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… Payment systems allow money to travel where it needs to be. A down payment on a home, a student loan, an invoice paid to a … money sent to a family member abroad, a first paycheque; payments are an essential part of our economy and way of …
… The Canadian Payments Association (CPA) operates under the brand name of Payments Canada. For legal purposes we continue to use CPA … related to rules, by-laws and standards. The Canadian Payments Act (CP Act) sets out the legal framework for the …
… saw the continued seamless operation of Canada’s national payment systems. The Automated Clearing Settlement System … and this past quarter cleared and settled over 2.27 billion transactions valued at more than $29.56 trillion . On March 20, Payments Canada successfully implemented the second release …
… Payments Canada has published updated ISO 20022 message specifications for Lynx , Canada’s high-value payment system, to support the implementation of Lynx … changes (Release 2.1) published by CBPR+ (Cross Border Payments and Reporting), the group that defines how ISO …
… 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 …
… 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 … the third quarter of 2022, the ACSS cleared and settled 2.3 billion payments valued at $2.2 trillion , and Lynx cleared …