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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