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… Today, Payments Canada announced the successful implementation of … of Lynx , Canada’s high-value payment system. Lynx is an electronic wire system used by participating financial … a daily average of 50,000 transactions worth over $440 billion every business day. “The safety and soundness of …

… Payments Canada has completed a refresh to the technology that underpins Canada’s retail batch payments system , also known as the Automated Clearing … of Payments Canada payment items (both paper-based and electronic).  To learn more about our systems, visit the …

… of the country. The new Rule C1 - Cross Border Arrangements limits ACSS/USBE cross-border arrangements to features and … for cross-border arrangements on Lynx , Canada's high-value payment system. Changes were made related to the specific … of an application for a cross-border arrangement; supply Payments Canada with, at least, 30 days written notice of …

… to the success of the Canadian economy and inclusive payments and payment systems play a pivotal role. Elizabeth Mulholland, … To date, access to our payments infrastructure has been limited to the large financial sector players. While these …

… system as part of Release Two will set the foundation for payment innovation to take place in Canada over the coming … Solutions and Support, and LoAn Le-Nguyen , Program Lead, Payments Modernization, share what they’re doing to support … across borders. Our offering of banking services is quite limited and targets specific clients. These include the …

… for Canadians to enroll online in CRA Direct Deposit. Payments Canada has supported this initiative, playing a … our member financial institutions .  The ability to enroll electronically to receive government payments directly into a bank account simplifies a complex …

… Vokes Canadians are increasingly digital, and soon paying bills, transferring money and other digital transactions will be faster and more convenient. Recently, Payments Canada selected global consulting firm Accenture to … through (you have to get back to the office), you split the bill with your friends via a mobile device. In a few taps, …

… In the modern world of payments, innovation and development are happening on a near … and the future change necessary to evolve within the payments industry, Payments Canada has partnered with the … change in payments, such as the steady transition towards electronic payments, and a migration away from legacy …

… H1, Pre-Authorized Debits (PADs) have been approved by the Payments Canada Board, and are in effect as of today. A PAD … (the end user whose account is to be credited, such as a biller) that authorizes the payee to withdraw funds from the … amendments to Rule H1 include: The distinction between electronic and paper PAD agreements has been removed. As of …