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… significant uptake in Canada. However, with the demand for contactless payments growing during the pandemic 2 , … This is especially beneficial for smaller merchants that solely rely on cash and are unable to transition to … a Canadian QR code standard in 2020. EY facilitated a working group of banks, processors and networks that worked …

… While we at Payments Canada often think of risk quite formally – in terms of defined risk models for modern systems, for example – we know that people identify with risk more broadly. Generally …

… payment systems around the world is creating a new norm for the way we pay and get paid. Today, consumers, … to remember aliases like a phone number or email address that can be securely linked to a bank account. Transferring … it is a legitimate and secure service provided by banks. Working closely with our participating financial …

… of Excellence at  CIBC , about how he and his team are working with Payments Canada and the broader ecosystem to … Bunt, Director, Modernization. The committee is responsible for providing leadership and oversight to support the design … to the development of Lynx’s contingency solution that will ensure another layer of post-go live system …

… & Social Impact, shares the benefits and opportunities that Wise experienced from having direct access to the UK’s … payment infrastructure. He also talks about the need for modern payments in Canada, including amendments to the … is a great example of instant payments and non-bank access working together in practice. When access was granted more …

… And, while I’m pretty sure the concept is quite familiar for those of us in the payments space who love exciting … and “liquidity savings mechanisms,” I am coming to learn that not everyone speaks this language. So how does one … we are far from one click. If I want to send you money, for example, I must log in into my bank account, key in my …

… by volume of transactions.  Contactless payments accounted for 53 per cent of payments.  E-commerce transactions … among cards. Online transfers surpassed cheques by volume for business payments for the first time. More than one in … made in 2023, totalling $11.9 trillion . The report reveals that the Canadian payment market grew by six per cent in …