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… 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 …
… Payments Canada launched Lynx, Canada’s new high-value … the lens of Jason Sweeney , Senior Director Enterprise Payments at RBC. As the Canadian representative on SWIFT’s Payments Market Practice Group (PMPG) and a member of …
… 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 …
… overnight. When industry has the opportunity to innovate, Payments Canada supports and enables this innovation by … of our member financial institutions on the handling of payments that move through these systems. In other words, … rules process involves collaboration and consultation with Payments Canada members and stakeholders when needed. These …
… 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 …
… as systemically important under this Act and, as a result, Payments Canada is subject to oversight from the governor of … Canada. The Lynx Disclosure and the ACSS Disclosure offer Payments Canada Members, Lynx and ACSS participants, and the public a high-level understanding of Payments Canada’s governance, operation, risk-management …
… 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 … e-Commerce and the use of INTERAC e-Transfers for P2P payments. Despite the progress made with electronic …
… Payments Canada asked Victoria Cleland the Bank of England’s Executive Director for Banking, Payments and Financial Resilience to talk about the impact … (RTGS) system will have on transforming electronic payments in the United Kingdom and the projected value of …