Industry committee  The CPA, being in the back of the payment stream, doesn't have linkages directly to consumers. Over the past two years we've made it a priority to reach out and establish relationships with each of the major consumer groups across Canada, so much so that we formed our own council

Industry committee  In addition, the task force that's looking at the payments system review right now is driven by a set of principles, and one of those is light regulation. The CPA has advocated not only light regulation but more principle-based regulation. Technology is moving so quickly that reg

Industry committee  The marketplace in which we work today is very complex. The CPA, for example, back in the early days, worked strictly with the financial institutions, and we found that was no longer a strategy for success. We need to embrace all of the various players within the industry. If y

Industry committee  It's not a simple one; it's a very complex challenge, particularly among the small to medium-sized businesses. Many of them are only now becoming really automated with their accounts receivable and their accounts payable processes. Until this time they've relied on cheques to giv

Industry committee  It's a major provider of a software application used for financial services.

Industry committee  “Doug” is good.

Industry committee  I would add from the CPA's perspective that we looked globally at what the developments have been in other countries. Some countries had a particular need that the mobile could address. I don't have to look any further than South Africa. They were underserved by banks, by bank br

Industry committee  We've been doing work in the recent past that will continue through 2012 to try to promote the introduction of global standards for payments. That will allow the financial institutions and the scheme operators to develop or expand existing platforms, which should drive further ef

Industry committee  Thank you, and good afternoon. I'd like to thank the committee and the members for the invitation to give the CPA the opportunity to come here and contribute to your study. By way of background, the Canadian Payments Association was created by an act of Parliament in 1980. Our

Industry committee  Well, you are correct. The interchange fee within the Interac environment has been set. I'm not sure of the exact level, but I know what it was. Around the world, the fees all vary, and the direction of the interchange fee could vary between whether it's a POS system at the mer

Industry committee  That's not really an issue from the CPA's perspective, but my observations are that within Canada we do see, for example, at least two financial institutions that offer debit cards that attach loyalty points to them. I've not done a survey, but I am aware that there are at least

Industry committee  Yes. They're tending to go that way.

Finance committee  That's not really an issue from the CPA's perspective, but my observations are that within Canada we do see, for example, at least two financial institutions that offer debit cards that attach loyalty points to them. I've not done a survey, but I am aware that there are at least

Finance committee  Yes. They're tending to go that way.

Finance committee  Well, you are correct. The interchange fee within the Interac environment has been set. I'm not sure of the exact level, but I know what it was. Around the world, the fees all vary, and the direction of the interchange fee could vary between whether it's a POS system at the mer