Processors and POS/PMS suppliers are working towards integrating ownership of all 3 segments necessary to make a system fully integrated. This means the system not only handles inventory but checkout scanning and payment authorization. Fully Integrated POS/PMS program handles inventory, scanning, reservations and many other addons...
Effective date:November 1, 2026 Description: Interac will increase its Interac Switch (Assessment) Fee and Mobile Service Fee Effective date: October 19, 2026 Description: Mastercard will introduce the Acquirer Network Access and Brand Usage (NABU) Fee. The existing Acquirer Clearing Fee will be retired. Effective date: October 24, 2026 (transactions submitted for...
One of the most common scams is merchandise ordered online or by phone to be shipped to the customer. This can be very dangerous if paid by credit card or a MasterCard or Visa Debit card. If you do accept payments this way you should...
Credit card fees are increased depending upon how the transaction is achieved. Transactions where the card is present and tapped or inserted into the terminal or for "recurring" transactions setup online through the Processor are “Card Present”. Transactions taken by phone, typed into a terminal...
Did you know that by default you sign a personal guarantee when you sign an application to accept debit and credit cards. That means you personally guarantee that you will pay any costs related to business losses due to a breach of customer information or...
Canadian businesses are fortunate to have Interac Debit for in-person, card-present transactions. Yet some businesses continue to process transactions by manually entering credit card numbers—even when there may be a less expensive and more secure alternative. Here’s a real-world example: If you could sell your products or...
Canadian businesses are fortunate to have Interac Debit for in-person, card-present transactions. Yet some businesses continue to process transactions by manually entering credit card numbers—even when there may be a less expensive and more secure alternative. Here’s a real-world example: A business we are currently working with...
When a merchant signs a credit or debit card processing agreement, they also sign a Pre-Authorized Debit (PAD) agreement that allows the processor to deposit and withdraw funds from the business bank account. What many business owners don’t realize is that ending the processing contract does...
If you could sell your products or services without your customers knowing exactly what you paid for them, you could price more strategically and potentially improve your bottom line. Payment processing is similar—but the fees are often hidden in complexity. There can be hundreds of different...