Canadian Bank Note Co. has been the government’s currency printer of choice for more than a century. But now the Ottawa firm faces an epic battle against Apple Pay and a slew of other electronic payment apps. Associate business editor James Bagnall examines the forces producing cash’s decline and how Ottawa’s bank note printer will adapt.
The call came through on Ronald Arends’ private line around 3:10 a.m. on June 25, a Saturday.
“We’ve got a fire, and there’s lots of smoke,” said his press operator at Canadian Bank Note Company.
Despite the hour, Arends, the firm’s chief executive, was now fully awake.
“Adrenaline …read more
Source: Ottawa Citizen
