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UseMyBank accepts invitation from CPA for research

Friday 12 November 2004 13:19 CET | News

UseMyBank Services has accepted an invitation to be interviewed by the Canadian Payments Association (CPA) for research on Third Party Payment Systems and Non-FIs (Financial Institutions) in the Payment Value Chain (ie. Internet online payments).

The CPA wishes to gain an understanding of the market, and the potential risks to the CPA members and payment system users over the medium term. UseMyBank is one of several companies being asked by the CPA to provide input. The CPA further acknowledges that these parties are playing an ever-increasing role in the payments environment, both in Canada and in other global markets. The research will focus on three areas: - determine how payment solutions utilize CPA and FI systems to offer new payment services; - determine the potential exposure of third party payment systems and individual non-FIs to specific types and degrees of risk to the payments system and users; and - examine the potential impact of third party payment systems or non-FIs on the Canadian payments environment.


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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce