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… spending less overall; 50% making more e-commerce purchases Despite the economic turbulence from the pandemic, new data … of emergency was declared in Canada, we continue to see the prevalence of a number of pandemic fuelled payments trends. … catapulted a shift towards digital and contactless payment preferences. We are also seeing increases in e-commerce use. …

… submitted its response to Innovation, Science and Economic Development Canada (ISED) public consultation on the … on the Review of the Canadian Payments Act . Given the prevalence of digital payments and the acceleration of this … its competition policy framework in recent years. In 2021, President Biden signed an Executive Order to establish a …

… Read the response to FINA’s 2023 pre-Budget consultation Payments Canada has submitted a … Standing Committee on Finance (FINA) as part of its 2023 pre-budget consultation. The response is centered around the … eligibility to local credit unions, payment service providers and financial market infrastructure entities that meet …

… the interests and views of the author(s), and are not intended as an official Payments Canada statement or position. … that a global economy increasingly driven by digital data presents new risks and opportunities.  Countries such as … are considering laws to address aspects covered in PSD2.  Mexico’s recently enacted FinTech Law mandates the use of …

… Traditional payment methods still prevail, but cash and cheque decline accelerates as businesses and consumers adopt new … clearing and settlement systems," said Gerry Gaetz, President and CEO of the CPA. "While traditional payments …

… Standing Committee on Finance (FINA) invited stakeholders to submit what they would like to see included in the … leading trade association for the payments industry. ETA represents the breadth of the payment industry, including … and merchants.  The ETA’s recent submission to FINA's 2024 pre-budget consultation process highlighted the need for …

… associated with employee payroll and bill payments. Alongside infrastructure enhancements at Canadian financial … journey to modernize Canadian payments,” said Gerry Gaetz, President & CEO of Payments Canada. “Canada’s ambitious … roughly 1.7 billion payments in Canada every year and represent the greatest value of payments in Canada’s retail …

… Canadian business community leaders and financial institutions endorse ISO 20022 adoption … more data with electronic payments,” said Gerry Gaetz, President and CEO of the CPA. “The adoption of ISO 20022 … to their customers.” The demand for ISO 20022 is widespread amongst Canadian businesses: “Using one set of payment …

… to Rule H1 . These changes were introduced to improve the pre-authorized debit experience for consumers and businesses. Amendments to this rule now make pre-authorized debit agreement obligations easier to …