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CANADIAN PAYMENTS ASSOCIATION / Kristina Logue, President & Co-CEO (Interim) and Chief Financial Officer

Address, activities & membership

CANADIAN PAYMENTS ASSOCIATION - Address, activities & membership

Address:

Constitution Square, Tower II 350 Albert Street, Suite 800
Ottawa, ON  K1R 1A4
Canada

Telephone number: 613-238-4173

  • Contact information in previous versions
    • 1200 - 180 ELGIN STREET
      OTTAWA, ON  K2P 2K3
      Canada

      Telephone number: 613-238-4173

      Fax number: 613-233-3385  

    • 1212 - 50 OCONNOR STREET
      OTTAWA, ON  K1P 6L2
      Canada

      Telephone number: 613-238-4173

      Fax number: 613-233-3385  


Description of the organization's activities:
The Canadian Payments Association, doing business as Payments Canada, is a statutory corporation (non-share capital) created by an Act of Parliament. Payments Canada underpins the Canadian financial system and economy by owning and operating Canada’s payment clearing and settlement infrastructure, including associated systems, by-laws, rules and standards.

  • Descriptions of the organization's activity in previous versions:
    • THE CPA IS A NOT-FOR-PROFIT ASSOCIATION CREATED IN 1980 BY AN ACT OF PARLIAMENT. THE CPA'S MANDATE, AS AMENDED THROUGH THE CANADIAN PAYMENTS ACT IN 2001, IS TO ESTABLISH AND OPERATE NATIONAL SYSTEMS FOR THE CLEARING AND SETTLEMENT OF PAYMENTS AND OTHER ARRANGEMENTS FOR THE MAKING OR EXCHANGE OF PAYMENTS; TO FACILITATE THE INTERACTION OF ITS CLEARING AND SETTLEMENT SYSTEMS AND RELATED ARRANGEMENTS WITH OTHER SYSTEMS OR ARRANGEMENTS INVOLVED IN THE EXCHANGE, CLEARING OR SETTLEMENT OF PAYMENTS; AND TO FACILITATE THE DEVELOPMENT OF NEW PAYMENT METHODS AND TECHNOLOGIES.

Organization's membership or classes of membership:
Eligibility for Payments Canada membership is defined in the Canadian Payments Act and the related federal regulations. Payments Canada membership includes the Bank of Canada, domestic banks and authorized foreign banks and other deposit-taking institutions. The amendments to the Canadian Payments Act in 2001 opened membership to life insurance companies, securities dealers, and money market mutual funds, among others. Payments Canada is funded by its membership, which stood at 109 at the end of March 2024.

  • Organization's memberships or classes of memberships in previous versions:
    • Eligibility for Payments Canada membership is defined in the Canadian Payments Act and the related federal regulations. Payments Canada membership includes the Bank of Canada, domestic banks and authorized foreign banks and other deposit-taking institutions. The amendments to the Canadian Payments Act in 2001 opened membership to life insurance companies, securities dealers, and money market mutual funds, among others. Payments Canada is funded by its membership, which stood at 111 at the end of 2023.
    • Eligibility for Payments Canada membership is defined in the Canadian Payments Act and the related federal regulations. Payments Canada membership includes the Bank of Canada, domestic banks and authorized foreign banks and other deposit-taking institutions. The amendments to the Canadian Payments Act in 2001 opened membership to life insurance companies, securities dealers, and money market mutual funds, among others. Payments Canada is funded by its membership, which stood at 110 at the end of 2022.
    • Eligibility for Payments Canada membership is defined in the Canadian Payments Act and the related federal regulations. Payments Canada membership includes the Bank of Canada, domestic banks and authorized foreign banks and other deposit-taking institutions. The amendments to the Canadian Payments Act in 2001 opened membership to life insurance companies, securities dealers, and money market mutual funds, among others. Payments Canada is funded by its membership, which stood at 111 at the end of 2021.
    • ELIGIBILITY FOR CPA MEMBERSHIP IS DEFINED IN THE CANADIAN PAYMENTS ACT AND THE RELATED FEDERAL REGULATIONS. THE BANK OF CANADA AND ALL BANKS OPERATING IN CANADA ARE REQUIRED TO BE MEMBERS. IN ADDITION, CREDIT UNION CENTRALS, FEDERATIONS OF CAISSES POPULAIRES, TRUST COMPANIES, LOAN COMPANIES AND OTHER DEPOSIT-TAKING INSTITUTIONS HAVE BEEN ELIGIBLE FOR CPA MEMBERSHIP SINCE THE ASSOCIATION'S CREATION IN 1980. AS OF NOVEMBER 2001, THE CANADIAN PAYMENTS ACT HAS EXPANDED THE LIST OF ELIGIBLE ORGANIZATIONS TO INCLUDE LIFE INSURANCE COMPANIES, SECURITIES DEALERS THAT ARE MEMBERS OF THE INVESTMENT DEALERS ASSOCIATION OR THE BOURSE DE MONTRÉAL, AND MONEY MARKET MUTUAL FUNDS THAT MEET CERTAIN REQUIREMENTS REGARDING THE INVESTMENT OF THEIR HOLDINGS AND HAVE ACCESS TO AN IMMEDIATE AND RELIABLE SOURCE OF LIQUIDITY.
    • ELIGIBILITY FOR CPA MEMBERSHIP IS DEFINED IN THE CANADIAN PAYMENTS ACT AND THE RELATED FEDERAL REGULATIONS. THE BANK OF CANADA AND ALL BANKS OPERATING IN CANADA ARE REQUIRED TO BE MEMBERS. IN ADDITION, CREDIT UNION CENTRALS, FEDERATIONS OF CAISSES POPULAIRES, TRUST COMPANIES, LOAN COMPANIES AND OTHER DEPOSIT-TAKING INSTITUTIONS HAVE BEEN ELIGIBLE FOR CPA MEMBERSHIP SINCE THE ASSOCIATION'S CREATION IN 1980. AS OF NOVEMBER 2001, THE CANADIAN PAYMENTS ACT HAS EXPANDED THE LIST OF ELIGIBLE ORGANIZATIONS TO INCLUDE LIFE INSURANCE COMPANIES, SECURITIES DEALERS THAT ARE MEMBERS OF THE INVESTMENT DEALERS ASSOCIATION OR THE BOURSE DE MONTRÉAL, AND MONEY MARKET MUTUAL FUNDS THAT MEET CERTAIN REQUIREMENTS REGARDING THE INVESTMENT OF THEIR HOLDINGS AND HAVE ACCESS TO AN IMMEDIATE AND RELIABLE SOURCE OF LIQUIDITY.

Public offices held: Kristina Logue


Government funding

No government funding was received during the last completed financial year.

Public offices held: Martin Kyle

List of Public Offices Held
Position Period Held Last Date Designated Public Office Held
GIS Analyst
Fisheries and Oceans Canada, Habitat Enhancement Branch 		May 1996 to October 1996 Not a designated office

Public offices held: John-David Bridges

List of Public Offices Held
Position Period Held Last Date Designated Public Office Held
Acting Chief of Staff
Canada Revenue Agency, Office of the Minister of National Revenue 		April 2015 to December 2015 December 4, 2015
Director of Policy
Canada Revenue Agency, Office of the Minister of National Revenue 		April 2013 to December 2015 December 4, 2015
Senior Policy Advisor
Transport Canada, Office of the Minister of State 		February 2012 to April 2013 April 1, 2013
Policy Advisor
Fisheries and Oceans Canada, Office of the Minister of Fisheries and Oceans 		May 2011 to February 2012 February 1, 2012
Policy Advisor
Canada Revenue Agency, Office of the Minister of National Revenue 		February 2010 to May 2011 May 1, 2011

Public offices held: Daniel Calof

List of Public Offices Held
Position Period Held Last Date Designated Public Office Held
Principal
Canada Deposit Insurance Corporation, Risk and Resolution 		November 2020 to April 2021 Not a designated office
Consul and Chief Representative, Department of Finance (NY)
Consulate General of Canada, New York, Department of Finance 		August 2017 to May 2020 Not a designated office
Senior Director, Capital Markets Policy
Department of Finance Canada, Securities Policy Division 		September 2014 to August 2017 Not a designated office
Acting Director
Department of Finance Canada, Financial Markets Division 		November 2013 to September 2014 Not a designated office
Senior Chief, Capital Markets Policy
Department of Finance Canada, Financial Markets Division 		January 2009 to November 2013 Not a designated office
Senior Chief, Payments and Pensions
Department of Finance Canada, Financial Sector Division 		December 2004 to January 2009 Not a designated office
G7 Finance Counselor
Department of Finance Canada, Canadian High Commission, United Kingdom 		August 1997 to July 2020 Not a designated office
Senior Policy Analyst
Department of Finance Canada, Federal Provincial Relations Division 		June 1996 to August 1997 Not a designated office
Economist to Senior Project Leader
Department of Finance Canada, Financial Markets Division 		December 1993 to July 1996 Not a designated office
Statistician
Statistics Canada, Business and Trade 		December 1988 to November 1993 Not a designated office

Date Modified: