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… Changes to the Canadian Payments Act will benefit Canadians. Payments Canada applauds the … included in the 2023 FES include: Consumer Driven Banking — The federal government will introduce legislation … through Budget 2024 to establish a consumer-driven banking framework that would regulate access to financial …
… to enhance the financial consumer protection framework, the Bank Act, federal financial institution legislation and the … clarity to guide the operations of federally regulated banks. Amendments to the Bank Act will be proposed to …
… needs. Our work is underpinned by the Canadian Payments Act (CP Act), which sets out our legal framework, including … from players across the Canadian financial ecosystem. Banks, credit unions, fintechs and other financial services … the Retail Payments Activities Act (RPAA), overseen by the Bank of Canada and subject to the risk management …
… Our membership at Payments Canada includes the Bank of Canada, domestic banks and authorized foreign banks and other deposit taking … institutions. The amendments to the Canadian Payments Act in 2001 opened membership to life insurance companies, …
… innovative and consumer-focused services meet their banking needs. Feedback from this process will be considered … Payments Canada has supported changes to the Competition Act and Competition Bureau to enable more competition and … Payment Activities Act (RPAA) and the expansion of the Bank of Canada’s mandate to provide oversight of Payment …
… past quarter cleared and settled over 2.27 billion transactions valued at more than $29.56 trillion . On March 20, … you to our Lynx participants, Swift, IBM and Nexi and the Bank of Canada for your support throughout the Lynx program. … you to read this interview with Ron Morrow from the Bank of Canada and listen to this episode of The PayPod …
… technology TORONTO, May 11, 2018 – Payments Canada, the Bank of Canada, TMX Group and Accenture have demonstrated … is feasible, showing for the first time that both central bank cash and assets can be tokenized to complete an … leveraging R3’s Corda DLT platform. It explores the impact and potential benefits of DLT on broader Canadian …
… around the recommendation to amend the Canadian Payments Act to expand Payments Canada’s membership eligibility to … Amendments to the Canadian Payments Act As the Bank of Canada proceeds with the implementation of RPAA, it … 1 Membership in Payments Canada is currently limited to banks, credit union centrals, and a select few other …