Payments Market Overview, Size, and Growth

Payments Market, Size, and Growth

You cannot talk about payments without talking about digital payments. Cash and checks are declining in use while digital payment forms are skyrocketing. The number of checks being written is dropping by 1.8 billion a year, and at that rate, checks would go away entirely by 2026. Checks may stay a little longer than that, […]

The Future of Payments and Trends in 2023

The future of payments and trends in 2023

The future of payments will continue to be driven by advances in technology, changes in consumer behaviour with the desire for convenience, and the increasing need for security.  The future of payments will involve a greater emphasis on digital and mobile payments, as well as the continued development of peer to peer technologies. Also, Contactless payments, […]

How Interchange Rates Work in Payments

How Interchange Rates Work in Payment Processing

Interchange fees, also known as swipe fees, are charges that merchants pay when a customer uses a credit card to make a purchase. Sometime interchange rates also apply to debit cards, in particular Visa Debit Cards. Interchange fees are primarily a percentage of the total transaction amount and they are paid to the issuing bank of the […]

What is an issuing bank in payments?

What is an issuing bank in payments?

An issuing bank is a financial institution that issues credit cards or other types of payment cards to consumers. These institutions are responsible for maintaining the account, processing transactions, and providing customer service for cardholders. They also set credit limits and interest rates for cardholders, and may charge fees for certain types of transactions or for […]

Clearly Payments Expands to USA for Credit Card Processing

Clearly Payments Launches in USA for Credit Card Processing

VANCOUVER, BRITISH COLUMBIA, CANADA, January 26, 2023 — Clearly Payments, a leading payment processor in Canada, is excited to announce its expansion into the United States market. Clearly Payments was founded in 2018 with a mission to lower the cost of payment processing for all merchants. Clearly Payments has been talking to thousands of merchants over the […]

Should my business accept American Express?

Should my business accept American Express

As a business owner, one of the most important decisions you’ll make is which forms of payments to accept. American Express (AMEX) has over 100 million credit cards in circulation and is a widely recognized and accepted credit card, but is it the right choice for your business?  In this article, we’ll explore the benefits […]

What Open Banking Means to Canada

What Open Banking Means to Canada

What is open banking? Open Banking is a financial technology (fintech) trend that allows customers to share their financial data with third-party providers, such as fintech companies, in a secure and regulated way. This allows customers to access a wide range of financial products and services, such as loans, savings accounts, and investment options, from […]

The Best Debit Machines in Canada

The best debit machines in Canada and USA

Payment machines, also known as payment terminals, have been around since about 1960. Before they were actual machines, they were card imprinters and then they moved to magnetic stripes in the 1970s. They’ve evolved significantly over the past 60+ years and have become very common and reliable for payments. Payment machines now accept debit, credit […]

Payments Partnership Launched with Provincial Credit Union and Clearly Payments

Payments Partnership Launched with Provincial Credit Union and Clearly Payments

VANCOUVER, BRITISH COLUMBIA, CANADA, January 16, 2023 — Provincial Credit Union, the leading credit union in Atlantic Canada, and Clearly Payments, an award-winning payment processor based in Canada, today announced a partnership to offer credit card processing and other merchant services to credit union members. The partnership between the two institutions will offer innovative payment […]

Clover Point-of-Sale System Now Available

Clearly Payments offers Clover point-of-sale system

Clover is a point-of-sale (POS) software and hardware system that allows small to mid-sized retail, restaurant, and service-based businesses to take in-person payments. Clover POS software is simple, customizable, and easy to set up. Clearly Payments now offers Clover in Canada and USA.  What You Get With Clover Clover is a complete point-of-sale system to […]