphones.
T-Mobile introduced its "Jump" program today, which will let you upgrade your phone twice a year for any reason at the cost of $10 per month. Should you spring for it? Let's look at the math. T-Mobile has different pricing for each of it's smartphones, but we'll use an iPhone a an example.
A federal consumer watchdog says some credit and debit card payment companies are breaking rules it created to protect retailers, which in turn could be costing Canadians more money.
The Financial Consumer Agency of Canada issued a warning to the industry on Wednesday that it will not tolerate payment companies who mislead merchants into paying hidden fees or lock them into confusing contracts.
Barclaycard has launched two new payment terminals to its Global Payment Acceptance product range, one using Internet Protocol (IP) and the other using GPRS technology. The new IP offering will help speed up transactions at retail stores across the UK, reducing the average time taken to process a payment to 15 seconds. More than one [...]