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… are integral parts of the legal framework of the national payment systems that Payments Canada is legislated to establish and operate. … financial institutions on the appropriate handling of payment items exchanged, cleared and settled via our …
… Susan Hawkins is the President and CEO of Payments Canada, leading the organization's next phase of development to meet the evolving payment needs of Canadians. Under her leadership, Payments Canada is focused on modern payment technology …
… will support introduction of data-rich, high-value payments in Canada . On November 5, 2022, Payments Canada successfully deployed the MX code to Lynx , Canada’s high-value payment system. This is the technology needed to introduce …
… 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 …