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… was further fueled through the pandemic,” said Jon Purther, Director of Research at Payments Canada. “Payment systems … systems include debit card payments, pre-authorized debits, direct deposits, bill payments, wire payments and cheques initiated …

… these newly regulated companies will be eligible for direct access to the payment system via amendments to the … Payments Act. And, finally, on a parallel track is consumer-directed finance*, also known as open banking, which will … lower costs, and increased innovation. Finally, consumer-directed finance* will allow consumers to efficiently manage …

… advice to Payments Canada’s management team and Board of Directors on key elements of the Modernization program and … MAC members: Lisa Lansdowne-Higgins, VP Business Deposits and Treasury Solutions, Royal Bank of Canada Ed … and Analyst, Option Consommateurs Sandra Horvath , Senior Director of Business Development, Sage David Chance , SVP, …

… of Finance. Amendments are approved by the Board of Directors. Approved rule amendments 1. Accommodate Image … added to align with Rule A10.  2. Improved clarity of Indirect participation in the EDI environment (ACSS Rule E3 … between financial institutions. Recent onboarding of a new direct clearer highlighted the need for clarification …

… those made with debit cards, pre-authorized debits, direct deposits, bill payments, wire payments and cheques. Payments …

… (ACSS), examined the magnitude of credit exposure when a Direct Clearer defaults. It also demonstrated that credit risk exists in the ACSS – it‘s embedded directly into the rules of the system, Neville Arjani, the … excited that we are doing research that will provide ACSS direct clearers with the information they need to manage …