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… from BMO. Expanded access to Canada’s national payment systems will bring increased innovation, consumer protection … the economy. In Q3 2023, the Automated Clearing Settlement System (ACSS) and Lynx continued to operate safely and … and work continued on the Real-Time Rail (RTR) payment system program. Payments Canada completed the targeted risk …
… about credit risk in the Automated Clearing Settlement System (ACSS), which isn’t widely understood. The paper, A … Risk in Payments Canada’s Automated Clearing Settlement System (ACSS), examined the magnitude of credit exposure … in the ACSS – it‘s embedded directly into the rules of the system, Neville Arjani, the paper‘s author, explained. …
… deployed the MX code to Lynx , Canada’s high-value payment system. This is the technology needed to introduce the ISO 20022 financial messaging standard to the Lynx system in support of release two in March 2023. During … (the same messages used by the Large Value Transfer System, Lynx’s predecessor).The second release introduces …
… operations and the migration of the organization’s payment systems to a new and improved data and network … higher performance and resiliency in our existing payments systems,” said Gerry Gaetz, President & CEO of Payments … each day. The organization underpins the Canadian financial system and economy by owning and operating Canada’s payment …
… Act that serves as a consultative and engagement forum for system participants who are also members of Payments Canada. … It is broadly representative of the diversity of our system participants. Members are nominated and appointed by … to the Board on Payments Canada’s clearing and settlement systems, the interaction of those systems with other systems …
… and allows us to serve 2.5 million Canadians across our ecosystem. We move a lot of money in, out and within our ecosystem. However, we want to reimagine the money movement … of the impacts we’ve had on the Canadian financial ecosystem and the significant investments we have made in our …
… wholesale cross-border payment services include payment system operators, messaging networks, multi-currency settlement systems and commercial banks acting as intermediaries or … arrangements, such as interlinkage of domestic payment systems, card networks, payment service providers (PSPs) and …
… discharge of those obligations. … Clearing and settlement systems …
… A disruption to the payments ecosystem large enough to have a noticeable impact on GDP. … System-wide risk …