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National Report: System Trends

National Report: System Trends. 2003 CUMA Conference. Joanne De Laurentiis September 15, 2003 Huntsville, Ontario. National Report: System Trends. Agenda :. Reducing Operating Costs Finessing the Regulatory Framework Supporting System Restructuring. National Report: System Trends.

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National Report: System Trends

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  1. National Report: System Trends 2003 CUMA Conference Joanne De Laurentiis September 15, 2003 Huntsville, Ontario

  2. National Report: System Trends Agenda: Reducing Operating Costs Finessing the Regulatory Framework Supporting System Restructuring

  3. National Report: System Trends Reducing Operating Costs • Debit Transaction Switching - Migration Project to new provider – SwitchCo (joint venture of Celero Solutions and NYCE Network)

  4. National Report: System Trends Reducing Operating Costs (con’t) • Switching Migration Project • Strategic Procurement Discount Program (For more information about Strategic Procurement, contact Donna Bailey at 416-232-3462)

  5. National Report: System Trends Reducing Operating Costs (con’t) • Switching Migration Project • Strategic Procurement Discount Program • National Connectivity

  6. National Report: System Trends Reducing Operating Costs (con’t) Switching Migration Project Strategic Procurement Discount Program National Connectivity Common Point of Purchase (CPP) (For more information about the CPP Alert system, contact Lorraine Ogley at 416-232-3445 )

  7. National Report: System Trends Click to Add Heading Reducing Operating Costs (con’t) – Common Point of Purchase (CPP) Click to add slide copy

  8. National Report: System Trends Finessing Regulatory Framework Current Cost of credit disclosure Privacy and money laundering courses & procedures Retail association definition BIS rules Future Preparing for Legislative Review – 2006

  9. National Report: System Trends Finessing Regulatory Framework (con’t) • Legislative Review – 2006 • Regulatory Harmonization • Cost of credit disclosure rules • Privacy legislation compliance

  10. National Report: System Trends Finessing Regulatory Framework (con’t) • Legislative Review – 2006 • Regulatory Harmonization • BIS & Capital Adequacy Standards

  11. National Report: System Trends Supporting System Restructuring • CUSOURCE™ • Credential Group • Credential Financial Inc. • Ethical Funds Inc.

  12. National Report: System Trends Supporting System Restructuring • CUSOURCE™ • Credential Group • Broader system: • OPCO • Celero Solutions • SwitchCo • League Data/CGI • Genesis

  13. National Report: System Trends Credit Union Central of Canada • Check out our Web site, www.cucentral.ca • Sign on for electronic news, publications • Marketing materials • Conferences

  14. THANK YOU QUESTIONS?

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