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… at Payments Canada has been deeply involved in Modernization since the outset and it has been interesting to study the various initiatives going on around the world and their meaning for our journey in Canada. The team’s focus lately has been on the design of Lynx, our new core clearing and settlement …

… The Bank for International Settlements (BIS) recently announced the launch of its first Innovation Hub Centre in the Americas , located in Toronto, Canada. The centre is focused on developing the basic …

… March 21, 2017 – Payments Canada has selected global consulting firm Accenture (NYSE: ACN) to help it lead … facilitate the transition from paper-based invoicing and cheques to digital processing for these functions. Accenture … debits, direct deposits, bill payments, wire payments and cheques About Accenture Accenture is a leading global …

… levels with 15% year-over-year growth in transaction value OTTAWA, October 4, 2022 – Today, Payments Canada … volume and value each grew by 13% year-over year Cash and cheques declined nine per cent and six per cent respectively … to decline, a trend that accelerated during the pandemic. Cheques account for a small fraction of the total payment …

… By Jan Pilbauer, Executive Director of Modernization & CIO Since Canada set off on our Modernization journey, … 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 …

… 8, 2018 – Everything in the retail, service, sharing economy and hospitality business is about creating an … 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 …

… stand to benefit the most from payments modernization. Payments Canada asked Brent Mizzen, Assistant Vice … the back-end work for the insurer. And it means fewer paper cheques! We are also excited for request-to-pay … timeline to mandate ISO 20022 for the objective to reduce cheque usage. From there, financial institutions can work …

… may be moving away from cash, but they still want the option OTTAWA, May 9, 2019 – The way we pay is changing …   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 …