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… report released today shows that cash and other paper transactions, such as cheques, are still leading, but in … In 2015, the payments market in Canada grew to 20.9 billion transactions, worth more than $8.9 trillion. Consumer … payments grew by 70 per cent in both volume and value of transactions. Cash continues to account for the most …
… processors and acquirers, can theoretically be bypassed and transactions can occur directly between an NFC-enabled card … of respondents had used their phone to make a contactless transaction , an underwhelming increase from 5% the year … app purchases being charged a higher Card-Not-Present processing and interchange fee. …
… on issues such as remittance information, straight-through processing, and automated reconciliation are recognized, …
… with a third identifying ease of use (34%) and cross-border transactions (33%) as main advantages compared to … and cited lack of consumer adoption as the cause of low transaction volumes. Further growth in use will need to be …