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… consumer demand for speed and convenience has sparked significant change in retail payments.Traditional financial … with more than 100 organizations across the country about what they expect from modernized payment systems. One of the … was related to activity-based oversight. Respondents uniformly agreed that rules and regulations should be …
… for Canada’s financial services industry to adapt to that shift. Chris Hamilton , CEO of BankservAfrica, outlined the … In addition, two lively panel discussions took place on what Canada can learn about fintech from around the world, …
… adoption of ICP Exchange for forward presentment to add clarification to the participation requirements to contemplate … 12, 2023 July 11, 2023 Published Rule C1 Amendments to clarify notification of change requirements related to ACSS/USBE … should be retained for US AFT files making it distinct from what is currently required for AFT FCNs. March 2, 2023 May …
… This work extends beyond Payments Canada, requiring significant investment by key stakeholders in governments, the … institutions and stakeholders to address the needs identified in Payments Canada's Vision for the Payments Ecosystem … , published earlier this year. The Vision outlines what Canadians want from a future payment system: A modern …
… have continued throughout 2023. I recognize that with shifting timelines there have been implications due to the … On behalf of everyone at Payments Canada, I look forward to what we will achieve together in 2024 as we continue to make …
… merits in a modernized environment is critical. Put differently, Payments Canada’s Modernization initiative … lingering inefficiencies in business payments processing. What is interesting, and perhaps reassuring, is that three recent survey studies conducted independently and leveraging diverse …
… journey with several key changes - can you expand on what the U.K. is undertaking and share some examples of … done a lot of work with our larger stakeholders to identify really interesting use cases for enhanced data, for … introduction of a new RTR and access criteria are quite different than the U.K., maybe you could you reflect on the …
… to be able to manage our payment obligations based on our life’s needs. And we want to be able to complete … global marketplace with an upgraded payments capability. What does modernization look like? Canadians want to spend …