The CPA has launched an initiative to modernize Canada's framework for point-of-service (POS) payments. The proposed framework, Enhancing the CPA's framework for point of service payments will support and enable alternative authentication methods (e.g. biometrics), the use of tokenization which will provide other opportunities to protect sensitive payment related data; and introduce alternate settlement processes.
We are eager to leverage the full potential of tokenized POS payments for the benefit of Canadians. But to do so, we need your input.
Have your say
We're conducting this public consultation to generate feedback from all Canadian payment system stakeholders on enhancements to the framework for POS transactions.
The consultation document, Enhancing the CPA's Framework for Point-of-Service Payments, focuses on proposed enhancements designed to support and enable tokenized payments at point-of-service, as well as resulting impacts and benefits. Input will assist us in finalizing the proposed framework amendments for enabling tokenized POS payments in Canada.
Responses to the consultation questions and any additional questions, comments or suggestions should be provided to the CPA in writing via email@example.com. Your feedback is welcome and will be accepted until July 8, 2016.
Thank you in advance for your participation in this consultation. We look forward to facilitating new payments technologies in Canada.