Payments Canada is now accepting nominations for 2018 appointments to the Stakeholder Advisory Council (SAC), effective April 1, 2018 for a term of up to three years.
The Canadian economy depends on the exchange, clearing and settlement of billions of dollars each day, and Payments Canada has a long history of providing the infrastructure that has allowed Canadians, their businesses and their institutions to make safe and secure payments. The world is rapidly changing and so are payments. As a result, Payments Canada has embarked on a multi-year initiative to modernize Canada’s core clearing and settlement system, drive innovation in the competitive space and position Canada well for the future. Moving forward with this important program and other exciting initiatives requires ongoing communication with our stakeholders to ensure that all voices are heard.
Get involved: Stakeholder Advisory Council
The Stakeholder Advisory Council was created in 1996 and remains a key element of Payment Canada’s ability to provide high quality payments services for the benefit of Canadians by connecting, consulting and collaborating with stakeholders across the payments ecosystem.
Potential SAC Members can expect to:
- Contribute their skills and experience to make real progress in payments to benefit all Canadians;
- Collaborate with other stakeholders in the payment ecosystem (consumers, retailers, government, treasury and service providers);
- Act as an ambassador to share information and promote ideas within the payments ecosystem;
- Actively participate in meetings and working groups;
- Attend three to five meetings per year;
- Devote approximately 20 hours per month to fulfill your role and responsibilities in support of the activities and work efforts of the council without remuneration; and
- Act in compliance with Payments Canada’s by-laws.
Submitting your nomination
When nominating a representative, Payments Canada encourages stakeholder organizations to review the *eligibility guidelines and take into account the diversity of their membership, including regional representation, and representatives who have current responsibilities for or direct experience in payments-related matters or financial operations.
*NOTE: Individual or organizations who are identified as having a conflict of interest may be considered ineligible for appointment to the SAC.
The Board of Directors, in consultation with the Minister of Finance, will make appointments to the council based on criteria outlined in the bylaw. All nominees will be informed of the Board’s decision.
Nominations must be received by January 5, 2018.