Retail Council of Canada (RCC), The Canadian Council of Grocery Distributors (CCGD) and the Payments Accountability Council (PAC), representing more than 250,000 businesses commend Finance Minister Jim Flaherty and the Government of Canada for announcing in yesterday’s budget measures to rein-in the practices of credit card companies, banks and processors as they relate to the Canadian payments market.Read more
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Payments Accountability Council commends federal government for key announcements in federal budget
March 5th, 2010 Ottawa is proposing legislation that would give the federal finance minister the authority to regulate the credit and debit card industry, “a huge victory” for merchants and consumers, a coalition of retailers said Thursday.Read more February 17th, 2010 In a decision Interac described as “disappointing,” the federal competition watchdog said Friday that it could not support the debit service provider’s bid to become a for-profit company.However, the Competition Bureau opened the door to agreeing to other changes in Interac’s business model that would make it more competitive with Visa and MasterCard as the two multinational giants prepare to enter Canada’s $163 million a year debit market. February 17th, 2010 Canada’s competition chief has shot down a bid by the Interac Association to become a for-profit corporation, dealing a blow to the country’s main debit system as it prepares for battle with Visa Inc. and MasterCard Inc.The decision by Melanie Aitken, the Commissioner of Competition, means that the possibility of an initial public offering of Interac is now off the table - and that it will likely be easier for credit card giants Visa Inc. and MasterCard Inc. to build Canadian debit businesses. February 5th, 2010 Retailers should be allowed to surcharge consumers based on the type of payment used, a study finds, saying it would be fairer to customers who pay with cash.The C. D. Howe Institute also recommends that Canada’s existing debit provider, Interac, be allowed to go for profit so it can compete more effectively with Visa and MasterCard as those two multinational giants enter Canada’s debit market. January 29th, 2010 “California consumers and businesses are being taken to the cleaners to the tune of $5 billion dollars,” said Nava, who is vying to the be the state’s next chief legal officer. “Wall Street banks are holding us hostage and something must be done to return this money to struggling small businesses and consumers.”Read more January 28th, 2010 Stroll into the Ula Café, a neighborhood coffeehouse in Jamaica Plain, Mass., and you might notice an unusual sign prominently posed on the cash register. The note informs customers that every time they pay with plastic, it costs the coffee shop about 25 cents. Please, asks the sign, reserve use of your credit cards to pay for purchases of $10 or more.Read more January 22nd, 2010 Click here to read the ful submission January 22nd, 2010 The Payments Accountability Council (PAC) applauds government’s efforts to bring clarity, transparency and merchant choice to the debit and credit card market in Canada through the Government of Canada’s Code of Conduct for Credit and Debit Card Markets. PAC is a coalition representing 250,000 Canadian merchants, co-chaired by the Retail Council of Canada (RCC) and the Canadian Council of Grocery Distributors (CCGD) . January 22nd, 2010 Finance Minister Jim Flaherty’s move pits major players against business groups. Archives 
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