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… DISCLAIMER: Articles are written to reflect the interests and views of the author(s), and are not intended as an … not adequately defined under Principle 19 of the Principles for Financial Market Infrastructures (PFMI). Not having a … speaks to three Key Considerations:  Definition and Specification: An FMI should identify material dependencies …

… Canada has submitted its response to Innovation, Science and Economic Development Canada (ISED) public consultation … competition. Payments Canada’s submission aligns with efforts to promote changes to the Canadian Payments Act that … system enhancements, 5 while maintaining high regulatory standards. In recent years, the United States has …

… New credit risk model enhances safety and soundness of retail payments system OTTAWA, March 12, … Canada, the country’s financial market infrastructure for payments, is implementing a new credit risk model for … with international best practices and risk management standards. The Interim Credit Risk Model will see system …

… Payments Canada We live in an increasingly connected world, and that is having a BIG impact on the way we pay. Cross-border payments, international standards and interoperability between systems and markets … consulted on this topic. During the discussions, the idea for a global payments accreditation program was proposed as …

… use an internationally recognized payment messaging standard - ISO 20022. The CPA today released a discussion … paper outlining new research into the quantifiable benefits for Canada of adopting ISO 20022.  “Modernization of the …

… or businesses in other countries. It doesn’t make sense and it’s a significant point of friction. We know this needs … A recent study shows cross-border payments accounted for over $206 billion[1] in payment service provider … be able to connect to other payments systems using the same standards and operating parameters. We also need to devote …

… study begins to quantify benefits of payments modernization for business community OTTAWA, February 6, 2018 — The way … annually, according to a new study by Payments Canada and Ernst and Young LLP (EY Canada).  According to the … systems.” The introduction of new systems, rules and standards as part of Payments Canada’s Modernization program …