Articles

Ready for take-off: Mobile payments in a post-COVID Canada

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By Everlink Payments Services & PayTechs of Canada Member, October 2020: The year 2020 will go down as a year to remember, but not necessarily for the good things. The measures put in place to control the COVID-19 pandemic have wreaked havoc on the economy and have had a major impact on the confidence, income, and expenditure of Canadians.

Access delayed is access denied

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Have you ever wondered how our payments system could be improved to service our individual lives better? Wonder no more, and simply look at the new emerging payment-related services available across Europe, Asia, Australia and Africa. Whether seeking financial advice, budget services or integrated inventory controls, the options abound.

Sponsorship: Fast track access for Canadian PayTech

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By Doug Kreviazuk, Executive Director, PayTechs of Canada: For PayTechs operating in Canada, the business challenges surrounding gaining direct access to the national payments system seem to be significantly greater than those in many other national jurisdictions, resulting in adverse consequences for Canadians.

Insight into Payments Canada and new CEO, Tracey Black – (Part II)

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By Doug Kreviazuk, Executive Director, PayTechs of Canada. Recently, I had the opportunity to pose a series of questions to the new CEO for Payments Canada, Tracey Black.

Insight into Payments Canada and new CEO, Tracey Black – (Part I)

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By Doug Kreviazuk, Executive Director, PayTechs of Canada. Recently, I had the opportunity to pose a series of important questions to the new CEO for Payments Canada, Tracey Black.

New Minister of Finance: payments system opportunities

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On August 20, 2020, Chrystia Freeland was sworn in as Canada’s newest Finance Minister, shortly after the resignation of Bill Morneau. Clearly, this is a change to one of Canada’s most powerful and influential cabinet postings and it is occurring during a global pandemic with significant health and economic consequences.

Canada: a bystander to the payments evolution

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By Doug Kreviazuk, Executive Director, PayTechs of Canada. The discussion of modernizing Canada’s legal framework and introducing wholesale improvements to Canada’s payments infrastructure have been ongoing for over a decade. Now, the future of Canada’s payment infrastructure and supporting policy is at a critical crossroads.

The Wirecard scandal: unintended impact on PayTechs

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By Alessandro Laval, Business Analyst, Apaylo Finance Inc. – In the last few months, the payments industry, or more specifically the FinTech sector, has come under increased scrutiny as a result of the operations and recent activities of one PayTech firm: Wirecard.

Interview with Nick Catino, TransferWise

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By: Doug Kreviazuk, Executive Director, PayTechs of Canada – In April, 2018, TransferWise became the first payments service provider to become a member of the UK’s Faster Payments Scheme and directly connect to the system.

UK real-time payments: lessons learned for Canada

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By: Cynthia Rudge, DGEN – In 2008, the UK was one of the first countries to implement real-time payments (Faster Payments Scheme -FPS). The founding members consisted of nine banks and one building society.