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… Payments Canada launched Lynx, Canada’s new high-value payment system in summer 2021. The organization is gearing … introduce ISO 20022 with the implementation of the Lynx MX payment messages. This implementation will assist Canadian …
… 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 …
… 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 … Vancouver, British Columbia, introduced an alternative payment option to their riders: the ability to tap their …
… 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 …
… views of the author(s), and are not intended as an official Payments Canada statement or position. Summary Recently, we have seen significant discussions in payments literature regarding countries moving towards becoming cashless societies. In Canada, electronic payment alternatives to the use of cash have flourished, in …
… 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 …
… Payments Canada is committed to protecting your privacy. … information. This statement addresses: Your visit to www.payments.ca; The information we, Payments Canada, collect from you and the personal …