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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 Reducing Operating Costs • Debit Transaction Switching - Migration Project to new provider – SwitchCo (joint venture of Celero Solutions and NYCE Network) 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) National Report: System Trends Reducing Operating Costs (con’t) • Switching Migration Project • Strategic Procurement Discount Program • National Connectivity 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 ) Click toReport: Add Heading National System Trends Reducing Operating Costs (con’t) – Click to add slide Common Pointcopy of Purchase (CPP) 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 National Report: System Trends Finessing Regulatory Framework (con’t) • Legislative Review – 2006 • Regulatory Harmonization – Cost of credit disclosure rules – Privacy legislation compliance National Report: System Trends Finessing Regulatory Framework (con’t) • Legislative Review – 2006 • Regulatory Harmonization • BIS & Capital Adequacy Standards National Report: System Trends Supporting System Restructuring • CUSOURCE™ • Credential Group – Credential Financial Inc. – Ethical Funds Inc. National Report: System Trends Supporting System Restructuring • CUSOURCE™ • Credential Group • Broader system: – OPCO – Celero Solutions – SwitchCo – League Data/CGI – Genesis 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 THANK YOU QUESTIONS?