Public Safety committee  We would not be specific on any incident we are aware of. We assure you that we think about that and take action to prevent that, and that our colleagues in other organizations around us do the same. This is not an unknown for us, or something we're not aware of. We're very clear

Public Safety committee  We don't interact at the point of sale and would have no reason to interact with Apple as a payment provider. Our staff would likely use it, but it's not something that's in our systems or anything. It's not a point of interaction for us.

Public Safety committee  I can answer for Payments Canada. As you can appreciate, we don't speak specifics about the techniques we use, but we're well aware of those techniques, as well as other ones, and we employ those that are most suited for ensuring the safety and security of the system.

Public Safety committee  It's an ecosystem, and there are many actors in it and varying degrees of capability and risk. We know we are stronger when we work together, and the answer to identifying vulnerabilities is to work together in identifying them and to each play our part in resolving and managing

Public Safety committee  We publish a report every year called “Canadian Payment Methods and Trends”, which refers to that. You will see cash diminishing. We believe it will continue to decline, but it will never go away. It's below 50% now, and declining at a rate of somewhere between 5% and 7% a year.

Public Safety committee  We would say that we're seeing a rapid decline at the consumer level. There are still some people who rely on it, and there are some circumstances where that's the only method of payment that is going to work, for a host of reasons. Where we see the biggest need is in the small b

Public Safety committee  No. We're going to replace it.

Public Safety committee  We're very confident with what we have now. There is always opportunity and a need to continue to invest and improve. We are very confident and feel as though we have been responding well, as have our partners in government and elsewhere. There are also needs that emerge as we go

Public Safety committee  Our central clearing system is very similar to those of other G7 countries and other advanced financial infrastructures. We are always looking at opportunities to continue to strengthen the security. We are confident in the position we have right now, and we will always be lookin

Public Safety committee  Yes. As an infrastructure layer, we don't interact with consumers at the bill payment level, but part of our modernization program includes the creation of a real-time payment rail, which would do exactly that—eliminate the lag in deposits, cheque holds, bill payments and the lik

Public Safety committee  As you can appreciate, we wouldn't discuss specific capabilities or principles or how we manage our infrastructure. What you're raising is a very acute thing we're aware of and are concerned about. Part of the motivation for the tracking of supply chain ingredients is to know th

Public Safety committee  I just want to come back to the labelling of ingredients. The attestation is a version of it, but it's an early version. There is no precedent for identifying all of the components in the value chain and disclosing and managing that. There are multiple parts to this. It's not act

Public Safety committee  I can speak for Payments Canada. We're at the infrastructure layer. We would write the rules around how that works, and we run the systems that do the cheque imaging and enable the digital image. But all the security and all the services provided to a consumer would be through th

Public Safety committee  I'll have our CISO, Martin Kyle, respond to that, because we're active in that.

Public Safety committee  Good afternoon. My name is Justin Ferrabee. I'm the Chief Operating Officer of Payments Canada. Thank you for inviting Payments Canada to contribute to the study. Let me begin by reassuring the committee that security is Payments Canada's highest priority in all we do. It com