Payments Canada has bolstered its Member Advisory Council (MAC) with the addition of two new and the reappointment of five returning members. These appointments take effect on July 1, 2024.
New Members:
- EQ Bank: Kartik Kamat, Vice President, Payments and Fraud Mitigation
- ICICI Bank Canada: Kaushal Shah, Head of Operations, North America
Returning Members:
- ATB Financial: Ryan Rabin, Vice President, Banking and Payment Products
- Bank of Canada: Ian Christensen, Managing Director, Banking and Payments
- Desjardins: Isabelle Dreyer, Vice President, Cards and Payment, Consumer and Commercial Services
- National Bank of Canada: Patrice Roy, Vice President, Payments and International Solutions
- Royal Bank of Canada: Gabriel Woo, Senior Vice President, Enterprise Payments
The Importance of the MAC:
The MAC plays a crucial role in advising Payments Canada’s board of directors. Its diverse membership reflects the various participants within the payments system. As mandated by legislation, the MAC provides guidance and recommendations on:
- Clearing and settlement systems
- Interaction with other payment systems
- Development of new payment technologies
This collaboration ensures Payments Canada remains informed and effective in serving the evolving needs of the Canadian financial landscape.
