Learn more about Canada’s top banks rates, rules and the latest news – read on!
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The best balance transfer credit cards in Canada for 2024 Feb 16th
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The best balance transfer credit cards in Canada for 2024
Moving your credit card debt to a balance transfer card can help you pay off the debt more quickly by paying little or no interest.
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&l.... More »
Credit vs. Debit: Know the Differences + MORE Dec 1st
By: Barry Choi
We all carry credit and debit cards in our wallets, but when it comes time to pay, which one you reach for for can leave an impact in a few different ways. Which option you choose is ultimately up to you, but it’s important to understand what goes on behind the scenes since debit a.... More »
Regulators Can Help American Workers Get the Credit They Deserve Oct 27th
Nonprime lending isn’t as risky as it’s made out to be, and fintech firms can help traditional banks..... More »
GICs have a hidden commission Mar 31st
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Q. After buying two GICs, I received a statement showing $575 in commissions paid to my broker by a third party. I thought GICs were free of commissions. Any light you could shed on these fees would be greatly appreciated.
— Tom
A. There are few universal truths in investing, Tom, but.... More »
Greece settles terms with EU to get $14B bailout for banks + MORE Nov 17th
Greece struck a deal with European creditors Tuesday on economic measures it needs to make to get its next batch of bailout money, including a €10 billion ($14.3 billion Cdn) cash injection for its crippled banks..... More »
Where Are Global Interest Rates Headed?
– blogs.wsj.com
Our global roundup of how the second quarter could play out for central banks around the world.
Credit Card Tap Payments: What You Need to Know
– ratesupermarket.ca
For 50 years, Canadians have been popping into their local Tim Hortons for a double-double, and maybe a sour cream glazed donut on the side. But in October 2013, the iconic brand leapt into the future by becoming one of the first retailers in the country to offer customers contactless payment terminals at their cash registers. While it first rolled out with debit cards, the technology is now available to purchase everything from groceries to booze on credit cards and even smartphones – and is available from a wide variety of retailers.
Let’s take a look at where tap technology is currently available – and whether your current card is already outfitted.
Tap Tech and Your Credit Card
Currently, there are three different systems in Canada that allow you to pay with a tap of your card: Visa payWave, MasterCard PayPass, and Interac Flash. (American Express has its own system, called ExpressPay, which is available in Canada on select cards, depending on the issuing lender.)
Each of these systems uses cards with an embedded antenna and microchip that communicate wirelessly with a card reader to make the transaction…
