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Payments Canada names Garry Foster new board chair
… New directors Saigin Govender, Fariba Rawhani, AnneMarie Ryan, … elected Garry Foster as the new chair of the board of directors at its Annual Member Meeting, and appointed four … include debit card payments, pre-authorized debits, direct deposits, bill payments, wire payments and cheques initiated …
Connect with the best thinkers, leaders and innovators in payments at The SUMMIT
… control of their financial futures. Ron Morrow, Executive Director, Payments, Supervision and Oversight, Bank of … changes to retail payment supervision. Sarah Paquet, Director and CEO, FINTRAC in a panel discussion on … include debit card payments, pre-authorized debits, direct deposits, bill payments, wire payments and cheques. Payments …
The current Canadian framework (Duplicate Items, part 3)
… well? Opportunities to prevent and detect duplicates At the depositing customer's bank Duplicates can be prevented at the depositing customer's bank through effective cross-channel … next article in this series. 1 CPA Rule A4 - Returned and Redirected Items back to reference   …
Lessons learned from the U.S. experience (Duplicate Items Part 2)
… in the past decade, and many U.S. banks now offer Remote Deposit Capture (RDC) solutions and services. These allow … create duplicates. For example, a fraudster could deposit a cheque via RDCat multiple banks and try to collect the funds from each one. Or they might deposit a cheque via RDC at one bank and then take the paper …
Canadian small businesses face continued struggles from pandemic headwinds
… a decrease in the use of: Cash (33 per cent) Cheques from deposit accounts (25 per cent) And an increase in the use … in fraudulent activity since the onset of the pandemic directed through different channels, including: Text … (25 per cent) Despite the increase in fraudulent activity directed at businesses, 51 per cent of businesses say that …