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Modernizing Canada's Payment System requires a holistic approach
… Canadian Payments Association and Bank of Canada release research outlining areas of focus for the … 17, 2015) – As part of its initiative to modernize Canada's core national clearing and settlement framework and … debits, direct deposits, bill payments, wire payments or cheques. The CPA's Large Value Transfer System (LVTS) is …
Payments Canada names Garry Foster new board chair
… Achard elected to board. OTTAWA, June 24, 2021 - Payments Canada, the country's financial market infrastructure for … businesses, which is a perfect fit for where Payments Canada is today and for our future,” said Tracey Black, … debits, direct deposits, bill payments, wire payments and cheques initiated and received by Canadians and Canadian …
Canadian small businesses face continued struggles from pandemic headwinds – including adverse impact on sales (by 37% of businesses) and managing margins and profit (33%), reveals new Payments Canada study
… of the COVID-19 global pandemic, new research by Payments Canada reveals that Canadian small businesses continue to … evidenced by a decrease in the use of: Cash (33 per cent) Cheques from deposit accounts (25 per cent) And an increase … debits, direct deposits, bill payments, wire payments and cheques initiated and received by Canadians and Canadian …
Payments Canada elects four to Board of Directors
… OTTAWA, July 25, 2018 – Payments Canada has elected Mike Henry and re-elected Eileen Mercier, … technology, transformation and payments experts, Payments Canada’s newest board member, Mike Henry, brings a deep … debits, direct deposits, bill payments, wire payments and cheques. Payments Canada is a proud supporter of the …
Businesses stand to lose customers from payment friction at check-out
… Yet, according to a new study released today by Payments Canada, friction at the end of the path to purchase in store … insights include: One third of Canadians have deposited a cheque using a camera or mobile app and 96 per cent of them … debits, direct deposits, bill payments, wire payments and cheques. Payments Canada is a proud supporter of the …
Canadian Payments Association becomes Payments Canada
… announced today it has changed its name to Payments Canada. The new name and brand identity reflects the … as well,” said Gerry Gaetz, President & CEO of Payments Canada. “We felt it was important to reflect that outwardly … debits, direct deposits, bill payments, wire payments and cheques. Payments Canada is the brand name of the Canadian …
Younger generations: a driving force in changing payments
… Payments Canada study finds Canadians may be moving away from cash, …   Three-in-five (61%) have used their phone to deposit a cheque (compared to 38% average).   Nearly two-thirds (64%) … debits, direct deposits, bill payments, wire payments and cheques. Payments Canada is a proud supporter of the …
Payments Canada announces Donna Kinoshita as new Chief Payments Officer
… Payments Canada, Canada’s financial market infrastructure for payments, today … for the strategic management and enhancement of Payments Canada’s systems and services. Donna and her teams will … debits, direct deposits, bill payments, wire payments and cheques initiated and received by Canadians and Canadian …
Mod Blog: A real-time what? Inspiration from across the pond(s)
… Pilbauer, Executive Director of Modernization & CIO Since Canada set off on our Modernization journey, we have talked … when they need to and provide an option to credit cards and cheques. For consumers it means simpler, faster and more … In fact, 66 per cent of Canadians are willing to let go of cheques and 50 per cent are willing to let go of cash for …