Maintained to reflect market changes, statistics, network rules, pricing structures, and prevailing cost dynamics.
More than $850 billion flowed through Canadian credit cards in 2025. That works out to approximately $2.3 billion every day, $97 million every hour, and more than $26,000 every second. Whether it’s tapping a phone for a morning coffee, paying for groceries, booking a vacation, or subscribing to a streaming
Contactless payments have rapidly grown in the United States, evolving from a niche technology to a mainstream payment method. As consumers increasingly prioritize convenience and
Central Bank Digital Currencies (CBDCs) have received attention in recent years as central banks worldwide explore the potential to evolve the way we conduct financial
Debit payments, peer-to-peer (P2P) money transfers, and digital cash have been evolving at a good pace over the past 10 years. This has been changing
In 2024, payment processing is more complex and competitive than ever. With the global economy’s increasing digitization, the demand for efficient, cost-effective payment processing solutions
American Express, the 3rd largest credit card network in the US market, has over 133 million active cards worldwide and an average spend of $23,500
Interchange rates, also known as interchange fees, are the charges paid between banks for the acceptance of card-based transactions. These fees are a critical component
Consumer payment data has become a valuable asset for businesses. Consumer data, primarily gathered from credit card transactions, offers information that can help businesses enhance
Fraud in payment processing poses a threat to businesses across various industries. Each industry faces unique challenges and vulnerabilities. This article covers the fraud risks
Many merchants unknowingly pay more than necessary in payment processing. This overpayment impacts a business’s profitability and growth. This article covers the reasons for overpayment,
Interchange fees, also known as swipe fees, are charges that merchants pay every time a customer uses a credit or debit card to make a
Embedded payments is about integrating payment processing capabilities directly into software applications, websites, and services to provide a seamless and customizable user experience. As a
Winning chargeback disputes is important for merchants because chargebacks take time to deal with and lead to financial losses and increased processing fees. Here’s a
Chargeback disputes represent a growing challenge for merchants and financial institutions. Originating as a consumer protection mechanism, chargebacks were designed to ensure customers could dispute
Any modern payment gateway has a robust set of APIs (Application Programming Interfaces), along with clear documentation. These APIs allow mobile apps, websites, software platforms,
Security is a top priority in payment processing. Tokenization is widely used in payments, particularly with the growth of online payments. There are two primary
In 2024, Canada has millions of businesses operating across the country. This article provides an overview of the number of businesses in Canada and various
In 2024, the United States continues to be a hub of business activity with millions of businesses operating across the country. This article is an
In payment processing, tiered pricing is one of the most common pricing models used for fees by payment processors. However, it is generally the pricing
Fees and rates in payment processing are complex. There are hundreds of possible different types of fees. A “monthly minimum fee” comes up frequently for
I hate hidden fees. I hate a lack of transparency in any business dealings. However, hidden fees exist, especially in payment processing. These fees sneak
There have been long debates on the pros and cons of credit cards in today’s society. Credit cards are double-edged swords. They offer convenience, rewards programs,