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… communications at Payments Canada and your host on this episode of the PayPod. Today's topic is all about leading … the world where that was done. And we were leaders from a usage point of view of contactless payments. Because what … constitutes risk changes. So your policies, procedures, guidelines, processes, need to be modified to take advantage …
… and competition. Recognition of the benefits of the ISO 20022 message standard that will support data-rich … additional payment-related data that will be provided by ISO 20022 messages. Requests for Payments Canada to ensure … feedback, including alternative access options for PSPs, ISO 20222 data governance policy proposals, and real-time …
… for example, delivering the benefits of changes like ISO20022, which are coming for Canadian wires. Direct Lynx … Lynx API capabilities are an example of this. As an ISO-enabled system (in 2022), Lynx positions Canada well to … one of the first high-value payment systems to migrate to ISO XML wires. This will enable much richer structured data …
… we’re underpinning all of our modernized systems with ISO 20022. We’ve heard loud and clear from the industry that … travelling together. Can you expand on the role data and ISO 20022 has as part of the U.K.’s journey? Enhanced data is a critical part of the U.K.’s journey. Moving to ISO 20022 ensures we have interoperable systems that provide …
… systems will use the global payments message standard, ISO 20022. What role is ISO 20022 and other aspects of standardization playing … payments landscape? Like other jurisdictions, conversion to ISO 20022 is looming as a major project for our industry. We …
… more contextual and borderless with the introduction of the ISO 20022 messaging standard. We are excited for what Lynx … release two will allow participants to generate and process ISO 20022 wire payments. What is the value of ISO 20022? ISO 20022 is a fundamental rethink on how we …
… more contextual and borderless with the introduction of the ISO 20022 messaging standard. We are excited for what Lynx … release two will allow participants to generate and process ISO 20022 wire payments. What is the value of ISO 20022? ISO 20022 is a fundamental rethink on how we …
… risk standards. In its follow-up release, Lynx will support ISO 20022 messaging in support of Canadian financial institutions meeting ISO 20022 global requirements. In 2020, Canada saw an …
… in November 2022, and will deliver end-to-end support for ISO 20022 messaging standard that will enable data-rich … payments. Financial IT: Does this mean Lynx is all about ISO 20022? MH: Yes and no. Lynx, first and foremost, is … capabilities. By the end of this year, that will include ISO 20022 messages, which can incorporate structured …
… Canada’s new high-value payment system, which supports the ISO 20022 payment messaging standard. What are the biggest opportunities you see coming from the adoption of ISO 20022-enabled data-rich payments? The adoption of the ISO 20022 message format is improving the operational …