Advertisement

Canadian Processor Expands to CNP

Nov. 4, 2011

E-Debit Global Corporation said its E-Debit International Inc. unit, a Toronto-based payments processor, has launched the "Smart Grid" secured card not present payment process. The company, which had been focusing on the transition to the EMV standard in Canada, said it has turned its attention to the CNP world. “With the number of payment cards in circulation in Canada currently at 112 million, and expansion of the Canadian card marketplace predicted to reach 124.5 million by 2016, our focus will be to allow fully secured and network accessible payment processing for the "Card Not Present" marketplace,” said Doug MacDonald, president and CEO of E-Debit. “I am excited about the potential that is presently in front of us not only in our historic business lines, but in the card not present payment processing and prepaid, debit and credit business space originating in North America and expanding worldwide.”

 Average 3 out of 5
 Your Rating:
Your Review:
  

CS

  • CNP Expo: PSPs on the Rise - May 21, 2013
    Some 150 PSPs are now in operation, including disruptive players like Square that are capturing a target market of young business people who have been overlooked by traditional financial institutions.
  • CNP Expo: Unique Fraud Challenges for Digital Goods Retailers - May 21, 2013
    For digital merchants, turning away legitimate business through fraud prevention measures is riskier to the life of their business than allowing a few fraudulent transactions, but fraud prevention remains a priority, since customer account takeovers and a high volume of fraud can close down a merchant site.
  • ZooZ Nets $2 Million in New Financing - April 25, 2013
    The company said it will use the proceeds of the financing to “add new product functionality, increase traction with retailers, solidify new partnerships, and otherwise build its presence” in the global payments market.
  • PayPal Q1 Revenue Up 20% - April 22, 2013
    PayPal parent eBay reported first-quarter earnings late last week and said payment volume processed by the unit rose 22 percent from the same period a year earlier to $41 billion. Revenue also increased, up 20 percent year-over-year to $1.5 billion.
  • Zipmark Enables Digital Checks - April 18, 2013
    Zipmark, a New York City-based startup enabling businesses that typically accept paper checks to accept e-checks online and via mobile, has partnered with Rearden Commerce to enable B2B online payments.

Advertisement

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:
* Category:
Company:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here