Central 1 Blog

29 Jun 2020  /  by: Sue Whitney, VP Payments Strategy

Payments Modernization: How to prepare now for Canada’s digital payments future

Digital payments are coming of age. The COVID-19 pandemic is accelerating the shift towards fast, flexible and secure digital payments and reinforcing the importance of payments modernization. Central 1 is well advanced in preparing for Payments Canada’s modernization initiative which aims to provide consumers, businesses and financial institutions (FIs) with a modern, fast and convenient payment system. As a leader in the payments space and...
18 Jun 2020  /  by: Randy Johal, Product Director

How will Large Organizations Adapt to the New Normal? 

What happens when the world as we know it changes entirely? As we’ve seen throughout 2020, and as we begin to envision a post-pandemic landscape, the need for financial institutions to adapt to customer needs is crucial now more than ever. But how and where does one start? How can financial institutions be leaders in helping larger organizations reimagine a new normal?  Larger Organizations are Slower to Adapt  A global survey by Harvard Business Review indicates that executives at larger organizations expect the pressure to digitally transform will only accelerate...
17 Jun 2020  /  by: Financial Services

Thousands of disability tax credit eligible Canadians missing out on available government incentives

Only 36.2 per cent out of approximately 466,000 disability tax credit (DTC) eligible Canadians had Registered Disability Savings Plan, according to 2017 Employment and Social Development Canada statistics.   This means the available government incentives for this segment of the population are not being paid out to those who may need it most.   Launched in 2008, a Registered Disability Savings Plan (RDSP) is a government-assisted and tax-deferred savings account designed...
11 Jun 2020  /  by: By Karen Zygun, People Practices Leader 

Belonging in our new normal(s)

Prior to COVID-19, a sense of belonging, the experience of being accepted and included by those around you, and its correlation to employee engagement was a top priority for our credit unions. Our rich history of ”community first” lends itself to belonging. Then the pandemic began and a shift ensued: many of us are working remotely and have an increased reliance on technology. More of us are experiencing heightened stress levels, moral fatigue, uncertainty and longer hours. This places an employee’s need for belonging even further to the forefront.   To...
06 May 2020  /  by: Bryan Yu, Deputy Chief Economist

Better days ahead, despite COVID-19 economic woes

30 Apr 2020  /  by: Arvind Sharma, Chief Digital and Payments Officer

Coming Together as One to Support Small Businesses with the CEBA Application Form and Processes

09 Apr 2020  /  by: Arvind Sharma, Chief Digital and Payments Officer

Central 1 delivers CRA Direct Deposit via Financial Institutions service to our clients in record time

18 Mar 2020  /  by: Bryan Yu, Deputy Chief Economist

B.C. enters economic downturn on Covid-19 impacts, more uncertainty ahead

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