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… these newly regulated companies will be eligible for direct access to the payment system via amendments to the … Payments Act. And, finally, on a parallel track is consumer-directed finance*, also known as open banking, which will … lower costs, and increased innovation. Finally, consumer-directed finance* will allow consumers to efficiently manage …

… opportunities for future AFT growth. AFTs are electronic direct credit or direct debit transactions, commonly known in Canada as direct deposits or pre-authorized debits (PADs). They are …

… , about becoming a Payments Canada member, being granted a direct settlement account at the Bank of Canada and what the … is an important catalyst for getting us there. Having direct access to payment infrastructure is critical to … meantime, we’re excited to see what other opportunities our direct settlement account will present. Things like …

… pre-authorized debits (PADs), electronic bill payments and direct deposits). In managing its systems and related …

… a member of Payments Canada is one of the requirements to directly participate in our systems. For those who may not … as well as access to member reports and research. Direct system participation can also result in greater … of Payments Canada is only one requirement to participate directly on our systems. Other requirements include …

… you should do: Always verify the URL or when in doubt go directly to payments.ca if you are unsure a website is … bank account, please contact your financial institution directly. For more information on how to protect yourself …