Credit Card Crunch
The credit card industry is undergoing a major upheaval, as
Visa and MasterCard get ready to enter the debit market. This section will
highlight the latest news on the issue:
Credit, debit industry has one month to adopt code
April 16, 2010 - Retailers' groups are applauding the new code of conduct for credit-and debit-card companies being introduced in Canada | READ MORE
Group commends government's steps with credit card industry
March 5, 2010 - The Payments Accountability Council is encouraged by steps taken to ensure credit card company practices kept in-check. | READ MORE
Ottawa puts credit card industry on notice
March 5, 2010 - Ottawa is proposing legislation that would give the federal finance minister the authority to regulate the credit and debit card industry. | READ MORE
Interac to remain non-profit: Regulator
Feb. 13, 2010 - The federal competition watchdog says that it could not support Interac's bid to become a for-profit company. | READ MORE
Paying cash may benefit consumers
Feb. 5, 2010 - Retailers should be allowed to surcharge consumers based on the type of payment used, a study finds. | READ MORE
Small biz groups react
Monday, Jan. 18 marked the last day for banks, credit card companies,
consumer groups, retailers and others to make their submissions for the
government on the proposed credit card and debit code. | READ MORE
Aug. 27, 2010 - Janet Lye from Tidy’s Flowers located in Toronto is the winner of the John A. Valentine Award, an FTD 100th anniversary member award.
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