Canadian Senate committee recommends oversight board for payments

Canadian Senate committee recommends oversight board for payments
Tags: Bank / Credit Union, Debit / Credit, North America, Regulatory Issues, Transaction Processing
July 9, 2009

Digital Transactions: A sweeping new report from a Canadian Senate committee recommends the federal government create a payment-system oversight board, ban percentage-based debit card interchange for three years, and permit merchants to surcharge card transactions. Those are just some of the proposals in the report as Canada confronts many of the same payment issues now working their way through the U.S. Congress.

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