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Credit Card Fraud in Canada: Latest 2024 Statistics, Trends & Prevention Tips

Clearly Payments

In 2024, Canadians reported over CAD $638 million in fraud losses, according to the Canadian Anti-Fraud Centre (CAFC). Credit card and payment fraud remain major threats to both consumers and merchants, with card-not-present (CNP) scams and identity theft driving the majority of losses.

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Everything You Need to Know About Credit Card Processing

Stax

Credit card processing can be overwhelming, expensive, and confusing. Credit, debit, and digital payments have far and away become the most popular payment method. If your AOV is above $25, you must accept credit cards. TL;DR There are several parties involved in credit card processing.

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Credit Card Merchant Services: What to Look for (and What Most Businesses Miss)

Stax

Credit card merchant services are often viewed as a back-office function or necessary cost. In this blog, we’ll explore how to approach credit card processing like an opportunity instead of just another expense. Talk to sales What Are Credit Card Merchant Services?

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Payment Gateway Fraud Detection & Prevention: Everything You Need to Know

My Payment Savvy

Criminals are running automated scripts to test stolen credit cards through your checkout, probing for weak spots in your fraud detection, and looking for ways to exploit your checkout system to process fraudulent transactions, leading to chargebacks and financial loss.

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Credit Card Payment Integration: How to Integrate Payments into Your Website and Point of Sale

Stax

One way to do this is by offering credit card integrations. Heres what companies need to know about credit card integrations and how they can handle payments. The data is then submitted to a payment processor, which directs the payment to a credit card interchange. Need to integrate payments?

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Credit Card Processing Rates: How Much Does It Cost to Process Payments in 2025?

Stax

For many small business owners, credit card processing fees may seem like a hefty price to pay for providing convenience to customers. Even if you consider them to be a cost of doing business, credit card fees can quickly eat away at your already slim profit margins. Let’s get started.

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AI x Payments: From Fraud Detection to Hyperpersonalised Checkout

Finextra

Real-Time Fraud Detection: Defence at Machine Speed Traditional fraud systems rely on static rules and after-the-fact analysis. But fraud doesn’t wait, and neither can protection. For example, given a merchant, which is the best credit card to use depending on the highest rewards for that merchant spend category. (3)