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… the payment ecosystem share insights and perspectives on some of the most important challenges and opportunities … to an indirect clear versus a direct clearer. And this allowed us to apply our risk framework as it pertains to … clearer participants in Canada. And there was a tremendous amount of collegial work that got done to create this. And I …
… Financial institutions With modern payment systems, financial institutions can provide faster, data-rich and more diverse payment …
… Payments Canada is leading the effort to introduce ISO 20022 — an international standard designed to simplify global business … payment options that reduce costs (think fewer and fewer cheques or drafts) and reduce inefficiencies over …
… Payment service providers The Real-Time Rail is built with future functionality, allowing payment service providers to offer new … to their clients … Expanded real-time payment participation Once the Canadian Payments Act is amended to expand …
… In December 2022, a diverse coalition of organizations from across the payment … business or a consumer, either one, we exchange billions of dollars each day and increasingly exchange these funds …
… Government The Real-Time Rail allows governments to send and receive data-rich funds in seconds, making processes and services for Canadians and … serve citizens faster financially while creating a foundation for Canadians businesses to operate more efficiently …
… Developer portal Be a part of Canada’s next generation payment system … allows developers to explore and create against API functionality user test data. These APIs will help businesses …
… DISCLAIMER: Articles are written to reflect the interests and … intended as an official Payments Canada statement or position. Summary This piece provides a summary of the key factors that drive the emergence of tiered relationships in payment systems and other financial market …