Ecommerce sales somehow keep growing. Statistics from Mastercard's latest SpendingPulse report indicate that the upward trajectory continues to flatten but is still heading skyward. The report has sales increasing 11% in the Nov. 1 to Dec. 24 period year-over-year. The same period in 2019 had eCommerce...
To help buy now, pay later lenders better manage the risk associated with each applicant, Equifax Inc. announced that it will begin including in consumer credit reports starting in January. This comes on the heels of reports of elevated default rates for the vertical. In two...
This year's Burnaby Board of Trade Christmas lunch was a lot of fun. I'd like to thank North Road Business Improvement Association Treasurer Racheal Wong 黄秀慧 (front left in green) for inviting me to this terrific event. I really enjoyed meeting everyone. #christmasevent #northroadbia #businessconnections...
Looks like we're in for record breaking gift card sales to close out the year. A recent survey of 11,000 consumers came back showing that Canadians plan on allocating 37% of their holiday budgets for gift-cards. Why the surge? Respondents site concerns about slow product deliveries...
It won't be long before Metro Vancouverites will be able to pay for public transit on the fly using debit cards. The project's hardware vendor, Cubic Transportation Systems, recently announced their involvement. As an occasional rider I'm looking forward to no longer having to monitor balances...
Thanks to a recent class-action settlement Apple Inc. will now allow developers of applications for its App Store to collect payment by means other than Apple's own payment platform. This allows developers to avoid paying Apple what is typically a 15 to 30% commission. This is...
The numbers are in for Q2 retail sales and they're looking very good: US in-person shopping jumped 28.2% year-over-year (YOY). Compare that with a negative growth rate of 3.6% a year ago. We knew that in-person shopping would eventually have to take some volume away from...
With eCommerce transaction volume continuing to grow at unprecedented rates, EMV 3D Secure authentication technology is arriving in Canada at just the right moment. I'm not going to get into all the technical aspects. Suffice to say that eCommerce merchants can now integrate this service quite...
Our payment processing Division head Tom Bremner is proud to announce that his company Castle Builder Financial's partnership with the Canadian Society of Association Executives (CSAE). Over his career he's collaborated with a large number of dynamic Association Executives and couldn't help but notice what a...
Shoppers have begun returning in droves according to MasterCard's latest SpendingPulse report. Year-over-year U.S. retail sales increased 11% in June. That's no surprise with widespread re-openings but what I didn't expect is that somehow eCommerce volume also continued its' upward trend in June with an...