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… like insurance companies, stand to benefit the most from payments modernization. Payments Canada asked Brent Mizzen, … have remittance data travel with electronic payment data - due to ISO 20022 - is an exciting outcome of Modernization, … thing we would ask is commitment to a clear timeline to mandate ISO 20022 for the objective to reduce cheque usage. …

… Key report highlights:  Digital payments represented 86 per cent of total payment volume and 75 per cent of total payment value. Cash … (22 per cent), being perceived as a long-term investment due to faith in its technology (20 per cent), diversifying …

… saw the continued seamless operation of Canada’s national payment systems. The Automated Clearing Settlement System … running flawlessly. System availability is at 99.91% and to date, Lynx has cleared and settled over seven million … standard will allow for more data to travel with each payment. This data can be leveraged to provide improved …

… views of the author(s), and are not intended as an official Payments Canada statement or position. Summary The global payments landscape continues to evolve in line with the … needs of Canadian businesses. Inefficiencies remain largely due to reliance on legacy payment instruments Despite these …

… on March 30, 2023. New technology and innovations in the payment space are transforming the way Canadian consumers and businesses make and process payments. According to data from Payments Canada’s annual … and home assistants. This level of comfort is likely due to the perceived security associated with the uniqueness …

… insight on how smaller businesses are being served by the payments ecosystem, and how they’ll benefit from modern payments, from Vikram Behla, Manager for Small Business at … accelerate their shift from paper to digital payments due to the COVID-19 pandemic, how will Prospera Credit Union …

… . An interview with Mike Hoganson, Director, Lynx, at Payments Canada Financial IT: Mike, could you please briefly … of Lynx, in the context of where Canada’s high-value payment system has come from and where it is going? Mike … the COVID-19 pandemic had no impact on our go-live date. Financial IT: What would be your ‘elevator pitch’ …

… OTTAWA, June 14, 2022 - Payments Canada today announced Peoples Trust Company (PTC), … directly with the Bank of Canada. This is possible due to regulatory changes in August 2020 that removed a … ACSS payments in Canada. We support Payments Canada’s mandate to provide access to competition in support of …

… . An interview with Tracey Black, President and CEO of Payments Canada. Financial IT: How do you best describe Payments Canada’s role within the payment ecosystem? Tracey … Canada’s role and arrangement are somewhat unique. Our mandate is defined by legislation, the Canadian Payments Act . …