Major Credit Card Security Breach at UPS: Are You Affected?

By CCC Admin on Aug 26, 2014 | Filed in News, Uncategorized

The UPS Store

There has been another major security breach south of the border – this time with UPS. Customers of parcel delivery courier may have had their most sensitive personal information stolen – their credit and debit card information – by a computer virus.

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Paying Down Debt vs. Contributing to Your RRSP

By CCC Admin on Aug 21, 2014 | Filed in Debt, Personal Finance

RRSP Change Jar

Should I pay down debt or contribute to my RRSP? Although it’s a common dilemma faced by many, there’s no simple answer. It depends on each individual’s financial situation. There are a number of factors to consider.

Contributing to your RRSP and paying down debt both offer benefits – you’ll pay less tax when you contribute to your RRSP, while you’ll pay less interest when you pay down debt. Which should you do? It depends on how much debt you have and how costly it is.

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Hot Housing Market Changing Debt Dynamics for Some Canadians

By CCC Admin on Aug 19, 2014 | Filed in Debt, Personal Finance

Couple Buying Home

If you’re between the ages of 35 and 44, chances are you’re in debt. With home prices reaching the stratosphere in red-hot housing markets like Toronto and Vancouver, we’re spending more than ever before just to put a roof over our heads.

A recent study from RBC echoes that sentiment – if and when interest rates rise or house prices fall, the most heavily in debt could face a real dilemma. If you’re up to your ears in debt, there are ways to protect yourself when interest rates eventually rise.

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Credit Card Fees Can Be Costly When Travelling Abroad

By CCC Staff on Aug 14, 2014 | Filed in Credit Card Tips

Currency Chart

If you’re like most Canadian families, you’re probably planning a summer getaway. While you probably know you should phone your issuer ahead of time, but have you given much thought to foreign exchange fees? Whether you’re traveling to the United States or Europe, it’s important to ask about foreign exchange fees, as they can really add up.

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The Challenges Small Business Owners Face with Credit Cards

By CCC Admin on Aug 12, 2014 | Filed in Business, News

Shopping with Credit Card

Credit cards offer consumers many benefits. They’re convenient, you can use them to earn rewards points, and to help build your credit history. Canadians can’t seem to get enough of their credit cards – we rank among the highest in the world in cashless transactions.

While credit cards are handy for consumers, have you ever stopped to think about the effect they have on retailers? Dan Kelly, president of the Canadian Federation of Independent Business (CFIB), recently wrote an interesting article for the Financial Post about the difficulties small businesses face when it comes to paying by plastic.

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Square Unveils Plans for a New Chip-and-PIN Credit Card Reader

By CCC Admin on Aug 7, 2014 | Filed in Business, News

Square Card Reader Transaction

The mobile payment market is heating up. Square, the company behind the wildly successful app that transforms smartphones into virtual point of sale devices, announced plans for a new credit card reader able to accept Chip-and-PIN credit cards.

Set for release in 2015, with the widespread adoption of Chip-and-PIN credit card technology, Square’s card reader could be a real game changer. Let’s take a look at how the new card reader will benefit Square and consumers alike.

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