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… the executive team, Shawn will contribute to the strategic direction and leadership of Payments Canada. “Shawn has made … systems include debit card payments, pre-authorized debits, direct deposits, bill payments, wire payments and cheques …

… Mercier, Lib Gibson and Malcolm Knight to its Board of Directors, effective June 21, 2018. Adding to a roster of … the organization’s business priorities. The re-elected directors to Payments Canada’s Board include: Eileen Mercier — Board Chair and Independent Director. A professional director, including Chair of the …

… As Director, Head of Product Management, Treasury and Trade … changes like ISO20022, which are coming for Canadian wires. Direct Lynx participation simplifies our architecture and … to support payments in Canada. Looking forward, Citi’s direct connection to Lynx’s high-value payment …

… and government items) and electronic payments (including direct deposits, EDI payments, and pre-authorized debits, as … for Payments Canada member financial institutions to become direct clearers on the ACSS. As a result, in June 2022, Peoples Trust Company (PTC) became the first new direct clearer in the system’s history. A day in the life …

… and settlement as a result of Lynx implementation? As a Direct Clearer in Payments Canada’s Automated Clearing Settlement System (ACSS) and Direct Participant in LVTS, Central 1 settles billions of … real-time payments system launching in 2022, requires Direct Clearers such as Central 1 to pre-fund all payments …

… specific participant financial institutions, referred to as direct clearers, who handle the clearing and settlement of … accounts at other financial institutions, known as indirect clearers. “Delivering the new ACSS Credit Risk Model … financial institutions,” said Jan Pilbauer, Executive Director of Modernization & CIO at Payments Canada. “Working …