Nuevei becomes direct local acquirer in Canada
0
As the company becomes a direct local acquirer, Canadian businesses gain access to faster, more reliable card processing and an enhanced customer experience.
By processing transactions directly through Nuvei, merchants can now capture more sales, reduce lost transactions, and deliver a smoother experience to customers.
This milestone further advances Nuvei's global strategy to establish direct acquiring capabilities in every major market, reinforcing its commitment to building local infrastructure that supports its vision of enabling payments everywhere.
With this announcement, Nuvei provides Canadian Businesses:
Significantly higher approval rates through local processing and intelligent routing
Reduced payment complexity by eliminating intermediaries
Support for major card brands and real-time payout options
Access to over 700 alternative payment methods and 150 currencies for international growth
Unified reporting, easier reconciliation, and improved interchange cost prediction through a single global platform
Enhanced omnichannel capabilities to serve customers seamlessly across in-store and online environments
Increased conversions and better overall payment performance
'Becoming a direct acquirer in Canada reflects our strategy to build direct acquiring capabilities in every major market,' said Phil Fayer, Chair and CEO of Nuvei. 'There is no better place to showcase this than Canada, where our journey began. By combining local acquiring with our global platform, we help merchants achieve higher approval rates, better conversions, and more predictable interchange costs. Alongside powerful omni-channel capabilities and simplified reconciliation, we're giving businesses around the world the infrastructure they need to grow faster and compete globally.'
With its new status as a direct acquirer, Nuvei local acquiring Canada reinforces the company's commitment to empowering merchants with faster, smarter, and more localized payment solutions. This announcement supports Nuvei's broader global strategy to help businesses simplify and scale payments in any market through a single platform that unifies acceptance, optimization, risk, and payouts. Canadian merchants now benefit from the same infrastructure-first approach trusted by many of Nuvei's largest global clients across retail, digital goods, gaming, financial services, and marketplaces.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mirror
20 hours ago
- Daily Mirror
Wimbledon star had £19 in bank and was working as Uber driver before big payday
Carson Branstine made her first appearance at Wimbledon this year, but the American-born Canadian was forced to make some drastic decisions to get herself there Carson Branstine once found herself in tears after realising her bank balance had fallen to less than £20. This financial catastrophe ended up leading the tennis star to an unexpected career detour – delivering for Uber Eats. Despite this setback, Branstine made a memorable debut at Wimbledon this year, battling through three qualifying rounds to reach the main draw at the prestigious All England Club. Her first-round match was as tough as it could've got, being pitted against world No. 1 Aryna Sabalenka. She put up a good fight but ultimately was defeated in straight sets of 6-1, 7-5. Although her Wimbledon journey ended early, the experience proved invaluable for her sporting and financial prospects. The French Open junior doubles champion shared her story on the Tennis Channel, revealing her initial embarrassment about her side job and highlighting the harsh economic realities faced by young athletes. Branstine said: "Yes it's true. I was like a little bit embarrassed by it at first when I told you guys, I was like, 'Oh man, is the whole world going to know this?' "But yeah, in February because you know when you are playing ITFs and you're funding your whole life as a young adult, things are expensive. "Living in Southern California, just filling up my gas tank was taking a huge hit at my account, and I'm like, 'Oh my gosh, how am I going to play a tournament, let alone live?'" Branstine opened up about the moment she realised how bad things had got financially, which left her deeply upset and forced her to seek alternative avenues. She said: "So, literally, the days or few weeks before I made my first WTA final in Cancun. "I looked at my account one morning and I saw $26 (£19) in my account. And I was crying, I called a couple of my friends. I didn't call my parents. "I was like, 'Oh my gosh, if they hear about this, like they're going to be so mad at me.' So I was like, 'Okay, this is like, you know, you don't have to think. "'I'm just going to do it.' So I was driving around Los Angeles delivering people's dinner after practice." While Branstine's Wimbledon journey has come to an end after her first appearance, the £66,000 prize money from reaching the first round should hopefully boost her once-empty bank account. And considering this year marked her debut at both Wimbledon and the French Open, things are looking up for her.
ITV News
a day ago
- ITV News
Could airlines be the new target for hacking group Scattered Spider?
It was the hacking group linked to both the M&S and Co-op cyber attacks, but it appears Scattered Spider has a new sector in its sights. Initially targeting retail companies, the group now appears to be setting its sights on the aviation industry. In the US, the Federal Bureau of Investigation recently posted on the social media platform X, raising the alarm. Both Google and the US cybersecurity company Palo Alto Networks have also warned of the potential threat. In a statement posted on LinkedIn, Sam Rubin of Palo Alto said that the company has "observed Muddled Libra (also known as Scattered Spider) targeting the aviation industry". Google experts reported similar findings. Charles Carmakal, an executive for Google's cybersecurity unit, said the company was "aware of multiple incidents in the airline and transportation sector which resemble the operations of UNC3944 or Scattered Spider". No references were made to any specific airlines, but recently Canadian airline WestJet, Hawaiian Airlines and Qantas have all suffered from cyber attacks. The airlines have not released any details on potential links between the incidents and Scattered Spider, but the hacking group has been blamed for some of the most disruptive hacks across the UK and US in recent memory. Who are Scattered Spider? According to America's Cyber Defence Agency, Scattered Spider is a cybercriminal group that targets large companies and their IT help desks. Scattered Spider members have typically engaged in data theft for extortion and have been known to use BlackCat/ALPHV ransomware. The group initially dabbled in financial fraud and social media hacking but has become more advanced, conducting data breaches and stealing cryptocurrency. Some of its members are as young as 16 years old and meet on hacking forums, discord servers and Telegram channels. Why the aviation sector? ITV News spoke to cyber security expert Graham Cluley about the reasons why the aviation sector is likely on the target list. "Airlines and firms in the aviation industry consist of an attractive cocktail of critical infrastructure, sometimes outdated tech, and massive customer databases that can prove irresistible to hackers," he said. "Many aviation industry businesses still rely on legacy systems bolted onto newer platforms, which determined hackers like Scattered Spider love to exploit. "Plus, of course, with the summer holidays about to begin and many travellers planning to jet overseas, hackers will view that as a greater incentive than ever for airlines to pay up, rather than cause chaos for their customers." A spokesperson for the UK Civil Aviation Authority (CAA) told ITV News: 'We are aware of rumoured activity. We are in contact with the National Cyber Security Centre and have warned our industry contacts about this group and the techniques they use.' How can airlines be better equipped to deal with potential threats? Mr Cluley said airlines need to harden their defences to prevent attacks like this from happening. "Many hackers break into systems via stolen or phished credentials," he explained. "Scattered Spider, for instance, has often used the ploy of posing as employees who have been locked out of their accounts, and tricking service desks into giving them access. "Additionally, the air industry needs to keep a close eye on its third-party suppliers - especially those which have privileged access to its network or data. Supply chain attacks are a favourite amongst hackers." "Hopefully businesses in the air industry are also 'hacking themselves' - in other words, simulating the methods used by hackers to find weaknesses in their systems before they are exploited by cybercriminals," he continued. "Finally, there's a lot to be said for staff training - educating them about how hackers trick staff into making mistakes that can result in a cyber attack succeeding." As a customer, it's important to ensure you have the best measures in place to protect yourself if an airline is targeted. "It's the airline that gets hacked, not you," Mr Cluley said. "But it might be your data that ends up in the hands of cybercriminals". He recommends using unique, strong passwords and advises customers not to use the same password for different places on the internet. "Where possible, enable multi-factor authentication (also known sometimes as two-factor authentication)," he said. He also said that paying with a credit card makes it easier to get your money back if fraud occurs. He added: "You may also be wise to use a 'virtual card' which has a lower spending limit on it or can be locked to a specific merchant. "Some banks offer this facility - making it possible to create a unique card number that is linked to your real account but cannot be reused elsewhere. If a travel site or airline is breached, your actual credit card number isn't exposed."
Fashion United
2 days ago
- Fashion United
K-Way appoints head of international business
Outerwear brand K-Way has appointed Marco D'Avanzo as head of international business. D'Avanzo announced this news via his own LinkedIn profile. He began his new role with the originally French brand on July 1. Italy-based D'Avanzo is no stranger to fashion retail. From October 2016 to April 2025, he was general manager at the Canadian brand Moose Knuckles. There, he was responsible for the brand's international expansion, and oversaw the launch of new stores, including on P.C. Hooftstraat in Amsterdam. Before his time at Moose Knuckles, he was sales director at Woolrich for four years. Prior to that, he held the role of sales manager at Guess Europe and Versace for many years. D'Avanzo comes on board at a time when K-Way is expanding rapidly. In March, Alessandro Boglione, vice president of the Italian parent company BasicNet, told FashionUnited about opening several stores in the Benelux through a partnership with Fashion Club 70. A month later, the second store opened in Antwerp. Worldwide, K-Way has more than 119 of its own stores. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
