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… This article is the first in a series that explores emerging topics in payment policy. Each explains key policy issues … recourse: In the unlikely event that something goes wrong, there must be measures and processes in place to …
… Pre-Authorized debits (PADs) are a powerful tool for businesses. They are sometimes called direct debit, … Cash Management PADs transfer, consolidate or reposition funds between accounts held by your business or closely … to recall it (if it hasn't been processed yet), or issue an error correction (if it's already been processed). You must …
… Several central banks around the world, including the Bank of Canada, are exploring a central bank … currency (CBDC). There are many benefits a CBDC could bring to an economy, however, there are complexities and … Rivadeneyra, PhD, Director, CBDC & FinTech Policy, Funds Management and Banking, Bank of Canada, to discuss the …
… Payments Canada survey reveals that small businesses want the payments industry to continue evolving … and businesses to pay for goods and services and transfer funds. “While our Canadian payments system is recognized as … using Leger’s online panel, LegerWeb. The margin of error for this study was +/- 5.6%, 19 times out of 20. Each …
… Financial institutions have quickly and effectively responded to the Government of Canada’s request to provide a convenient and secure way for Canadians to receive funds from the Emergency Response Benefits (CERB) Plan, to …
… One of the safest, most efficient ways to move money from your account into someone else's is to send a wire payment through your … information, including: account number where the funds are going (excluding spaces and special characters) …
… New research shows that the COVID-19 pandemic has led to an increase in the number of Canadians who participate in … methods than non-gig workers such as EFT (electronic funds transfer), Interac e-Transfer, and PayPal. Favour … Canadian adults between March 5-15, 2020, with a margin of error of +/-2.5 per cent. The sample is nationally …
… Nearly half (46%) of Canadians say they pay more attention to the weather than their paycheque details; 38% unlikely to spot an employer's pay discrepancy Key study findings 47% of working Canadians pay more attention to their … it is unlikely they would notice if there was any issue or error. Nearly half of Canadians say they pay more attention …
… Majority of small businesses do fewer than 25 per cent of their transactions in … (27%), cheque (17%), credit card (19%), automated funds transfer/direct deposit (14%) and debit (6%). Request … was completed using Leger’s online panel. The margin of error for this study was +/- 5.6%, 19 times out of 20. Each …
… Small businesses are the backbone of the Canadian economy accounting … digital payments solutions and services, be it automated funds transfers to help small business members effectively … more information traveling with payments that are sent and deposited will reduce the amount of time our small business …