Maintained to reflect market changes, statistics, network rules, pricing structures, and prevailing cost dynamics.
Key Takeaways Merchant churn can vary by more than 5x depending on vertical, with professional services below 10% annual logo churn while high-risk ecommerce categories are 50% Restaurants frequently experience 25% to 45% annual logo churn, driven by business failures, POS migrations, ownership turnover, and embedded payment switching Ecommerce portfolios
Every time a consumer taps their phone, swipes a card, or clicks “buy now,” they trigger one of the world’s most complex financial systems. Payments
The payment processing industry is the engine of global commerce. In 2025, the sector is projected to generate between $60 billion and $140 billion in
When a customer pays by credit card, the money does not instantly appear in the merchant’s bank account. Instead, transactions must go through several steps
Credit cards are one of the most widely used payment methods in North America. For consumers, they provide convenience, security, and rewards. For merchants, they
In 2025, merchants are projected to lose over $120 billion globally to credit card processing fees and chargebacks, yet 70% of businesses overpay due to
Credit card fraud is not just the work of isolated criminals. Today, much of it is driven by organized fraud rings, sophisticated groups that treat
Chargebacks are one of the most expensive challenges in payments. They don’t just mean lost revenue; they also come with fees, operational costs, and potential
If you run a business that accepts payments online, the way your checkout works can determine whether a sale is completed or lost. Customers expect
For Canadian merchants, payment compliance has become a cornerstone of doing business in 2025. As digital payments grow and fraud attempts increase, regulators are tightening
The Payment Card Industry Data Security Standard (PCI DSS) has always been the backbone of protecting cardholder data. With the release of PCI DSS v4.0
In payments, staying compliant isn’t optional; it’s a core part of running a sustainable business. For U.S. merchants, the rules around payment security, fraud prevention,
In 2024, Canadians reported over CAD $638 million in fraud losses, according to the Canadian Anti-Fraud Centre (CAFC). Credit card and payment fraud remain major
In 2024, U.S. consumers suffered over $12.5 billion in fraud losses, a 25% increase from 2023. Credit‑card fraud remained the most prevalent form of identity theft,
In 2025, the United States remains the world’s largest credit card market, with more than 631 million active credit card accounts and total revolving credit
In 2025, Canada continues to be one of the most credit-active countries in the world, with an extremely high penetration of credit cards among its
In 2025, staying compliant with payment rules is essential for businesses of every size. Card networks like Visa and Mastercard are enforcing stricter standards, regulators
While the majority of Canadian businesses operate in straightforward industries like retail, services, and hospitality, a growing segment exists in the shadows of the payments
In 2025, the payments landscape is evolving faster than ever, driven by innovations that directly impact merchants’ bottom lines. Global digital payment volume is expected
Law firms handle sensitive client funds, including retainers, settlements, and real estate closings. Managing these funds properly is not just good business practice, it is
Economic growth and the payments industry are closely connected. When the economy grows, people and businesses spend more, fueling transaction volume and, in turn, payment
The United States is home to one of the most diverse and dynamic economies in the world, powered by over 33 million businesses across a