The bills payment initiative aims to eliminate inefficiencies in the bills collection process, by ensuring that a biller can collect from its customer without requiring both parties to transact through a common PSP. 3.
After several years of negotiations, and after overcoming significant protectionist sentiment on both sides, the Province of Canada struck a reciprocity agreement with the United States in 1854—essentially, a free-trade agreement in resources. Meanwhile, the Irish famine touched off waves of immigration into the colonies and the United States, fuelling growth.