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… were last made, a time long before the proliferation of electronic funds transfers and digital banking. This is … The growth of Canada's digital economy and the rise of electronic payments have created a need for more information … or syntax, which supports interoperability and more remittance information within the payment message. Payments …

… and consumers: Payment messages will carry enhanced remittance information; Increased end-to-end …

… infrastructure. One of those submissions was from the Electronic Transactions Association (ETA). Scott Talbott is … merchants and the economy. Can you tell us about the Electronic Transactions Association (ETA) and its role in … payment infrastructure. Why is broader access important for electronic payment service providers? How does it benefit …

… 21. Today, nearly 100% of cheques in the U.S. are cleared electronically. Image technology has advanced significantly … app or cheque scanner and submit the images to the bank electronically. This eliminates the need for the customer to … of duplicates in Canada once all of our cheques are cleared electronically, our numbers could grow to upwards of 80,000 …

… institutions and their customers include access to enhanced remittance data, support for global interoperability, and a …

… as tapping a card or phone at point-of-sale, sending funds electronically through INTERAC e-Transfers, making more … payments, leveraging credit cards, INTERAC e-Transfers, and Electronic Funds Transfers (EFT) more frequently and reducing their use of cheques. Wider adoption of electronic payments by businesses is expected once faster …

… moving towards becoming cashless societies. In Canada, electronic payment alternatives to the use of cash have … form of credit and debit cards with merchants, a variety of electronic payment instruments options for conducting … for P2P payments. Despite the progress made with electronic payments, cash volumes remain relatively high in …