British Columbia » Banks & Finance

 
As a member of CFIB, you join a community of small business owners who benefit from the collective clout of 105,000 members.

British Columbia – Banks & Finance

 

Good news for merchants: More power to push back against high credit card fees

June 26, 2017
As part of CFIB’s fight for fairness in the credit card industry, we’re pleased that Visa and Mastercard will soon provide merchants with the power to put surcharges on some transactions. Find out what this means for your business.
 

Big news for small business: first-ever credit card fee reduction announced

November 4, 2014
Visa and MasterCard have announced the first-ever reduction in the interchange fees that small business owners pay to accept credit cards. CFIB and its members played a key part in this announcement.

Download your POS card and place it by the cash register

June 28, 2013
Canada's Code of Conduct for the credit and debit card industry is unique in the world and provides merchants with new powers in their dealings with credit card companies and banks. We believe that the best way to ensure the credit card companies do not increase merchant fees even further is for merchants to act directly and promote the benefits of paying with Interac or cash.

Federal regulator sides with CFIB on unfair credit card practices

February 13, 2013
The Financial Consumer Agency of Canada (FCAC) has strengthened rules that will keep credit card costs down for merchants and consumers by stopping unfair practices in the credit card industry.

Keep the Canada Small Business Financing Program accessible

February 8, 2013
The Canada Small Business Financing Program, designed to make lending to small businesses easier, should focus on the needs of small businesses – and some of the government’s proposed changes do just the opposite.

Let’s keep the payments industry fair, transparent and competitive

July 17, 2012
The Code of Conduct for the Credit and Debit Card Industry in Canada is working well, but needs to be strengthened and enhanced to deal with a variety of mobile payment options and an important upcoming ruling by the Competition Tribunal.

Mobile payments shouldn’t mean extra fees

May 23, 2012
Pretty soon, Canadians will be able to purchase items using their smartphones. The major banks are set to team up with the telecommunications companies to allow for credit card and debit card information to be stored digitally on a customer’s cell phone.

Possible mobile payment ‘fee grab’ worries small business

May 14, 2012
With a steady stream of mobile and electronic payment options expected in the days ahead, Canadian small business owners will be bracing themselves for the possibility of another fee grab on the part of banks, credit card companies and newer market entrants.

Kudos to the Competition Bureau in the battle over Visa and MasterCard fees

February 3, 2012
CFIB is very pleased that Canada’s Competition Bureau is taking a case forward to give merchants more powers to address rising Visa and MasterCard fees. CFIB has worked closely with the Bureau and several CFIB members shared their stories to help further this important case.
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