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… connected with Dan Kelly, President and Chief Executive Officer of Canadian Federation of Independent Business … cent reduction in cash use and a 19 per cent reduction in cheque use. There is also a need to support the increase in … this need for payment information was highlighted by the government’s emergency funding support programs as many of …

… new data on Canadian payment trends since the onset of COVID-19, showing that Canadians continue to spend less … follow-up to the May 2020 study conducted during week five of the pandemic. The new data indicates that a number of … online/mobile banking; and a decline in the use of cash and cheques. Canadians report mixed sentiment around the …

… Electronic payments account for 73 per cent of all transaction volume versus cash at 21 per cent, … Canadian Payment Methods and Trends report.  In pursuit of more convenient, faster and secure payment experiences, … volume , while electronic funds transfers (EFT) and cheque and paper transactions dominate the transaction …

… Cathy Vigrass, Head of Canada at Square , recently sat down with Payments Canada … their businesses. We also talked about the potential impact of real-time payments on sellers and others in the financial … Canadian small businesses truly desire to ditch cash and cheques in favour of new payment methods. From Payments …

… the COVID-19 pandemic has led to an increase in the number of Canadians who participate in short-term contracts or … increased footprint include the prevailing economic impact of the pandemic, with a general decline in real output … as direct deposit, which is fast, secure and convenient), cheques and Interac e-transfer continue to be preferred by …

… with new technology and demographics driving much of this change. From the use of automatic and invisible payments to the popularity of …   Three-in-five (61%) have used their phone to deposit a cheque (compared to 38% average).   Nearly two-thirds (64%) …