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… This summer, the House of Commons Standing Committee on … budget through a public consultation process. The submissions collected through this process highlighted the … to core payment infrastructures is important for several reasons. First, it will allow new payment companies to …
… in moving elements of their ACSS/USBE operations to jurisdictions outside of the country. The new Rule C1 - Cross … referred to as entries) and generating reports. Rule C1 is based on an existing rule for cross-border arrangements on Lynx , Canada's …
… to the Bank of Canada’s public consultation on draft supervisory guidelines for the Retail Payment Activities Act (RPAA) . This consultation sought feedback from the payment ecosystems … its legal framework to determine whether changes are required to support expanded membership. Members of Payments …
… of focus for the payment industry in developing a shared vision for the future Ottawa, ON -- (September 17, 2015) – As … and settlement framework and infrastructure, the CPA is creating a shared vision for the future of payments in Canada based on …
… The CPA is pleased to announce that on June 1, 2015, ICICI Bank … transition to direct participant status. ICICI Bank Canada is a wholly-owned subsidiary of ICICI Bank Limited, headquartered in Mumbai, India. ICICI Bank Limited is India’s largest private sector bank with a presence in 17 …
… Lynx Canada’s high-value payment system … Lynx is Canada’s high-value payment system, an electronic wire system used by participating financial institutions (FIs) to safely send wire payments on behalf of their … and made with real-time settlement finality. Lynx is also built to support the ISO 20022 financial messaging …
… welcomes and supports OSFI's efforts to mitigate liquidity risk and ensure financial institutions meet their payment settlement obligations. Submissions to this consultation closed on August 30, 2024. Read the full …
… Payments Canada is pleased to share that Peoples Trust Company (PTC) has … Items and the Automated Clearing Settlement System . This amendment removed the 0.5 per cent volume requirement for … Clearer/Group Clearer Requirements. The amendments to this By-Law and Rule allow for Payments Canada member …
… Canada’s payments Modernization program is moving along quite nicely and, as outlined in our Roadmap … first out of the gate. We are looking forward to seeing this important work come to fruition for Canada. But, with … I also am pleased to see that ISO 20022 will be required for both solutions, because seeing the data about …
… As the central credit union for British Columbia and Ontario, and manager of the Group Clearer (comprised of Central 1 Credit Union, Credit Union Central of … safely, efficiently and cost-effectively, therefore was required to pass various checkpoints to demonstrate to …