Canada is a world leader in mobile payments.
by Brian Semkiw, Chief Executive Officer
Until now, almost 100 percent of Canadian payments have been processed in the United States. That means Canadian transaction data has had to leave our borders and to be stored in American servers, where data security is treated very differently. South of the border, the Freedom of Information Act means the Department of Homeland Security can access and inspect any data, regardless of your bank’s policies. Once data has been requested, there are few limits on where it can spread.
Storing that data in Canada keeps it truly confidential. Our data centre on Prince Edward Island is a highly sophisticated secure facility, but it’s also the only secure data host for financial services in Canada.
We’re in a position to provide something no other processor can offer. This is important for our Canadian bank clients, but our international clients reap the same benefits of Canada’s data security policies.
Pair that with Canada’s readymade contactless infrastructure, and you’ve got the perfect ecosystem for secure, future-proof mobile payments. Frankly, there’s nowhere else we’d rather be.