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… of Finance established a task force to analyze Canada’s payments system and make recommendations on the future of payments in Canada. They were asked to: Review the safety, soundness and efficiency of the payments system; Determine whether there was sufficient …
… Through extensive consultation with our program partners, Payments Canada has determined the need for revised launch timing for the Real-Time Rail (RTR) payment system. An extension in the delivery date (or … RTR system. We recognize that there will be impacts for the payment ecosystem in Canada. Our members, regulators, …
… Regulatory environment The Payment Clearing and Settlement Act assigns the Bank of … systems for the purpose of controlling systemic risk and payment system risk. Lynx has been designated as systemically important under this Act and, as a result, Payments Canada is subject to oversight from the governor of …
… we replace ‘being there’ with digital interactions. From a payments perspective, use of cash has declined significantly, contactless payments have increased, as has use of e-Transfer. Digital … result in approximately 33 million additional government payments over the four months of the initiative. To support …
… By collaborating with the payment ecosystem, our rules not only lay the groundwork for the safety and soundness of Canada’s payment systems, they also support and enable the … Vancouver, British Columbia, introduced an alternative payment option to their riders: the ability to tap their …
… Canadian Payments Association operates under the brand name of Payments Canada. For legal purposes we continue to use Canadian Payments Association (or the Association) in all information …
… views of the author(s), and are not intended as an official Payments Canada statement or position. Summary Recently, we have seen significant discussions in payments literature regarding countries moving towards becoming cashless societies. In Canada, electronic payment alternatives to the use of cash have flourished, in …
… Payments Canada asked Victoria Cleland the Bank of England’s Executive Director for Banking, Payments and Financial Resilience to talk about the impact … (RTGS) system will have on transforming electronic payments in the United Kingdom and the projected value of …
… Payments Canada is committed to protecting your privacy. … information. This statement addresses: Your visit to www.payments.ca; The information we, Payments Canada, collect from you and the personal …