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… businesses and why expanded access to Canada’s payment system is critical to ignite competition and innovation. …
… A core payment system is defined as one that (i) includes at least clearing … is central to the efficiency and stability of the financial system and economy. … Core payment system …
… obligations where a shock, disruption or failure of the system has the potential to affect, on a national scale, the … payments, thereby reducing confidence in the payments system more generally. … Prominent payment systems …
… An entity that controls the functioning of a system including its operating rules, policies and … or rely on a third party to perform some functions. … System Operator …
… In his role, Peter protects our critical national payment systems and our organization from top and emerging risks, … McMaster University. … Perspective Keeping Canada’s payment systems safe through effective risk and security management. …
… an overall net benefit relative to our current centralized systems. Phase ll’s findings included an acknowledgement …
… technology, rules and processes needed by any payment system … Core payment system or infrastructure …
… critical to the economy but a shock or disruption in one system would likely have limited impact on consumers and … and would be less likely to affect the Canadian financial system and economy. … National retail payment systems …