Search

… 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 …

… 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 …

… of Finance released the highly anticipated Retail Payments Activities Act (RPAA) regulations . 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 …

… 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 …

… in the 2023 Fall Economic Statement Implementation Act . Payments Canada has submitted a written response 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 …