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February 6, 2013 - 5:31pm
In a bid to expand its distribution network in Canada, payments processor Elavon recently completed a deal to acquire Toronto-based Collective Point of Sale Solutions. Elavon's agreement with the 12-year-old Canadian company would add roughly 12,000 small and midsize businesses to its network in Canada, comprising roughly $1 billion in credit and debit card transactions each year. "The...
February 5, 2013 - 4:31pm
In a move toward eventually eliminating cash transactions altogether in lieu of having consumers use debit cards and credit cards, the Canadian Federation of Independent Business is helping small businesses in the country prepare for penniless cash transactions, according to the Calgary Herald....
January 31, 2013 - 5:31pm
The European Central Bank (ECB) recently outlined detailed plans to improve the global security of internet payment processing services, according to Finextra. The release of the report followed a two-month public consultation. The main goal of the ECB's plans centered around requiring...
January 28, 2013 - 4:31pm
A recently released white paper suggests that advancements in mobile payment processing technology could help corporations substantially reduce the cost of their cash sales. According to the report from Mobile Money Consulting, such mobile payments could allow companies to save as much as 20 per cent. The news source notes that cash amounts to more than 75 per...
January 21, 2013 - 4:31pm
The U.S. Federal Reserve is ready to launch its triennial payment study examining non-cash payment processing usage rates by American consumers and businesses, according to Finextra. With a rapidly evolving landscape that is changing the way people spend cash and use their...
January 18, 2013 - 5:32pm
Despite the noted promotional power of social media networks and mobile commerce, it appears that some traditional marketing mediums still hold great influence. According to Print in the Mix, a recent survey revealed that print catalogs influenced holiday shopping decisions more than social media and mobile did. The 3rd Annual Holiday Online Shopping Survey, produced by Baynote, revealed that...
January 15, 2013 - 6:31pm
A recently released study revealed that convenience is the top reason for consumers heading online to take care of their shopping needs, according to Consumer Affairs. The study also revealed that several other factors important to consumers - coupled with the improved security of online payment processing -...
January 4, 2013 - 5:31pm
Online holiday shopping among consumers in the United States increased by 14 per cent compared to a year ago. A recent report released by comScore revealed that approximately $42.3 billion was spent by American shoppers using their...
January 3, 2013 - 4:31pm
Delinquency rates for credit cards issued by banks dropped to their lowest level in the United States since 1994, according to MNI News. The report, released by the American Bankers Association (ABA), suggests that American consumers are becoming more judicious and responsible when using debit cards and credit...
January 2, 2013 - 4:31pm
The Ontario Task Force on Competitiveness, Productivity and Economic Progress recently released its eleventh annual report, according to the Institute for Competitiveness and Prosperity. In it, the Task Force pointed out that the amount of "dead cash" on the balance sheets of Ontario - and Canadian - businesses is forestalling the economic growth of the country. Additionally, the...
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Collective Point of Sale Solutions is Canada's Choice for Payment Processing. We are a secure merchant services provider, specializing in transaction processing,
Visa, MasterCard, American Express & Interac merchant accounts, chip-enabled, smartcard-ready P.O.S. credit terminals and debit & credit card processing.
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All rights reserved. Copyright © 2001-2013. Elavon Canada Company d/b/a Collective Point of Sale Solutions.
