If you are a merchant doing business in Canada, there is one word you will hear more than any other: Interac. For U.S.-based businesses expanding north, Interac can be confusing. Is it a bank? A credit card? A tech company? For Canadian businesses, it is simply a way of life.
Interchange fees are a crucial component of the credit and debit card payment system. They serve as a revenue source for card issuing banks which use
Fraud in credit card processing is a significant problem that costs businesses and consumers billions of dollars each year. The exact size of the problem
The use of cash and checks for payments has been steadily declining in recent years with more people choosing to use digital payment options instead.
Credit card processing is becoming more ubiquitous across various industries as cashless payment methods become increasingly popular. However, some industries are adopting credit card processing
Law firms are service providers that operate in a highly competitive and regulated industry. Clients demand excellent service, prompt communication, and secure payment processing. The
Debit cards and credit cards have become the most common way for people to pay for goods and services. Roughly 85% for all transactions are
Level 3 payment processing is a term used in credit card processing that refers to a deeper level of transaction data being transmitted to the
Open banking has the potential to have a significant impact on payments and payment processing. As a quick background, Open banking is a concept that allows
Credit card processing is an essential part of modern business operations. As more customers choose to pay with credit cards, merchants need to understand how
Payment processors in North America include companies that provide businesses with the ability to accept electronic payments from customers in both the United States and
Interac is a Canadian-based interbank network allowing customers to access their funds through ATMs, point-of-sale terminals (POS), and sometimes online shopping. It is a non-profit
The plumbing industry has seen a rise in the use of credit card processing as a means of accepting payments from consumers and businesses (B2B
We are here to help merchants reduce their credit card processing fees. It’s the core mission of Clearly Payments. The payments industry is tough to
Securing a merchant account is a crucial step for businesses that want to accept credit card payments from their customers. The process of getting approved
The number of merchants using hosted payment pages is difficult to estimate accurately, as there are many different payment processors and gateways that offer this
A payment processing partnership is a business relationship between two companies that enables them to offer payment processing services to their customers. Payment processing is
The heating and HVAC industry is one of the essential service providers and is a multi-billion dollar industry. Whether it is to install new equipment
Debit cards have had a steady evolution from the early days of electronic funds transfer to the widely accepted payment method we know today. Debit
When it comes to accepting online payments, businesses have two main options: a merchant account and an aggregator account. Both these options provide the necessary
The 2023 Canada Winter Games is being hosted by Prince Edward Island. From February 18 to March 5, there will be more than 3,600 athletes,
Online payment processing companies are businesses that facilitate electronic payments for goods and services over the internet. This can be with computers, laptops, mobile phones,