Things are heating up in the credit cards industry as CIBC announced that they've bought Citigroup's
Canadian credit card business for $ 2.1 B.
Not exact matches
«Most consumers think that the fee for processing
credit card transactions comes from the interest rates that they may pay, or from the annual fee,» he told
Canadian Business.
In March, the
Canadian Federation of Independent
Business (CFIB), went on the offensive against
credit cards and the high merchant fees they carry.
And Jim Seitz, communications manager for Wells Fargo says, «A U.S. - based
business - entity of a
Canadian business could be considered for small
business credit, yet the
business owner applying for
credit must have a permanent resident
card (or green
card) in order for us to proceed.»
Indirectly however,
Canadian banks are at risk to HELOC's, personal lines of
credit,
credit cards and
business loans.
If you have an iPhone or Android smart phone, you can install the
Canadian Square register application and receive the
credit card reader dongle that plugs into your mobile device and allows you to swipe a
credit card and receive payment in 1 - 2
business days.
This service covers key
credit cards from the following issuers (Personal and Small
Business): American Express, BMO, CAA
cards from Bridgewater Bank,
Canadian Tire Financial Services, Capital One, CIBC, Desjardins, HBC (The Bay), HomeTrust, HSBC, MBNA, National Bank, President's Choice, RBC, Scotiabank, Sears Financial, TD, Vancity, Walmart Financial Services.