PSP Services Inc. Announces Agreement to Acquire the NCR Atleos Debit Card Production and Transaction Processing Business in Canada
VAUGHAN, ON, Oct. 28, 2024 /CNW/ – PSP Services Inc. (PSP) is pleased to announce an agreement to acquire the NCR Atleos debit card production and transaction processing business that services a number of credit unions, financial institutions and payment networks in Canada. The assets will be a very complementary addition to PSP’s award-winning HLX™ unified commerce platform. “As PSP has continued to evolve its business and successfully execute on a number of strategic objectives that we had planned, this acquisition is timed very well as we are eager to further enhance the acquired assets with very specific solutions that have been built …
Delayed Effective Date for Acquirer Data Consistency System Integrity Fee
Effective Date: October 1 2021 Visa will delay the effective date of the acquirer data consistency system integrity fee for the Canada and U.S. regions from 1 April 2021 to 1 October 2021. The effective dates for all other system integrity fees remain the same. In 2019, Visa introduced a number of system integrity fees (formerly referred to as ecosystem risk performance fees) for the Canada and U.S. regions. The data consistency fee was introduced to reinforce the importance of presenting correct data to issuers in the authorization request, applied to acquirers and merchants that change authorization data between submissions. …
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