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Cet article peut alimenter la réflexion sur la gouvernance des initiatives de fédérations ou gestion des identités.
The Government of Canada is seeking to protect consumer rights with the establishment of a new voluntary code for electronic funds transfers (EFT) and electronic banking. The Federal Department of Finance has invited industry representatives, consumer groups and provincial governments to participate in a working group to develop the new rules.
“This new working group will look into new electronic payment methods and see how the protection of consumers can be enhanced,” Jim Flaherty, Canada's Finance Minister, says in a news release.
The new code will build on the existing Canadian Code of Practice for Consumer Debit Card Services (debit card code) which was introduced in 1992. The Government believes that it is needed because of new payment systems such as Interac Online, which enables consumers to shop online by setting up direct debits from checking accounts.
The creation of the new code was first mentioned in a White Paper published by the Canadian Government in June 2006, as part of its review of the Bank Act. The Paper said that the Financial Consumer Agency of Canada, a consumer watchdog, would be responsible for monitoring adherence to the code by federally regulated financial institutions.
“We welcome the initiative and will be pleased to participate in the development of the new code,” a spokesperson for the Canadian Bankers Association tells ePaynews. This view was echoed by Interac which operates Canada’s debit card network and ATM infrastructure.
“We welcome the creation of this working group and support the extension of the Debit Card Code of Practice to other forms of electronic payment,” an Interac spokesperson tells ePaynews.
Related Links
www.interac.ca
www.cba.ca
