Category: Business

Amazon Credit Card Reader on the Way: Good News for Consumers and Small Business

Posted August 5, 2014 by CCC Staff in Business, News

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.

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

Posted July 8, 2014 by cccadmin in Business, Reviews

[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.

The Anatomy of a Credit Card Transaction

Posted June 26, 2014 by cccadmin in Business

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.

TD Aeroplan Deal a Smashing Success for TD Bank

Posted May 21, 2014 by CCC Staff in Business, News

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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