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… and online validation of test payment data against the requirements of ISO 20022, as well as other payment file types and business rules. This provides financial institutions that choose to …

… week, Payments Canada has been working closely with Lynx participants, our partners (IBM and Nexi), and the Bank of … impact our go-live date. While Payments Canada and Lynx participants are ready to deliver in November, we have the … with Swift’s revised implementation date.  Planned Lynx Rule amendments will come into effect on November 20, 2022. …

… to our membership will support the introduction of new participants in Canada's payment system, and provide greater … in the market in a regulated space, all playing by the same rules, that security, that trust in the system is there. … want to see is those entrants not playing by the same rules and introducing a level of risk that undermines that …

… of this year, we have seen record values pass through the LVTS system. As of the time of writing, our largest single … the well-being of Canadians during this difficult time.” LVTS numbers at a glance In late March and the first half of … payments (in the billions) from the Bank of Canada to other participants in the LVTS. Bank of Canada Monetary Policy The …

… market infrastructure for payments, today announced new rules that will enhance automated funds transfer, a type of … such as payments to a biller. Payments Canada’s new rules, which apply to Canadian financial institutions, … to provide funds availability within two hours. The new rules for automated funds transfer come into effect in the …

… institutions and stakeholders to define the technical and rules changes required to realize these benefits.  The … six time zones), faster funds availability via standardized requirements following exchange, and implementation of the … As the AFT working group finalizes their analysis and requirements definition for enhancements to the batch, we …

… payments and reporting. Working closely with our system participants, Payments Canada introduced ISO 20022 to Lynx , … Members of Payments Canada that meet payment system participant requirements are able to directly connect to our systems. …

… standards. The Interim Credit Risk Model will see system participants pledging collateral to cover the risk they … Companion Reader are also available. View the forthcoming rules here. About Payments Canada Payments Canada ensures … infrastructure, including associated systems, bylaws, rules and standards. The value of payments cleared by …

… This is a necessary step in order for new members and new participants to be welcomed into Canada’s payment systems. … on strengthening FINTRAC to implement new AML/ATF financing requirements for crowdfunding platforms and payment service …