Finance Archives - Page 3

Canadian banks, TMX, use open source blockchain pilot to process security settlements instantly

An ongoing pilot project is continuing to transform the Canadian financial infrastructure and recently proved that blockchain can instantly settle both cash and security settlements. The Bank of Canada, Payments Canada, TMX Group

Published on: May 29th, 2018 Alex Coop

Visa and PayPal become better pals in Canada

Visa and PayPal are expanding their partnership in Canada to allow customers more ways to move money between accounts, and could lead to PayPal providing payments at physical locations. PayPal users that hold

Published on: May 9th, 2018 Brian Jackson

Visa Direct payments service expanded in Canada

Visa is making sure that the days of paper cheques are numbered in Canada by expanding its Visa Direct push payments platform north of the border. Visa says its real-time service to send

Published on: May 8th, 2018 Brian Jackson

AI’s predictive, transparency and IoT capabilities on bank executives’ minds, according to Accenture

Canadian banks have been using AI to automate repetitive, manual tasks, such as AML transaction monitoring and credit card fraud detection for more than a decade, but a new report suggests executives are

Published on: May 4th, 2018 Alex Coop

Now RBC customers can use Samsung Pay too

The list of banks whose customers can use their Samsung device instead of a credit card to make a purchase just became a bit longer. On Tuesday, Samsung Electronics Canada Inc. announced that

Published on: April 20th, 2018 Eric Emin Wood

Mastercard calls for industry support of online shopping tech standards

Mastercard is calling on its merchants, acquirers, issuers, and other technology players to join the company in supporting a new framework from EMVCo that was revealed last year called Secure Remote Commerce (SRC).

Published on: April 18th, 2018 Alex Radu

SAS announces fraud and security intelligence division

DENVER - SAS Institute is no stranger to fraud, and after many years of experience in the space, the company is creating a dedicated fraud division called the fraud and security intelligence division.

Published on: April 11th, 2018 Alex Radu

Hashtag Trending – Paypal going after traditional banks, Facebook’s continued problems, China’s dystopian ranking system

PayPal is moving closer to “mainstream banking”, Facebook suspends another data analytics firm for using tactics like Cambridge Analytica, and China is testing a social credit ranking system straight out of a Black

Published on: April 10th, 2018 Mandy Kovacs

Wallet Card creator on disrupting the payment sector without changing its infrastructure

Here at ITBusiness.ca, we’re used to profiling startups founded by engineers, programmers, or serial entrepreneurs, but Dynamics Inc. CEO and Wallet Card creator Jeff Mullen was simply a patent attorney, a profession that

Published on: March 27th, 2018 Eric Emin Wood

Bitcoin-based tax fraud ramping up in Canada, expert says

Fraud campaigns during tax season are nothing new, but according to the VP and country manager for Symantec Canada, it’s at an “all-time peak” in Canada, and fraudsters have fallen in love with

Published on: March 23rd, 2018 Alex Coop

In today’s world, integrating marketing with other business functions is key, says TD CMO

TORONTO - When asked if there’s more overlap with other departments in today’s world of marketing, Theresa McLaughlin’s response was a resounding yes. “There’s no question,” TD Bank Group’s chief marketing officer said

Published on: March 13th, 2018 Alex Coop

BMO taking over Sears’ former Eaton Centre headquarters with new ‘tech campus’

BMO Financial Group is gobbling up 350,000 square-feet of commercial space in downtown Toronto to build a new "tech campus." The campus, which will repurpose bankrupt retail giant Sears' former headquarters at the

Published on: March 1st, 2018 Alex Coop

Toronto-based firm partners with Mastercard on self-service ‘insurance cloud’

BARCELONA - A Toronto-based fintech startup has its eyes set on the $30 billion of insurance payouts made in Canada every year, with a cloud-based self-service hub backed by a partnership with Mastercard.

Published on: March 1st, 2018 Brian Jackson

2018 budget “misses the mark”: a comprehensive analysis of the Liberals’ tech initiatives

The 2018 Canadian budget has been unveiled, and while there are plenty of tech-related initiatives, many in the industry are feeling let down. The government has gone all in on cybersecurity, big data,

Published on: February 28th, 2018 Mandy Kovacs

Interac e-Transfer transactions jumped more than 50 per cent in 2017

Canadians used the Interac e-Transfer service in record numbers last year, especially on mobile devices, according to the company behind the popular platform. More than 241 million transactions, worth a total of more

Published on: February 27th, 2018 Alex Coop