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… cent avoid shopping at places that don’t accept contactless payments. OTTAWA, May 13, 2020 - New data from a Payments Canada study on payment trends during COVID-19 reveals some dramatic shifts …
… digital-first mindset here to stay OTTAWA, March 9, 2021 – Payments Canada released the latest data on Canadian payments trends since the onset of COVID-19, showing that … Canadians demonstrate an ongoing reluctance to handle cash, payment terminals and ATMs. Around 58 per cent of Canadians …
… are integral parts of the legal framework of the national payment systems that Payments Canada is legislated to establish and operate. … financial institutions on the appropriate handling of payment items exchanged, cleared and settled via our …
… will support introduction of data-rich, high-value payments in Canada . On November 5, 2022, Payments Canada successfully deployed the MX code to Lynx , Canada’s high-value payment system. This is the technology needed to introduce …
… Payments Canada welcomes and congratulates the new … , effective July 1, 2022. These experts from across the payment ecosystem will provide a wide range of views that are essential to the role of MAC and the future of payments in Canada. Effective July 1, 2022, the new …
… Canada’s payments Modernization program is moving along quite nicely … , enhancements to Automated Funds Transfer (AFT) – or batch payments - will be first out of the gate. We are looking … This tells me that AFT – what I call the workhorse of the payments system - is due for a day in the sun. Our …
… Through extensive consultation with our program partners, Payments Canada has determined the need for revised launch timing for the Real-Time Rail (RTR) payment system. An extension in the delivery date (or … RTR system. We recognize that there will be impacts for the payment ecosystem in Canada. Our members, regulators, …
… Payments Canada launched Lynx, Canada’s new high-value payment system in summer 2021. The organization is gearing … introduce ISO 20022 with the implementation of the Lynx MX payment messages. This implementation will assist Canadian …
… we replace ‘being there’ with digital interactions. From a payments perspective, use of cash has declined significantly, contactless payments have increased, as has use of e-Transfer. Digital … result in approximately 33 million additional government payments over the four months of the initiative. To support …