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2014: Peoples Trust and InComm launch first MasterCard prepaid card for mobile payments in Canada. 2012: Peoples Trust launches it online banking platform 2008: Peoples Trust becomes a Visa Issuer, one of the first institutions in Canada to have both Visa & MasterCard products. 1987: Peoples Trust becomes one of the first Mortgage Backed ...
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In 1992, it acquired Peoples Department Store, a competitor. From 1994, the Wise brothers' business interests went through a difficult time. To reduce costs, they developed a scheme where certain inventory would be purchased through Peoples and then transferred to Wise on credit. Soon, Wise owed more than $18 million to Peoples.
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