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2023 Annual Report EN
… In 2023, Payments Canada delivered data-rich, high-value payments to Canada, advocated for …
… capabilities (which allow different apps to exchange data) enable merchants to offer consumers a seamless … involving BNPL services are clothes and technology/electronics (see Figure 7). Figure 7: Types …
2022 Annual Report EN
… In 2022, Payments Canada prepared for the delivery of data-rich payments, championed broader access to our systems …
… The Battle for Experience. For years, we've heard that bank data is the holy grail for fintechs. It's worth a fortune … truth to share today. On the open market, consumer banking data is close to worthless. Well it's not exactly worthless, but today we can buy card transaction data for our retail partners for around 10 cents a person. …
… to make it fast, simple, convenient, safe and secure and data rich. And I think it's a continuous journey. You have … to think and therefore we need to make payments fast, rich data, quick, secure, safe, et cetera. If you have that frame … it's pretty instantaneous, but how can we make it faster, data rich, good settlement mechanisms? And I think the way …
… So you start with ISO 20022 as a standard, it's a data standard ISO covers standards all across the world, … to combine harvesters, where there's a product or a data transmission, you'll probably find a standard, and that … about payment messaging, you're transferring information or data from one place to another. So, it seems reasonable that …
… The Real-Time Rail processes funds instantly and with more data, resulting in smarter transactions that save time and … compressing ordering and payment cycles More options with data-rich payments Businesses have multiple options for making data-rich payments that meet their cost and timing needs, …
… payment systems, financial institutions can provide faster, data-rich and more diverse payment services to their … their money and make more accurate financial decisions More data means more opportunities By using ISO 20022 financial … messaging standard, the Real-Time Rail allows more data to travel with each payment, opening up the potential …
… of what Canadians want have not changed. According to data from Payments Canada's most recent Canadian Payment … this to keep pace, an always available system that delivers data-rich payments within seconds, providing that real time … use cases that benefit from the use of the richer payment data, data about what that payment is for. With the RTR, …
… and secure payment experiences. Know more with more data With more data, real-time payments enable bank statements to have more …