| MAGAZINE | ||||||
|---|---|---|---|---|---|---|
|
| MARKETPLACE | ||||
|---|---|---|---|---|
|
| COMMUNITY | |||||
|---|---|---|---|---|---|
|
| RESOURCES | |||||
|---|---|---|---|---|---|
|
| Credit card companies, small biz groups react | |
| Written by Amanda Ryder | |
|
Monday, Jan. 18 marked the last day for banks, credit card companies,
consumer groups, retailers and others to make their submissons for the
government on the proposed credit card and debit code. Here's some of
the reactions: Small business supports draft code of conduct for debit and credit cards The Canadian Federation of Independent Business (CFIB) has released a supportive response to the Federal Government’s draft code of conduct for the credit and debit card industry in Canada, stressing quick adoption, strong oversight and an interim strategy. The CFIB.org reports. | READ MORE Divisions over credit, debit card code of conduct Ottawa's decision to adopt a code of conduct governing credit and debit cards has pitted major players such as Visa Canada against a number of business groups. The most controversial part of the code, based on recent talks and submissions to the government, is one that would give retailers the ability to choose which types of debit cards they'll accept. The Globe and Mail reports. | READ MORE Debit card debate heats up Credit-card companies are going head-to-head with business groups in the fight to influence Ottawa’s plan to regulate the debit-card market in Canada. The Canadian Federation of Independent Business is pushing for quick adoption of Finance Minister Jim Flaherty’s draft code of conduct for the debit-card industry in Canada, largely run by the Interac Association. Canoe.ca reports. | READ MORE Retail group wants to charge customers for using credit cards Retailers and small business owners should be allowed to “surcharge” consumers for using their credit and debit cards and that power should be enshrined in the federal government’s voluntary code of conduct for the payments industry, says an influential business group. TheStar.ca reports. | READ MORE Credit card giant says proposed debit code gives merchants too much clout The federal government's proposed code of conduct for Canada's credit and debit card system is too weighted in favour of merchants at the expense of consumer choice, Visa Canada alleged Monday, the deadline for comments on the plan. The Canadian Press reports. | READ MORE |
