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… Credit unions are an important driver of competition in the banking sector and consumer access to financial services. … to offer mobile cheque deposits and they created the Exchange Network, which allows members to connect to credit … as well as obtaining a settlement account from the Bank of Canada. Each credit union will need to assess these …

… committees and working groups hosted by Payments Canada, Bank of Canada and our industry partners. We have developed … Starting in the fall of 2018, the additional exchange window for EFT* and the change to ensure incoming … more about why and where money is moving. As a cross-border bank, we’re also  encouraged by the prospect of making …

… Canadians to pay for goods and services, transfer money and exchange data about their payments. Supporting innovation at …

… and availability, and the impact of the third batch interbank exchange window to clients. The organization’s operating …

… the PAD framework. Rule H1 outlines the procedures for the Exchange for the purpose of Clearing and Settlement of PADs …

… of money , and the potential need for a central bank digital currency, otherwise known as CBDC. Today, the Bank of Canada, which serves as Canada’s central bank, is building the capability to issue a digital version …

… Amendments to the Canadian Payments Act As the Bank of Canada proceeds with the implementation of RPAA, it … few other financial institution types. Only members may exchange, clear and settle payments across our systems. The … to directly settle securities, derivatives and foreign exchange transactions, as is possible in comparable …