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Canadian small businesses face continued struggles from pandemic headwinds – including adverse impact on sales (by 37% of businesses) and managing margins and profit (33%), reveals new Payments Canada study
… in fraudulent activity since the onset of the pandemic directed through different channels, including: Text … (25 per cent) Despite the increase in fraudulent activity directed at businesses, 51 per cent of businesses say that … systems include debit card payments, pre-authorized debits, direct deposits, bill payments, wire payments and cheques …
Lynx: Canada’s new high-value payment system
… visit financialit.net . An interview with Mike Hoganson, Director, Lynx, at Payments Canada Financial IT: Mike, could … a member of SWIFT. There are some institutions that are not directly involved with Lynx but access the system via institutions that are directly involved. There are also new APIs, which provide …
Q2 Delivery Roadmap update
… Peoples Trust Company joined the ACSS as the first new Direct Clearer since the system launched in 1984. A historic … to regulatory changes that removed a volume requirement for direct participation. Now less than a year away from … Canadians. We ended the quarter by welcoming two new board directors : Sean Goldrick from Wells Fargo and Jennifer …
One in five Canadian businesses experienced payment fraud in the past six months
… noticed an increase in fraudulent or suspicious activity directed through email. 65 per cent would be willing to take … increase in fraudulent, cybercrime or suspicious activity directed at them through email over the last 12 months. Businesses also noticed an increase in activity directed at them via their smartphone (42 per cent), social …
One in five Canadian businesses experienced payment fraud in the past six months – despite 63 per cent who feel confident in protecting their business against scams
… noticed an increase in fraudulent or suspicious activity directed through email. 65 per cent would be willing to take … increase in fraudulent, cybercrime or suspicious activity directed at them through email over the last 12 months. Businesses also noticed an increase in activity directed at them via their smartphone (42 per cent), social …