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… 2015 This paper investigates the impact that the emergence of Automated Funds Transfer (AFT) payments has had on cheque use in Canada. We find that AFT payments have played a role in the declining use of cheques during the past decade. Nevertheless the use of …
… Canada has submitted a written response to the House of Commons Standing Committee on Finance (FINA) as part of … amending the Canadian Payments Act (CP Act) as part of the Government of Canada’s 2024 Fall Economic Statement to … growth in electronic payments and online commerce. Cash and cheque payments have declined dramatically. Businesses are …
… On November 2, 2023, the Ontario Government released its Fall Economic Statement (FES), … and the economy,” said Donna Kinoshita, Chief Payments Officer at Payments Canada. “Modern payments require modern … service providers, credit union locals, and operators of financial market infrastructures that meet regulatory and …
… Nick Catino, Head of Policy and Campaigns (Americas) at Wise (formerly … one of the most important financial policy initiatives the government can lead. Payments are the part of finance that … consumers avoid hefty fees from overdraft and cheque cashing, while small businesses unlock working capital that …
… Canada has submitted a written response to the House of Commons Standing Committee on Finance (FINA) as part of … in advance of 2023 federal budget Recommendation That the Government of Canada amend the Canadian Payments Act as part … growth in electronic payments and online commerce. Cash and cheque payments have declined dramatically. Businesses are …
… the latest data on Canadian payments trends since the onset of COVID-19, showing that spending below pre-pandemic levels … handle cash, payment terminals and ATMs. Around 58 per cent of Canadians report spending less overall -- compared to 61 … debits, direct deposits, bill payments, wire payments and cheques initiated and received by Canadians and Canadian …
… Read Payments Canada's submission to the Department of Finance's consultation on Strengthening Competition in … public consultation on potential measures that the federal government could take to strengthen competition in Canada’s … is expected to displace inefficient payment methods like cheques and cash, leading to a decrease in aggregate …