http://www.canadian-merchant-account-services.com/merchant-account-blog.html This Blog will have daily updates on FAQ's on Merchant Account Service Questions that I receive daily. en-us Canadian merchant accounts Mon, 30 Jun 2008 15:49:50 GMT Mon, 30 Jun 2008 15:49:50 GMT canadian-merchant-account-services.com http://www.canadian-merchant-account-services.com/merchant-account-blog.html#Smart-Card-Technology---Do-You-Need-To-Replace-Your-POS-Terminal? If you don't have chip readers in place by Oct. 2010 you will be financially responsible for any fraud. Conversely, ATMs and retailers have until 2012 and 2015 to be complaint for chip debit cards in Canada. BY THE NUMBERS * 620,000: Locations in Canada where credit cards are accepted * 600: Institutions issuing Visa and MasterCard products * 1970: Year magnetic stripe was introduced on credit cards. * $1.4 trillion: Value of transactions globally on 817 million MasterCard issued credit cards in 2006. * 61.1 million: Number of Visa and MasterCards in Canada 2006. * 258,581: Number of cards used fraudulently in 2006 resulting in a write off of $185.5 million * $215 billion: Dollar value of transactions by Visa and MasterCard in Canada in 2006. Sources: Canadian Bankers Association, MasterCard Mon, 30 Jun 2008 15:30:39 GMT http://www.canadian-merchant-account-services.com/testimonials.html Testimonials from previous clients that have used our services. 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