Industry Updates

We're proud to share that EQ Bank officially launched the EQ Bank Business Card on June 18, 2026. As one of Berkeley's premier partners, EQ Bank is Canada's Challenger Bank™ and seventh-largest bank by assets. 

Launching a card program can feel like a major growth opportunity at first. A wealth management firm wants to give clients spending access. A payroll platform wants faster payouts. A CPG company wants to run an incentives or rewards program for customers. The business cases are seemingly endless. 

Someone taps their card to pay for a coffee. There’s a quick beep, the transaction is approved, and they walk away. It feels instant.

Imagine this scenario: a card program migrates to a new platform over a weekend. By Monday morning, customer support lines are overwhelmed. Legitimate purchases are being declined and recurring payments are failing. Customers who rely on the card for their most important transactions suddenly can’t use it.

Within a business, money is constantly in motion. Contractors get paid, claims are settled, incentives are issued, vendors are reimbursed. In large organizations, that can mean thousands of transactions happening in the background every day.

OneOnMe is a social gifting platform built around a simple idea: make it easy to send real-world experiences as gifts, instantly.

Real-time payment rails, embedded finance, and rising customer expectations have pushed payments into the center of how businesses operate. 

On February 17, 2026, the Bank of Canada did something it had never done before under the newly enacted Retail Payment Activities Act. It issued an immediate compliance order against XTM Inc., ordering the company and its affiliated entities, including the AnyDay platform, to cease all payment activity, effective immediately.

Imagine a family displaced by a wildfire. Their home is gone and personal belongings are lost. Identification, bank cards, and access to online banking may no longer be available.

The economics of payment have changed. Across consumer payments, settlement cycles have collapsed, and money now moves when value is exchanged, not days or weeks later.