Don Mercer, president of the Consumers Council of Canada, has been made a member of the Finance Canada Payments Consultative Committee – known as “Finpay” – for the next two years.

Finpay is a consultative committee made up of public- and private- sector stakeholders who meet regularly with officials of Canada’s Department of Finance to discuss public policy related to payments. This membership includes representatives of the financial industry, merchant and consumer associations, payment service providers, government and acquirers.

Currently the committee is focused on payment issues such as the development of a new oversight framework for retail payments and the modernization of Canada’s core clearing and settlement payment systems.