MONTVALE, N.J. - Now Canadian shoppers in U.S. retailers will beable to make their purchases more easily. The NYCE Corporation, aleading provider of ATM and debit card services in the U.S., hasexpanded its reach to include Canada. NYCE announced on 8 Octoberthat, effective immediately, Canadians shopping at merchants thatare part of its point-of-sale network will be able to use theirdebit cards at the POS terminals and be able to make debitpurchases Now, Canadian debit cardholders no longer have to make aseparate trip to an ATM to get cash or convert Canadian dollarsbefore shopping in the United States, NYCE said. U.S. retailerswill benefit by gaining online, real-time access to funds ondeposit in Canada - through the NYCE Network PIN point-of-saleservice. Canadians have one of the highest rates of PIN-debit usein the world on a per capita basis, and Canadian cardholders preferthis form of payment two-to-one to cash, credit card or check.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.