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Payment card spending in Canada up 3.4 per cent in the third quarter of 2018

The third quarter of 2018 saw spending in Canada remain fairly consistent with the previous quarter, according to the MonerisMetrics Quarterly Report released today by Moneris Solutions Corporation (“Moneris”), Canada’s largest processor of debit and credit payments. While spending was up 3.4 per cent over the same period last year, this modest increase is only slightly higher than last quarter, which saw a year-over-year spend increase of 3.3 per cent, the lowest quarterly growth in nearly four years.

Payment card spending in Canada up 3.3 per cent in the second quarter of 2018

Canadian spending has begun to flatten according to the MonerisMetrics Quarterly Report released today by Moneris Solutions Corporation (“Moneris”), Canada’s largest processor of debit and credit payments. In total, year-over-year spending in the second quarter of 2018 increased by only 3.3 per cent – marking the lowest quarterly growth in nearly four years.

About Moneris Data Project Services

As the largest provider of innovative solutions for mobile, online and in-store payments, Moneris is uniquely positioned to provide data insights into the economic impacts of events and projects in Canadian cities.

Moneris partners with Kount to expand fraud protection services for Canadian online businesses

Moneris Solutions Corporation (“Moneris”), Canada’s largest processor of debit and credit payments, today announced their partnership with Kount®, an online fraud protection platform that assesses customer transactions in real time. The Moneris Kount partnership will allow large businesses using the Moneris Gateway to reduce fraud exposure and chargeback risks from online and in-app transactions.

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