Finance Committee on March 4th, 2014

Evidence of meeting #22 for Finance in the 41st Parliament, 2nd Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was debit.

A recording is available from Parliament.

On the agenda

Emerging Digital Payments Systems

MPs speaking

Also speaking

Frank Maduri Senior Director, Product Management, Mobile Payments, BlackBerry

Gerry Gaetz President and Chief Executive Officer, Canadian Payments Association

Kurt Eby Director, Regulatory Affairs, Canadian Wireless Telecommunications Association

Amy ter Haar Chief Executive Officer, Flow Inc.

Caroline Hubberstey Head, External Affairs, Enterprise Strategy, Interac Association

5 p.m.

Head, External Affairs, Enterprise Strategy, Interac Association

Caroline Hubberstey

It should be a living document. As I said earlier it's a pragmatic solution. I think it's done well. The FCAC oversees it and has made some adjustments in clarification from time to time. We certainly firmly believe it should be extended to the mobile environment. A draft mobile addendum has been circulated, as for any emerging technology. It doesn't have to be technology-specific. It sets principles about how the market can unfold in choice and transparency in particular.

5 p.m.

Conservative

The Chair Conservative James Rajotte

There are 30 seconds if anyone else would like to comment.

Mr. Maduri.

5 p.m.

Senior Director, Product Management, Mobile Payments, BlackBerry

Frank Maduri

I think it's important to make it sufficient but living, and the reason is that an example was mentioned about setting defaults on it and not being able to do that. From a usability point of view it would be good to review that in the future, because if it takes x steps to pay with a phone—unlock, do this, select a card—it's going to be a lot easier to use the card you have in your wallet. I think it's sufficient but living, and review some aspects like that.

5 p.m.

Conservative

The Chair Conservative James Rajotte

Okay. That's it.

All right, thank you. Thank you, Mr. Keddy. I want to thank all our witnesses for being here this afternoon and responding to our questions. It's been another very interesting session. I understand, colleagues, we will adjourn and then, for members, there will be at least one presentation of the new technology at the back of the room.

The meeting is adjourned.