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… number or email address that can be securely linked to a bank account. Transferring funds into someone else’s … as credit unions, building societies and smaller regional banks. We’ll also be looking at what proportion of accounts … platform is reachable by close to four out of every five bank accounts in Australia, and within the year, we’re …

… Payments Canada, the Bank of Canada, financial innovation firm R3 Lab and … ledger technology (DLT) – a shared database – for interbank payments. The associated project, named Project Jasper, … industry. It is the first time in the world that a central bank participated in a DLT experiment in partnership with …

… it. But Canada's legislation in regards to access to our national payment system has stayed the same. 2001 was the … or a transactional level, payments are an important banking service that enables our members to quickly, easily, … across the street or across town, to a cross border or internationally. In either case, for consumers, for businesses, …

… such as PayPal, Apple Pay, and Square. Under the RPAA, the Bank of Canada will regulate payment service providers doing … of Justice to draft the regulations with advice from the Bank of Canada. The Bank of Canada has established the Retail Payments Advisory …

… . Ron Morrow, Executive Director – Supervision at the Bank of Canada shares how the RPAA will support payment … which can be provided before March 28, 2023. Why is the Bank of Canada introducing the Retail Payments Activities … was approved by Parliament in June 2021. Under the Act, the Bank will be responsible for supervising payment service …

… the customer’s name, address, and date of birth - via their bank. The customer can approve that request and set a … are also very motivated to come together to make the banking system a more secure place for the benefit of … by ensuring customer privacy. Customers don’t want their banks to know too much, such as where they go or what they …