We don’t mean to brag, but we’re especially excited for this weeks edition of This Week in Payments News for one big reason, our own news is one of the biggest headlines of the week! From our partnership announcement with Lightspeed POS, to Canadians using alternative payment tools, it was an exciting week in the payments industry!
1. Moneris introduces Lightspeed Restaurant to its menu of iPad POS solutions
This week we officially announced our partnership with Lightspeed POS in our menu of iPad POS Solutions. This product is our first cloud-based iPad POS solution catered to restaurateurs in Quebec, however it can be used in restaurants across the country! Make sure to check out the press release to learn more about the Moneris and Lightspeed partnership, and hear from our Chief Product and Partnership Officer, Malcolm Fowler.
2. Survey: Canadians are increasingly choosing alternative payment tools
What’s your go-to payment method? According to this recent survey, a growing number of Canadians are turning to alternative payment methods such as mobile and prepaid options. Adoption rates of these tools has increased 14 per cent since 2016, led by an increase in use of prepaid products. If this hits home for you, make sure to check out this article to learn more.
3. Apple Goldman Sachs partnership surprised Wall Street, but it makes sense – WSJ
It looks like there’s about to be another player in the credit card mix, Apple! Apple and Goldman Sachs have partnered to launch a new credit card later this year, though specific details about the card have yet to be released. This card is rumored to offer rewards such as 2 per cent cash back, and seamlessly integrate into the Apple Pay system to monitor spending and track purchases.
4. Visa and Planeta Informatica Pioneer New Technology to Bring the Speed, Security and Convenience of Contactless Payments to Transit Operators Around the World
Visa and Planeta Informatica announced the launch of a new technology this week that could make playing on public transit a lot easier! The new Visa Secure Access Module makes it easier for public transit operators to offer contactless payments, without having to replace current turnstiles or terminal hardware. To learn more about the specifics of how this solution will work, take a look at this article!
If you want to know some of the other headlines making waves in the payments industry recently, make sure to check out our recaps from February 18 to 22 and February 11 to 15.
The information in this article is provided solely for informational purposes and is not intended to be legal, business or other professional advice or an endorsement of any of the websites or services listed.