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The Canadian Federation of Independent Business wants the federal minister of finance to step in to prevent what could become a “massive” legal challenge between MasterCard and the Competition Tribunal. The Competition Bureau has filed an application to strike down restrictive and anti-competitive rules it says Visa and MasterCard are imposing on merchants who accept [...] With the holiday season nearing, Canadians are planning to temper their spending with almost one-third (31 per cent) saying they will spend less on holiday expenses this year, according to a recent RBC survey. Furthermore, more than half (55 per cent) plan to keep their holiday spending flat and almost one-in-five (18 per cent) say [...] Dynamics Card 2.0 is part of the next-generation in payment devices but it can still be used in 1970s-era magnetic stripe readers, unlike the alternative chip cards. Jeff Mullen, CEO of Dynamics, Inc., said the programmable magnetic stripe card is still in its testing phase but that the cards have likely been used in Canada [...] Royal Bank of Canada has launched a cash back reward credit card offering 5 percent cash back on grocery store purchases until December 31, 2010. The standard cash back rate on the new RBC Cash Back card is 1 percent on purchases.. “The RBC Cash Back card lets you spend your cash back however you [...] This is embarrassing to admit for someone who thinks about personal finance a lot, but I have been overlooking a recurring charge on my credit card for about 10 years. The charge always appears as “Payment Protector Premium” and there is also a charge for a “Payment Protector Premium Tax.” I always assumed these charges [...] Freshly-minted Walmart Canada Bank stepped into the financial-services ring Tuesday with a single product: a rewards-based MasterCard. But the low-price retailing giant did not rule out using its weight to provide serious competition for the country’s handful of big banks through products and services such as loans, deposits and mortgages. “Walmart will always look to [...] Prospera Credit Union, the fifth largest credit union in BC and VISA Desjardins, Quebec’s largest credit card issuer, have signed a partnership agreement making VISA Desjardins the exclusive supplier of credit cards to members of Prospera Credit Union. To launch the new VISA product offering, Prospera Credit Union branches are giving away 40 tickets to [...] Tracy Watson is still shocked when she sees some of the latest clients coming into debt and money management seminars run by her organization. It’s not because their debts are in the tens of thousands of dollars, although that is often the case. What troubles Watson is their age. “Kids 18 to 25,” said Watson, [...] Deloitte Canada has published a report outlining significant changes to the Canadian credit card landscape. The report, Charting a new course for the credit card industry, says that, in the wake of record industry losses, consumer bankruptcies and the recently announced voluntary Code of Conduct for the Credit and Debit Card Industry in Canada, the [...] |
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