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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 are essential to the role of MAC and the future of payments in Canada. Effective July 1, 2022, the new …

… Canada’s payments Modernization program is moving along quite nicely … , enhancements to Automated Funds Transfer (AFT) – or batch payments - will be first out of the gate.  We are looking … This tells me that AFT – what I call the workhorse of the payments system - is due for a day in the sun. Our …

… 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 … introduce ISO 20022 with the implementation of the Lynx MX payment messages. This implementation will assist Canadian …

… 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 …