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Bank of Canada (Aug 13 Deadline): Retail Payment Advisory Committee is Seeking New Members

Bank of Canada | Jul 22, 2021

Retail payment systems - Bank of Canada (Aug 13 Deadline): Retail Payment Advisory Committee is Seeking New Members

Retail Payment Advisory Committee

The Retail Payment Advisory Committee is seeking new members. Find out why, who is eligible and how to apply.

In 2020, the Bank of Canada established the Retail Payments Advisory Committee (RPAC) to solicit advice and expertise from industry members of the retail payments ecosystem. The Retail Payment Activities Act received Royal Assent on June 29, 2021, and the Bank of Canada is looking for new members for RPAC.

Read more about RPAC’s mandate and their past meetings.

Responsibilities

Members will attend approximately six meetings over a 12-month period, where they will be able to:

  • discuss supervisory topics
  • share best practices
  • raise organizational or industry concerns
  • provide potential solutions

See:  Bank of Canada to become new regulator of fintech companies doing payments processing

Eligibility

The Bank will choose RPAC members from a broad spectrum of the payments industry that represents different sizes, maturities and scopes. This will help the Bank gain advice and expertise from a representative selection of industry members. We invite payment service providers to submit an expression of interest to join RPAC for the upcoming term.

Deadline for submissions

Submissions will be accepted until August 13, 2021. The Bank will contact the entities selected for further information.

 


NCFA Jan 2018 resize - Bank of Canada (Aug 13 Deadline): Retail Payment Advisory Committee is Seeking New Members The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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