Consumers to reap rewards as credit card industry evolves | Money | Toronto Sun


Consumers could come out on top as Canada’s credit card industry adapts to new rules and spending habits, turning one of the most profitable markets for the big companies into the least, Deloitte said in a report Thursday.

The industry is at a turning point and creative card issuers will seize the opportunity to innovate, according to Patricia Daley, leader of Deloitte Canada’s payments practice.

“This will bring about a new generation of card and payment services — many of which will directly benefit Canadian consumers,” Daley said in a release.

via Consumers to reap rewards as credit card industry evolves | Money | Toronto Sun.

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