Search results
… presents an opportunity to modernize the Canadian Payments Act to strengthen financial competition, innovation, … Act .” Currently, Payments Canada membership is limited to banks, credit union centrals, and select other financial … to include payment service providers registered with the Bank of Canada, provincially regulated credit unions, and …
… Several central banks around the world, including the Bank of Canada, are exploring a central bank digital … brings many benefits, but what are the possible negative impacts? Joining me today to discuss this and more are two …
… Payments Canada has responded to the Bank of Canada’s public consultation on draft supervisory guidelines for the Retail Payment Activities Act (RPAA) . This consultation sought feedback … suggests close collaboration and open dialogue with the Bank of Canada. Payments Canada looks forward to the …
… consultation on the Review of the Canadian Payments Act. In 2015, the Government made several changes to the Canadian Payments Act to reform the governance structure of Payments Canada, … priority objectives, and have enabled us to set in motion actions to achieve them. Going forward, Payments Canada is …
… to rules, by-laws and standards. The Canadian Payments Act (CP Act) sets out the legal framework for the CPA, … system, the Minister must consult with the Governor of the Bank of Canada before issuing the directive. The Payment Clearing and Settlement Act assigns the Bank of Canada responsibility for overseeing clearing and …
… OTTAWA, October 17, 2017 — Payments Canada, the Bank of Canada and TMX Group today announced a new … the clearing and settlement of securities using the central bank cash-on-ledger model. This platform would seek to … innovative technologies to optimize the business transaction process for all Canadian investors,” said John Lee, …
… are disappointed that amendments to the Canadian Payments Act (CP Act) to expand Payments Canada’s membership were … of financial market infrastructures designated by the Bank of Canada. To gain membership, these entities would … Fairer external complaints handling system for banking: The government proposes a single, not-for-profit …
… of the federal government to amend the Canadian Payments Act to broaden Payments Canada’s membership. Broader access … or a transactional level, payments are an important banking service that enables our members to quickly, easily, … from the same payment opportunities, whether it be from banks, credit unions, or fintechs within that ecosystem. So …
… Wise was the first non-bank to connect with the Bank of England’s Faster Payments Service (FPS). Nick Catino, Global Head of Policy & Social Impact, shares the benefits and opportunities that Wise …
… to be used between its member financial institutions, and acts as the knowledge leader for ISO 20022 in Canada by … on behalf of ISO by SWIFT (the Society for Worldwide Interbank Financial Telecommunication) as the Registration … 20022 messages for use in AFT as well as other corporate-to-bank and bank-to-corporate messages. Since that time, the …