Moneris Solutions Corporation and UnionPay International has announced that they have entered into an agreement regarding Moneris’ acceptance of UnionPay cards which begin later this year.
Angela Brown, President and Chief Executive Officer of Moneris, is to sign the agreement with UnionPay International on how to advance UnionPay card acceptance in Canada.
“We are very pleased to be partnering with UnionPay to bring card acceptance to our valued merchants,” said Ms. Brown. “The number of Chinese visitors to Canada is growing at a staggering rate and Moneris wants to ensure its customers are prepared to meet the demand for their payment method of choice.”
“The case has been clearly made for UnionPay acceptance in Canada,” said Jeff Guthrie, Chief Sales Officer at Moneris. “Our job as Canada’s largest payment processor is to give our merchants the ability to offer payment convenience to all of their customers. As the profile of Chinese visitors coming to Canada for business, leisure and study travel is rising, this is a natural response.”
It seems laptops are about to catch the biometric fever as PayPal, Intel, Lenovo and Synaptics are collaborating to introduce FIDO-enabled embedded fingerprint solution to PCs.
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.
Lloyds has launched biometric finger print authentication for mobile banking.
Chase, the US consumer and commercial banking business of JPMorgan Chase & Co, has signed a multiyear agreement with Best Buy, that will see the electronics retailer accept Chase Pay in its stores, on BestBuy.com and in the Best Buy app.