3 Reasons to Offer eTransfers
3 Reasons to Offer eTransfers Canada’s email money transfer (EMT) service, commonly known as eTransfer and owned by Interac, has beensteadily growing in popularity since its launch in 2003. By allowing Canadians to send money to another person’s email or telephone number through their financial institution, Interac simplified the process of making payments digitally long […]
What Is The Payment Hub?
What is the Payment Hub? One payment platform to rule them all! The Apaylo Payment Hub is a payments-as-a-service platform that allows merchants to send and receive money online using our three core payment rails: Electronic Funds Transfers (EFTs credit/debit), Email Money Transfers/e-Transfers (EMT send) and Bill Pay. Apaylo has brought together everything that […]
Do Digital Payments Really Reduce Friction and Frustration?
In physics class, we all learned that friction is the force that resists the relative motion of materials (be it surfaces, fluid layers etc) from sliding against one another. More friction, more resistance, simple. So what is payment friction, and are you experiencing it? The second answer is likely yes, but first, let me explain […]
Open Banking; The Definitive Next Step in Financial Data Sharing
Open Banking; The Definitive Next Step in Financial Data Sharing The CEOs and CTOs of many financial institutions have made inaccurate, even downright preposterous statements about Open Banking, and it’s become increasingly clear that few people truly understand it. What is even more alarming is that the same applies to the very governmental bodies that […]
Move Over Recession, Regression is Equally Concerning for Canadian Banking
Despite the freedom that Canadians have in how they live their lives, a shocking number face hurdles when it comes to basic financial functions. Years ago, an action as simple as cashing a cheque was denied to many by banks, but we were able to come up with a solution…until recent regressions. Rise of […]
EFT or EMT; which one should I use?
EFT or EMT; which one should I use for Canadian payments and banking? So, by now I’m sure you have heard of both Electronic Funds Transfers, or EFTs, and Email Money Transfers, or EMTs. But WHAT exactly are all the differences between these two? Read on, electronic payment enthusiast! What is an EFT? […]
Why Apaylo Is In Business: Interview With Chairman Gary Seveny
Interview with Gary Seveny, Chairman, Apaylo Finance Technology Inc. (Apaylo) Why Apaylo Is In Business? Apaylo is a fintech operating within the payments sector, which is a fast-growing sector of financial services. Apaylo’s core purpose is to serve the evolving payment needs of business merchants and their customers. We, at Apaylo, want businesses to grow, […]
Top 5 Reasons Why You Should Use EMTs In Your Business
Email Money Transfers, or EMTs, have long been a popular method of money transfer amongst Canadians. Therefore, if your business still does not use them, it’s crucial you start straight away! If you still have some reservations, or if you want to learn more, we’ve compiled a list: Top 5 Reasons Why You Should Use […]
The History of Email Money Transfer in Canada
Pioneering Digital via Payments Canada and Interac Digital payments have become an essential method of money transfer in Canada, used by both private individuals and companies alike in their financial management. The software and physical equipment to accommodate these payments process more than $200 billion every business day according to the Bank of Canada. One […]
Money Doesn’t Grow On Trees
The recent release of the IPCC Climate report has got me thinking about money and the climate. It really got me thinking about the saying… “Money doesn’t grow on trees.” I am sure you’ve heard the saying. Well, that’s B.S. Let me explain why. In 2020, there was an average of 383,034,454 cheques processed through […]
