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… government committed to amendments of the Canadian Payments Act (CP Act). This is tremendous news for the Canadian … out who is eligible to access a given system and how. The Bank of Canada also plays a very important role, assessing … account the interest of users, and need to consider the Bank of Canada's oversight expectations for our systems, …

… consumers and the economy; why the Canadian Payments Act and the Retail Payment Activities Act are needed to … protection; why there couldn’t “BE” a better time for open banking in Canada; the benefits that faster payment options … protection; why there couldn't be a better time for open banking in Canada; the benefits that faster payment options …

… The Government of Canada published the final Retail Payment Activities Act (RPAA) Regulations on November 22, 2023. Payments Canada commends the government, the Bank of Canada and their stakeholders for the effort and … risk requirements. PSPs must also register with the Bank of Canada to operate under the RPAA. After changes are …

… government: to make amendments to the Canadian Payments Act part of Budget 2023 to expand Payments Canada’s … Under the RPAA, PSPs will be required to register with the Bank of Canada and comply with operational risk management … financial market infrastructures that are designated by the Bank of Canada to be eligible for Payments Canada membership …

… to consult on the regulations under the Retail Payment Activities Act (RPAA) in the coming fall. This is very good … 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 …

… October 11, 2024. Recent changes to the Canadian Payments Act will give credit unions more options to influence and … Credit unions are an important driver of competition in the banking sector and consumer access to financial services. … as well as obtaining a settlement account from the Bank of Canada. Each credit union will need to assess these …

… of Finance’s proposed regulations under the Retail Payment Activities Act (RPAA). The regulations are focused on … requirements. Payments Canada believes guidance from the Bank of Canada regarding exclusions from their supervision … system. In addition, Payments Canada recommends the Bank of Canada’s supervisory framework consider the …

… What is the Canadian Payments Act ? The Canadian Payment Act (CP Act) is the legislation … to be Payments Canada members. Currently, that includes banks, credit union centrals and very select other financial … Payment service providers who will be registered with the Bank of Canada They help businesses, people and the …

… input on regulations that will support the Retail Payment Activities Act (RPAA) , which were published on February 10, … PSPs will also be required to register with the Bank of Canada to operate under the RPAA. The release of the … payment systems. Bringing PSPs under the regulation of the Bank of Canada will support their ability to be granted …

… Canada (ISED) public consultation on the Competition Act and the future of competition policy in Canada. In … the proliferation of electronic funds transfers and digital banking. This is changing, but slowly. Consistent with the … the Retail Payments Activities Act and the expansion of the Bank of Canada’s mandate in this area to provide oversight …