The Bank of Canada has announced a new service that will allow Canadians to scan their bank card photos for other people, including other Canadians.
The new feature is a collaboration between the BCTF, the Canadian government and banks, the BCA said on its website on Monday.
The new service is not available for non-Canadian customers.
“The new service will be available to Canadians who are already using the current system to get scanned photos, or who are currently using a debit card, a credit card, or a prepaid card, and would like to be able to share their photos with others,” the statement said.
“This new service provides a way to get the same results as using the existing system but without requiring a physical access card, which makes it more convenient for the consumer and easier for banks and others to integrate.”
Banks and other financial institutions have been looking for ways to make sharing personal information easier.
“It’s about enabling people to make sure their bank account is secure,” said Brian Brown, CEO of the B.C. Federation of Independent Business.
“It’s a good thing that we’re allowing that to happen.”
B.C.’s public financial institutions are required by law to share customer information with other financial services.
However, Brown said it was still not clear how the new service would work without compromising the security of customer accounts.
B.A.T. is a joint venture between the Canadian Centre for Policy Alternatives, the Institute for Justice, the Society of Professional Journalists and the Media Law Centre.
The service is designed to work with the new Bank of Montreal credit card and debit card scanners, as well as the new Credit Card Security and Card Information (CCIA) system.