November 21, 2011
Every time you pay with a credit card, a percentage of your purchase goes to the credit card company and bank. The more often you pay with a credit card, the more money goes to the credit card companies and banks in the form of transaction fees charged to the merchant... The less income the merchant has available to pay staff, suppliers...sponsor the local baseball team...or even send their own child to summer camp... The fix is easy, though. Just consider paying with cash or debit. Where ever you can, avoid compelling the independent merchant to pay the credit card companies.
August 17, 2011
To mark the first anniversary of the implementation of the Credit Card/Debit Card Code of Conduct, we released a report celebrating the many substantial accomplishments of the Code, as well as noting areas for further improvement.
February 17, 2011
Have you ever wondered how the credit card in your wallet affects your local small business?
February 17, 2011
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.
November 25, 2010
UPDATE: CFIB's CREDIT/DEBIT CARD CODE OF CONDUCT WORKING IN VISA DEBIT LAUNCH. We are happy to report that on April 16, 2010, Finance Minister Jim Flaherty announced a finalized Code of Conduct for the credit and debit card industry that will come into effect in August 2010.
July 28, 2010
On April 16, 2010, Finance Minister Jim Flaherty announced a finalized Code of Conduct for the credit and debit card industry that will come into effect in August 2010. This Code, which very closely resembles the Code put forward by CFIB in mid-2009, will help increase transparency and restore fairness to small businesses and consumers in their credit and debit card transactions.
