Consultation
The Canadian Payments Act also provides that the CPA must “promote the efficiency, safety and soundness of its clearing and settlement systems and take into account the interests of users”. Consumers, corporations, merchants, governments and payment service providers represent significant groups of system users, and as such, their interests are taken into account by the CPA in pursuing its objectives. Uniquely positioned as a consensus broker within the payments industry, the CPA ensures that significant rule changes follow an established public consultation process to seek input from key user groups. As an example of this consultation, in 2010 the CPA facilitated industry-wide innovation with frameworks for contactless debit payments.
Read more about this topic: Canadian Payments Association
Famous quotes containing the word consultation:
“This is a Senate of equals, of men of individual honor and personal character, and of absolute independence. We know no masters, we acknowledge no dictators. This is a hall for mutual consultation and discussion; not an arena for the exhibition of champions.”
—Daniel Webster (1782–1852)
“To divide one’s life by years is of course to tumble into a trap set by our own arithmetic. The calendar consents to carry on its dull wall-existence by the arbitrary timetables we have drawn up in consultation with those permanent commuters, Earth and Sun. But we, unlike trees, need grow no annual rings.”
—Clifton Fadiman (b. 1904)