The following press release was posted on the Interac Inc website: “The draft Code certainly had good bones and Minister Flaherty didn’t just add flesh to them, he added muscle,” emphasized Mark O’Connell, President and CEO of Interac Association. “It is clear that Minister Flaherty has heard the concerns of merchants and consumers, concerns that [...]
The Honourable Jim Flaherty, Minister of Finance, has released a Code of Conduct for the Credit and Debit Card Industry in Canada that “promotes fair business practices and ensures that merchants and consumers understand the costs and benefits associated with credit and debit cards.” (See Code of Conduct and an associated Backgrounder). “Businesses have voiced real concerns about [...]
