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… Payments Canada welcomes and congratulates the new … , effective July 1, 2022. These experts from across the payment ecosystem will provide a wide range of views that … to thank outgoing chair Christine Hunter for her time and dedication over the last four years. We also wish to thank …
… Canada’s payments Modernization program is moving along quite nicely … institutions and their business clients for important and predictable transactions such as payroll, bill payments, … greater value to the marketplace. Same-day payroll, expedited bill payments, faster settlement of invoices, the …
… of Finance established a task force to analyze Canada’s payments system and make recommendations on the future of payments in Canada. They were asked to: Review the safety, soundness and efficiency of the payments system; Determine whether there was sufficient …
… Through extensive consultation with our program partners, Payments Canada has determined the need for revised launch timing for the Real-Time Rail (RTR) payment system. An extension in the delivery date (or … RTR system. We recognize that there will be impacts for the payment ecosystem in Canada. Our members, regulators, …
… Payments Canada launched Lynx, Canada’s new high-value payment system in summer 2021. The organization is gearing … leader in this initiative, and we’ve invested in a dedicated Payments Modernization program to help support …
… we replace ‘being there’ with digital interactions. From a payments perspective, use of cash has declined … are not subject to any hold: 100% of funds are available immediately upon deposit. That’s fast. Direct deposit payments … wrong address. That’s safe. Direct deposit payments are predictable and available. There is no need to go to an ATM or …
… Payments Canada spoke with Brenda Gibson, Vice President, … Mutual Insurance Company about the opportunities modernized payments can bring to insurance organizations and their … In Canada insurance is primarily sold through intermediary brokers. As a result, customers don’t distinguish …
… By collaborating with the payment ecosystem, our rules not only lay the groundwork for the safety and soundness of Canada’s payment systems, they also support and enable the … option to their riders: the ability to tap their debit or credit card to pay for a fare. A few months later, this …
… Canadian Payments Association operates under the brand name of Payments Canada. For legal purposes we continue to use … perform certain activities on our behalf, like processing credit card payments and delivering packages. Those people …
… 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 …