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… Need for fast, flexible and secure payments system drives Modernization in Canada Ottawa, ON – (November … These trends reinforce the need for Canada to adapt its systems as the global payments ecosystem changes, which is what Payments Canada is doing with …
… a resilient, inclusive, and competitive Canadian payment ecosystem. This role will provide overall executive leadership … essential to ensuring safe, secure and resilient payment systems. Jude Pinto brings more than 30 years of experience … will be invaluable as we work to modernize our payment systems,” said Tracey Black, Payments Canada’s President and …
… more and more is built upon the high-cost credit card system. Many fintechs are providing great value-added … more options like the low-cost, flat-fee Interac debit card system in Canada that has served merchants well for decades. … opportunities provided by the Real-Time Rail (RTR) payment system work that is happening as we desperately need another …
… and we remain focused on delivery of the new Real-Time Rail system, which is due to go-live in mid-2023. Payments … and new participants to be welcomed into Canada’s payment systems. Following the planned Department of Finance … reform, we will consult publicly on proposed changes to our system access and participation policies. The 2022 budget …
… to the delivery, operation and governance of payment systems that are innovative, secure and globally connected. … that so far this year, the Automated Clearing Settlement System (ACSS) and Lynx have cleared and settled over 9.1 … occur. In November, Payments Canada and the payment ecosystem had two very big legislative wins: changes to the …
… the case study ISO 20022 and the Real-Time Rail payment system ISO 20022 is the foundation for payment messaging across all modernized payment systems. The transition to ISO 20022 will support interoperability with global payment ecosystems, will enable new opportunities for financial …
… the case study ISO 20022 and the Real-Time Rail payment system ISO 20022 is the foundation for payment messaging across all modernized payment systems. The transition to ISO 20022 will support interoperability with global payment ecosystems, will enable new opportunities for financial …
… operational excellence by keeping Canada’s payment systems safe, secure and reliable. Payments Canada’s systems cleared and settled over $119 trillion — more than … broader access, competition and innovation within our ecosystem by onboarding new members and advocating for …
… continued seamless operation of Canada’s national payment systems. The Automated Clearing Settlement System (ACSS) and Lynx continue to operate safely and … will be critical to ensure that Canada’s payment systems continue to meet the needs of Canadians and Canadian …
… technology to a wider set of functions within our financial system.” Project Jasper was launched in March 2016 to better … settlement process. “It is vital to explore a financial ecosystem that leverages innovative technologies to optimize … promotes the efficiency and stability of the financial system,” said Senior Deputy Governor Carolyn A. Wilkins. “A …