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… views of the author(s), and are not intended as an official Payments Canada statement or position. Summary 1 Buy now, pay later (BNPL) is a popular payment option offered by retail merchants to their … overview of BNPL and how it works, compare BNPL with other payment installment options, examine the benefits and risks …

… Launch represents another milestone in payment innovation OTTAWA, September 1, 2021 - Payments Canada announces today the launch of the first release of Lynx , Canada’s new high-value payment system. Lynx is replacing the Large Value Transfer …

… OTTAWA, July 27, 2017 -   Payments Canada, the country’s financial market infrastructure for payments, today announced new rules that will enhance automated funds transfer, a type of payment commonly associated with employee payroll and bill …

… debit cards for certain everyday purchases, such as transit payments. To offer more flexibility in payment methods for Canadian consumers and merchants, Payments Canada today announced a new rule to enable broader …

… On October 30, 2020, Payments Canada closed its public consultation on the policy proposals outlined in the Canada’s New Real-Time Payment System Policy Framework consultation paper .  The … for the Real-Time Rail (RTR), Canada’s new real-time payment system, and identified topics where additional …

… Leading the adoption of ISO 20022 in Canada and abroad. Payments Canada is actively involved in promoting … harmonization of the ISO 20022 message usage for high-value payment systems globally and is declaring its support for the High-Value Payments Systems Plus (HVPS+) ISO 20022 Payments …

… August 10, 2015 OTTAWA, August 10, 2015 - The Canadian Payments Association (CPA) announced today two key … support its multi-year project to modernize Canada's core payments infrastructure. The CPA has begun a process to create a shared industry vision for the future of payments and at the same time is launching a public …

… As new payment methods emerge, how are financial institutions and payment providers considering these new options and launching new payment products in their market? With the pace of digital …

… is the first in a series that explores emerging topics in payment policy. Each explains key policy issues and considerations, as well as Payments Canada’s current and potential future role within … the need arise, that Canadians can trust and rely on. Payments Canada is supportive of the Bank of Canada’s …

… Payments Canada’s 2016 Annual Report,  Transforming Canadian Payments , is now available. The report provides an overview … many significant achievements throughout the year. In 2016, Payments Canada cleared and settled transactions totaling …