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Canada’s gig economy has been fuelled by the pandemic – but workers and businesses are challenged by payments mismatch

… New research shows that the COVID-19 pandemic has led to an increase in the number of Canadians who …

Exchange of PIN-less Point-of-Service Debit Payment Items for the Purpose of Clearing and Settlement

Exchange of Point-of-Service Delayed Authorization Debit Payment Items for the Purpose of Clearing and Settlement

Rules Pertaining to the Inter Financial Institution Exchange of Bill Payment Remittances for the Purpose of Clearing and Settlement

Payments Canada, the Bank of Canada, TMX Group, Accenture and R3 Demonstrate Feasibility of Instantaneous Equity Settlement through Distributed Ledger Technology

… Proof of concept first to integrate cash and assets to enable settlement on distributed ledger technology TORONTO, May 11, 2018 – Payments Canada, the Bank of Canada, TMX Group and Accenture …

FPS

… Faster Payment System, the ERPS established in the UK … FPS …

Image

… A digital representation of the front and back of a payment item. … Image …

PSD

… Payment Systems Directive, issued by the European Commission … PSD …

Direct participant

… An entity(e.g. financial institution) that meets the applicable access criteria to access a payment system directly (without sponsorship or agency agreement with other bank/payment services provider) … Direct participant …

Electronic (EDI) remittances

… Bill payments to businesses that include data related to that business' Corporate Creditor … Number (CCIN) for credit to a corporation. Includes bill payments initiated via telephone and Internet banking and …

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