Not only that but in my experience there are far more options for processors within the US and they are not as conservative in some cases (or so it seems). In

Not only that but in my experience there are far more options for processors within the US and they are not as conservative in some cases (or so it seems). In Canada we have a number of processors but there are only two (TWO!) acquiring banks. TD and CIBC if I remember correctly. I believe that relationship has caused a monopoly at the top and extremely conservative processors here in Canada. I base this on information I've gathered over the last year and a half as a merchant and represents my best knowledge of the industry - if I'm incorrect in any of this I'd love to hear it as it may provide a path for me to loosen some of the chains. It's very, very difficult to progress with an innovative payments model in Canada due to this.