SolidTrust Pay among Top 10 Canadian Finance Companies based on 5-year Growth

SolidTrust Pay Profit 500 ranking

SolidTrust Pay is one of Canada’s fastest-growing Finance Companies

Canadian Business and PROFIT today ranked SolidTrust Pay No. 187 on the 29th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the October issue of Maclean’s magazine and at CanadianBusiness.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth.

Read the official press release.

SolidTrust Pay made the 2017 PROFIT 500 list with five-year revenue growth of 344%. That percentage earned us the 9th spot overall among 28 financial services companies on the list.

SolidTrust Pay ranks 9th fastest growing finance company in Canada

SolidTrust Pay ranks 9th fastest growing finance company in Canada

We’re happy to have made the top 10 in the financial sector, and we plan to continue building on our momentum to reach out into the world and bring more people better services.

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About the PROFIT 500
For 29 years, the PROFIT 500 has been Canada’s most respectable and influential ranking of entrepreneurial achievement. Developed by PROFIT and now published in Maclean’s magazine and at CanadianBusiness.com, the PROFIT 500 ranks Canadian companies on five-year revenue growth. For more information on the ranking visit PROFIT500.com or CanadianBusiness.com.

About Canadian Business
Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country’s premier media brand for executives and senior business leaders. It fuels the success of Canada’s business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.


Equifax Data Breach and SolidTrust Pay

Credit-monitoring company Equifax Inc. suffered a security breach that could affect up to 143 million people in the United States, as well as expose the “limited personal information” of an undisclosed number of Canadian and British Equifax users.

Equifax did not indicate the number of Canadians/British that could be affected or how, and Equifax Canada spokesperson Tom Carroll said the company is not providing any further information on the impact of the hack in Canada.

Based in Atlanta, Equifax is one of three major credit bureaus in the United States. Between May and July of this year, the company stated that cyber-attackers exploited a U.S. website application to access files which contained the personal information sought by the hackers.

“On a scale of 1 to 10, this is a 10 in terms of potential identity theft,” said Gartner security analyst Avivah Litan. “Credit bureaus keep so much data about us that affects almost everything we do.”

Names, addresses, birthdates, social security numbers and drivers license numbers were all among the information obtained. Equifax said its core credit-reporting databases don’t appear to have been breached.

“This is clearly a disappointing event for our company, and one that strikes at the heart of who we are and what we do,” Equifax CEO Richard Smith said in a statement. “I apologize to consumers and our business customers for the concern and frustration this causes.”

For more information, and to find out if you have been personally affected, you can use the website www.equifaxsecurity2017.com, which has been set up by Equifax. The website allows users to verify if their information was potentially affected, and helps them sign up for the free credit-file monitoring and identify-theft protection offered by Equifax in light of the breach.

NOTE: Some people are furious about the site’s functionality, and it includes an arbitration clause, which means that people who use the site waive their rights to a class-action lawsuit.

While SolidTrust Pay was not affected by the attack, events such as these serve as a reminder to always employ best security practices. We suggest that users update passwords and use a password manager, delete old accounts with personal information if you are no longer using them, and follow our 10 steps for better internet safety!