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Canada's Real-Time Rail program resumes with renewed momentum
… underpinning the Canadian economy. The launch of Lynx represented a significant collaborative effort between … to transfer funds instantly and securely is key to the transformation of Canada’s economy and opens the door to … of the transactions that pass through our systems include debit card payments, pre-authorized debits, direct deposits, …
Canadians rapidly adopting new payments channels
… Summary Payments Canada is pleased to present the 2019 Canadian Payment Methods and Trends (CPMT) … in Canada.  The primary objective of the research is to inform readers about the most common domestic consumer … mobile) worth CA$129.9 billion at the point-of-sale (POS). Debit represents almost 60 per cent of volume of these …
Young Canadians driving adoption of buy now, pay later (BNPL) services
… (BNPL) in a way that older generations do not. BNPL is a form of short-term loan in which consumers take immediate … Director of Market Insights at Payments Canada. “Canadians' preference for how they pay is changing. We are starting to see increasing use and interest in more diverse payment preferences like ‘buy now, pay later.” Canadians aged 35-54 …
Mod Blog: Long live the batch – Why modernizing AFT is the right move for Canada
… come to fruition for Canada.  But, with new infrastructure forming such an important part of our future plans, we often … roughly 1.5 billion payments in Canada every year and represents the greatest value of payments in our retail system … the many countries whose payments modernization initiatives preceded Canada’s, most retained their batch payments …
Mod Blog: Solving for uncertainty and building more resilient payments systems
… delivery risk. Target state risks are risks that we must be prepared to manage and mitigate when the changes associated … the payments systems without compromising security. To be prepared for wider access to the payment systems, we need to … uncertainty associated with delivering the projects that form the Modernization program on time, on budget and within …
Economics of tiered participation in payments
… interdependencies within the financial system can be represented as financial networks – broadly understood as a … tiering thresholds. It is proposed that not basing policy formulation and compliance on such a systematic … of this for the FMI is a reduction in multilateral net debit positions that feed into measuring credit risk related …
Payments Canada calls for expanded membership eligibility
… Read the response to FINA’s 2023 pre-Budget consultation Payments Canada has submitted a … Standing Committee on Finance (FINA) as part of its 2023 pre-budget consultation. The response is centered around the … Modernized payment infrastructure and related regulatory reform will deliver significant benefits to individuals, small …
Bank of Canada prepares for Release Two of Lynx, Canada’s high-value payment system
… the Bank of Canada. Disclaimer: the views and opinions expressed in this article are those of the authors and do not … all learning the details and specificities of the message format at the same time. With the MT messages (the message … one, at least to some of us! While the concepts of debits and credits are not changing, the mechanics of making …