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...
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...
A local hotel had purchased a Property Management system was trying to get it integrated with a recommended Processor but after several months it still wasn’t working. We were able to find another Processor who was able to integrate with the system and were able...
While negotiating a new processing contract for a client we discovered that the Property Management System was not able to store pre-authorizatons. The Payment Processor agreed to provide their “Vault” for this purpose. We realized that this Processor charged a monthly fee for storing information....
A retail company with several outlets was referred to us by another happy client. We were able to find a new processor a 60% savings in fees totaling $105,000 in the first year. We also avoided cancellation fees which the original processor calculated on “Liquidate...