More people are using credit cards, which has retailers seeking relief.
Switching to digital payments would boost the economy, a new study argues.
"We're focused on putting cash out of business."
In Canada, merchants pay much more than businesses in other parts of the world for accepting credit card payments.
Two of the biggest companies doing retail business in Canada are at war with each other: Visa and Walmart. Most Canadians have not noticed, though, because the war is taking place only in select markets. However, if the current trend continues, it could be -- as the slogan goes -- coming soon to a store near you.
Visa is retaliating for Walmart's decision to stop accepting the credit card in Manitoba.
In 2014, Nausheen Mian travelled to Sydney, Australia. It was a trip that she looked forward to since she'd be meeting up
Analysts believe Walmart is hurting from its war with Visa.
Having the public's sympathy might not help Walmart's bottom line.
In the hit movie The Martian Matt Damon's character, astronaut Mark Watney, is left in the dust of Mars alone to survive. He realizes that to live, "I'm going to have to science the sh*t out of this." There are some lessons in there for the Trudeau government as they conduct their consultations on Canada's wait-and-see innovation budget.
The fact that Walmart would be able to stop accepting Visa, historically one of the largest operators of credit cards, speaks mountains about the alleged market power of credit-card companies: It is simply not that big. You have significant market power when you are unavoidable, not when one party in the exchange simply wishes your prices would be lower.
The two companies have been feuding for years.
Only one homegrown name made the top 10.
As merchants cannot charge different prices for cash, credit or debit payments and obviously price-in the interchange fee, those consumers using cash (e.g. those on fixed incomes such as the retired) are, in effect, paying a hidden fee. So reducing interchange fees as far as possible make sense. Or does it?
Canada panicked. But unlike other countries, we overreacted. Our mantra -- better be safe than sorry -- actually made us less safe and continues to make us sorry. To explain, lawyers like myself have argued from the beginning that Canada's visa restrictions were illegal.
First there was the obligatory second credit card everyone said I needed as an emergency backup. But it wasn't long before the card slots in my wallet began rapidly filling up. One soon held a blue Air Miles card, the one that requires years of collecting to get a one-way trip to Hamilton. From then on, the acquisition of cards continued unabated.
For the first time in U.S. history gay rights took centre stage during the NFL's entry draft, a three-day media bonanza carried live on television. The St. Louis Rams picked Michael Sam, the NFL's first openly gay player, who kissed his partner on the lips on live television.
Entrepreneurs often underestimate how long it can take to get paid. Whatever the reason for late payments, it's another headache taking your focus away from what you really love about your business. Here are some simple strategies you can adopt to help encourage timely payment and even speed up the process.
CFIB was quick to counter Visa's ill-advised campaign with an online campaign of our own, re-framing the whole notion of smallenfreuden in a way that exposes what it really is: another cash grab by the card companies and banks.
Canadians could see new surcharges on their credit card purchases if a Competition Bureau tribunal decides to eliminate existing