Canada

The Financial Consumer Agency of Canada will review the business practices of the country's banks after reports of tellers allegedly pressuring customers to buy products to meet sales goals.

LendingArch is offering what amounts to installment payments for Canadian health care expenses, hoping to take a bite of the credit card market for consumer-direct health care payments.

Downward pressure on Canada’s bank fees continues, as Bank of Montreal this week announced it’s eliminating fees for Interac e-Transfers for all customers with Canadian checking and premium-rate savings accounts.

The card handles multiple currencies and is designed for students and underserved market segments.

Canada-based PayByPhone has enabled Apple Pay for drivers in Vancouver, where the parking payment provider keeps its headquarters.

The Canadian Federation of Independent Business (CFIB) and Mastercard have reached an agreement that will reduce payment card interchange rates for members of Canada’s largest small-business organizations, bringing them on par with large merchants’ rates in the market.

PayPal has agreed to acquire TIO Networks, a Canadian company that sells software that powers bill payment processing, particularly for underbanked consumers.

Wirecard Card Solutions is taking over as the issuer of Bread4Scrap, a prepaid card program used by U.K.-based Payment Card Solutions (PCS) to distribute funds to scrap metal dealers.

After testing mobile order-and-pay at Tim Hortons cafes and Burger King restaurants for nearly two months, Restaurant Brands International is preparing to launch the app throughout Canada in the spring.

Boston-based Buildium, which provides a software platform for real estate property managers, has expanded its ePay online payment service to Canada, marking the first region outside the U.S. where Buildium supports electronic payments.