Category Archives: Business

The Challenges Small Business Owners Face with Credit Cards

By CCC Admin | 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 | 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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Amazon Credit Card Reader on the Way: Good News for Consumers and Small Business

By CCC Staff | Filed in Business, News

Amazon.com Homepage

Move over PayPal and Square, you’ve got company! The battle to win over customers is heating up, as Amazon is jumping into the highly-competitive credit card space. It seems like every year we’re told it will be the year of mobile payments, yet consumers remain hesitant to give up their trusty credit card.

Amazon seems to have found some middle ground with its new device that can be used to validate credit card payments. Not only does it offer consumers a new convenient way to make purchases, it also offers small business an alternative to costly point of sale devices.

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Tim Hortons, CIBC Partner Up to Launch New Double Double Visa Credit Card

By CCC Admin | Filed in Business, Reviews
Tim Hortons Sign

[Photo by meddygarnet CC by 2.0]

Tim Hortons is hoping Canadian coffee drinkers will warm up to its newest credit card offering. Canada’s favourite coffee chain has partnered with CIBC to launch the “CIBC Tim Hortons Double Double Visa Card.” This credit card is as Canadian as it gets – “double double” is slang when ordering a coffee, indicating two creams and two sugars.

This is no ordinary credit card – the rewards credit card comes with physical buttons cardholders can press when making purchases. The credit card launch comes amid heavy competition from rivals McDonald’s and Starbucks, who have been chipping away at Tim Hortons market share in recent years.

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The Anatomy of a Credit Card Transaction

By CCC Admin | Filed in Business

Credit Card Processing RFID

Have you ever wondered what happens when your credit card is used for a purchase? Today credit card purchases are easier than ever. With most merchants switching to Chip-and-PIN, credit card transactions are more secure than ever before. Simply insert your card, enter your 4-digit PIN and you can spend hundreds – or even thousands – in an instant.

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TD Aeroplan Deal a Smashing Success for TD Bank

By CCC Staff | Filed in Business, News

TD Bank Sign

The deal that shook up the credit card world appears to be paying immediate dividends for TD Bank. New credit cardholders have been signing up in droves for TD Bank’s Aeroplan Visa card. The deal added to the big bank’s bottom line by boosting TD Bank’s first quarter profits to $2 billion.

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