Interim Retail Payments Advisory Committee

Find out about our mandate, access our meetings and membership, or contact us.

Mandate

The Interim Retail Payments Advisory Committee (RPAC) is a forum set up by the Bank of Canada to gather industry expertise about the retail payment services landscape. The Bank is designing and getting ready to implement the Retail Payments Supervisory Framework.

The interim committee provides advice and expertise to support the Bank of Canada’s understanding in the following areas:

• framework structure: helping the Bank of Canada understand the retail payments segment of the financial ecosystem and providing input on the Bank of Canada’s risk assessment, oversight and enforcement procedures
• operational design: offering suggestions on the framework’s overall design, including the creation of registration and reporting processes, the IT system and the website
• industry developments: raising relevant issues for discussion, identifying areas of research and considering how the Bank of Canada can best meet its proposed mandate

For more information, consult the committee’s Terms of Reference.

Membership

The initial term of the committee is one year, after which the Bank will re-evaluate its mandate and membership.

Chair

Ron Morrow
Advisor
Bank of Canada

Industry Representatives

Faeron Trehearne
Moneris

Laurence Cooke
nanopay

Jason Young
PayPal

Mrunal Shah
Paytm

Amy Pardee
Square

Nicolas Dinh
STACK

Sheldon Nimetz
Telpay

Andrea Gildea
TransferWise

Jay Dorey
Visa

Rosemary Gallagher
Western Union

Contact