UseMyBank is one of several companies being asked by the CPA to provide input. The CPA further acknowledges that these parties are playing an ever-increasing role in the payments environment, both in Canada and in other global markets.

The research will focus on three areas: - determine how payment solutions utilize CPA and FI systems to offer new payment services; - determine the potential exposure of third party payment systems and individual non-FIs to specific types and degrees of risk to the payments system and users; and - examine the potential impact of third party payment systems or non-FIs on the Canadian payments environment.

About UseMyBank Services Inc. UseMyBank Services Inc. is an innovative payment service provider based in Toronto, Canada, that facilitates instant online debit payments through online banking. Debit is the preferred way to pay at retail establishments and UseMyBank delivers instant debit payment capability to the Internet. The service simplifies and streamlines the client's ability to pay for goods and services over the Internet by leveraging the Buyers existing financial service providers online banking payment system. UseMyBank has operated in Canada since December 2002 with all major banks. The company is currently expanding to add most major US and European banks to offer an international and ultimately worldwide service.

To see recent news articles about UseMyBank, please visit
www.usemybank.com/news.asp
For additional information, please call Joseph Iuso,
Tel: 416-727-3806/1-888-706-2265
www.usemybank.com

To learn more about the CPA, please visit:
www.cdnpay.ca