Visa and MasterCard have made a commitment to reduce the interchange rates in April. Changes to the interchange rates will primarily effect merchants processing domestic Canadian payments with consumer and premium credit cards.
Canada has updated its code of conduct for credit and debit card transactions to include mobile payments, according to the country’s Federal Finance Minister.
Apple is reportedly is negotiations with Canada’s major financial institutions to launch Apple Pay in the country later this year, according to a report from the Wall Street Journal.
Google is making a major update to its mobile search algorithm tomorrow that will change the order in which websites are ranked when users search for something from their phone or tablet. The algorithm will start favoring mobile-friendly websites and ranking them higher in search. Websites that aren’t mobile-friendly will get demoted.