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… Payments Canada has released a new discussion paper that … widely understood. The paper, A Primer on Credit Risk in Payments Canada’s Automated Clearing Settlement System (ACSS), examined the magnitude of credit exposure when a Direct Clearer defaults. It also …
… 2015 This paper investigates the impact that the emergence of Automated Funds Transfer (AFT) payments has had on cheque use in Canada. We find that AFT payments have played a role in the declining use of cheques …
… In consultation with the Bank of Canada and the Department of Finance, Payments Canada confirms that our systems and operations … 19, 2022, as a one-time federal holiday (day of mourning). Payments Canada systems and operations will be operational: …
… From our geographical size to the lean structure of our banking systems, Canada and Australia share many similarities. We are also both on a payments modernization journey, so Payments Canada was pleased to have the opportunity to speak …
… Payments Canada, in collaboration with its members, has … ISO 20022 messages between corporates and banks for Lynx payments. These guidelines can be referred to as best … In March 2023, Payments Canada introduced the 2019 version of ISO 20022 messages for Lynx payments in the interbank …
… (PAC), pre-authorized withdrawals or pre-authorized payments (PAPs). PADs are typically used for recurring payments, like mortgages and utilities, membership dues, … can use cash management PADs to draw funds from an account of its subsidiary. Payments Canada and its participant …
… Payments Canada is pleased to share that Peoples Trust … a settlement account and loan facility from the Bank of Canada and initial approval by Payments Canada to become a new direct clearer on Payments …
… With modernization as an urgent priority, record number of attendees came together to exchange views and ideas about … chose from 58 breakouts over three days, Canada’s largest payments conference – the 2019 Payments Canada SUMMIT – concluded on Thursday. From open …
… Payments Canada has responded to the Office of the Privacy Commissioner of Canada’s transfers for … including cross border transfers. In its response, Payments Canada details its concerns to OPC’s proposed …