Archive for 2010
Mar 2
Payment processing in Canada: Regulatory changes
The payment processing industry is facing many exciting changes in 2010. These changes are: Regulatory driven, by PCI DSS, and chip and PIN technology Consumer driven, by mobile technology and the entry of Visa Debit.…
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Feb 25
How does payment processing work?
On average, it takes three seconds to process a credit card payment. In this time, several organizations must relay data and funds to each other to authorize and settle a transaction. There are six parties…
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Feb 23
What is a merchant account?
A merchant account is an account that allows a merchant to accept debit or credit card payments. Unlike a regular bank account, you cannot withdraw or deposit funds into a merchant account. It provides two…
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Feb 19
POS terminals: How to choose one
Point of sales (POS) terminals are much more than cash registers. They include hardware and software to keep track of sales, labour, and payroll. Choosing an appropriate terminal will save you and your staff time,…
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Jan 27
CEO Michael Gokturk interviewed on BNN
As the government sorts out rules for payment processing amid grumblings from Visa and Moneris, VersaPay is quietly going public and posting huge revenue growth. BNN speaks with Michael Gokturk, CEO, VersaPay, after its first…
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