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… to extend membership eligibility to RPAA-registered PSPs, credit union locals, and operators of financial market …

… under consideration (i.e., advice-based open banking vs. credit-based open banking). Advice-based open banking refers … space include First Wealth and Open Advice. By contrast, credit-based open banking refers to the use of financial … parties for the primary purpose of extending loans and credit to clients; these include buy now, pay later (BNPL) …

… negative growth in payment card use. Despite an increase in credit card use as part of an e-commerce boom (which … demonstrated 20 per cent year-over-year growth in 2020), credit card use declined by 11 per cent and debit card use … This is due to a decrease in spending overall in 2020; credit cards remain the most used payment method, followed …

… Credit card use grew 30 per cent while cash use declined 41 … years ago, total payment value increased by 21 per cent.  Credit cards represent 33 per cent of payment volume in … the Canadian payment landscape. Year-over-year trends: Credit and debit cards continue to be the top two payment …

… New credit risk model enhances safety and soundness of retail … market infrastructure for payments, is implementing a new credit risk model for the country’s retail payment system, … best practices and risk management standards. The Interim Credit Risk Model will see system participants pledging …