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… Clearing Settlement System (ACSS) turns 40 on November 18, 2024. The ACSS clears and settles the majority of day-to-day … APIs and transitioning the ACSS to a cloud-native platform. Also in 2020, amendments were made to simplify the … securely.  The Retail Payment Systems Operations team performs many functions, from system reporting, managing …

… and economic advancement for Canada. OTTAWA, April 16, 2024 – Payments Canada today announced a path forward for … the clearing and settlement build, will continue through 2024 prior to initiating testing of the new system through … to transfer funds instantly and securely is key to the transformation of Canada’s economy and opens the door to …

… Submissions to this consultation closed on March 1, 2024. Read Payment Canada’s full submission below. Written … Q5) Measures to support a stronger tier of smaller, disruptive competitors (e.g., small- and medium-sized banks, … legislative framework for consumer-driven banking in Budget 2024. 5 This framework will enable consumers to securely and …

… prevent malicious, financially-motivated attacks.  At The 2024 SUMMIT, Mark Kozicki , Vice President, Payment Products … a cyber attack is pretty much looking to steal money or disrupt its flow. How do we mitigate these risks while staying … and failure. They are probably the greatest source of information and intelligence for their security teams in the …

… originally published by innovatingcanada.ca on December 5, 2024. By Stephen Yun, Senior Analyst, Market Insights, … trends are important for businesses to understand, to inform their decisions on how to send and receive payments, …

… Policy proposals will inform drafting instructions for amendments to the Canadian … Payments Act (CP Act) received Royal Assent on June 20, 2024. 1 The amendments expand the list of entities eligible … and confidence in the payment system in the case of disruption or failure. The Bank of Canada, in addition to its …