Nearly two years after the government requested Visa and MasterCard lower their interchange fees, federal finance Minister Bill Morneau has announced that the government will step in to assess the situation.
Credit vs debit cards – which should you use at the till? Spending power aside, there are a few key differences. Here’s what shoppers should know.
Why is Apple Pay Canada only available via American Express cards? That the tech giant might be tangled with Canada’s big banks over interchange fees is a potential theory. Here are the details on the long-awaited payment app’s launch, and when Visa and MasterCard customers may get in on the action.
Why isn’t Apple Pay in Canada yet? 3rd-party payment apps, including Android and Samsung Pay, may be blocked by Canadian banks’ fee regulations. Get the full story.
When it comes to their banking needs, Canadians are less satisfied than they were a year ago, finds the 10th annual J.D. Power Canadian Retail Banking Customer Satisfaction Study. The top culprits: hidden fees and a decline in services.
Services like Plastiq and Rentmoola allow you to pay bills – and even rent – with your credit card. But should you? We break down the pros and cons of paying for more with your plastic.
When it comes to managing your money, you want the pros you work with to have your best interest at heart. Here’s how to be a smart consumer, whether you’re house hunting, shopping for a credit card, or paying with new technology.
Credit card interchange fee caps come into effect this month, meaning merchants will pay less to the banks to process every purchase made with plastic. It’s supposed to be a move that will benefit both consumers and business owners – but will it really? We look to examples set in other countries where fees have been capped.
There could be changes to Canada’s financial landscape and products this year. Read on to see how credit cards and mortgages could be changing – and get caught up on the week’s top headlines.
The cuts to credit card interchange fees for merchants will go into effect this April – but will this hit to banks’ revenues result in your credit card rewards being slashed? Read on for our break down of what consumers can expect.