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… we replace ‘being there’ with digital interactions. From a payments perspective, use of cash has declined significantly, contactless payments have increased, as has use of e-Transfer. Digital … result in approximately 33 million additional government payments over the four months of the initiative. To support …
… Payments Canada spoke with Brenda Gibson, Vice President, … Mutual Insurance Company about the opportunities modernized payments can bring to insurance organizations and their customers. What are some of the payments challenges the insurance industry faces? One of the …
… Canadian Payments Association operates under the brand name of Payments Canada. For legal purposes we continue to use Canadian Payments Association (or the Association) in all information …
… Regulatory environment The Payment Clearing and Settlement Act assigns the Bank of … systems for the purpose of controlling systemic risk and payment system risk. Lynx has been designated as systemically important under this Act and, as a result, Payments Canada is subject to oversight from the governor of …
… Payments Canada has published updated ISO 20022 message specifications for Lynx, Canada’s new high-value payment system. The updated specifications will allow Lynx … and improved transparency. Vendors who support Canada’s payments ecosystem can use the published messages to update …
… Despite experiencing more payment scams – 58% of small businesses feel better equipped to mitigate fraud, reveals new Payments Canada study OTTAWA, October 20, 2021 – New data from a Payments Canada study indicates that while small businesses …