Welcome to the adventure that is currently the Payment Processing Industry in Canada. It is a long trail of mystery, deceit, corruption and hard-to-imagine profits, in an environment of, until very recently, little or no regulation. This path produced merchants laid bare, like a Thanksgiving turkey, to the vice of the payment processing companies, especially the Canadian banks, plucking and carving up the merchant market spoils. Merchants didn't stand a chance in the secretive, convoluted, unregulated environment that they were subject to!