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… debit cards for certain everyday purchases, such as transit payments. To offer more flexibility in payment methods for Canadian consumers and merchants, Payments Canada today announced a new rule to enable broader …

… On October 30, 2020, Payments Canada closed its public consultation on the policy proposals outlined in the Canada’s New Real-Time Payment System Policy Framework consultation paper .  The … for the Real-Time Rail (RTR), Canada’s new real-time payment system, and identified topics where additional …

… Leading the adoption of ISO 20022 in Canada and abroad. Payments Canada is actively involved in promoting … harmonization of the ISO 20022 message usage for high-value payment systems globally and is declaring its support for … current, aligning to one of the two most recent HVPS+ usage guideline collections. Live implementations should avoid any …

… August 10, 2015 OTTAWA, August 10, 2015 - The Canadian Payments Association (CPA) announced today two key … support its multi-year project to modernize Canada's core payments infrastructure. The CPA has begun a process to create a shared industry vision for the future of payments and at the same time is launching a public …

… As new payment methods emerge, how are financial institutions and payment providers considering these new options and launching new payment products in their market? With the pace of digital …

… is the first in a series that explores emerging topics in payment policy. Each explains key policy issues and considerations, as well as Payments Canada’s current and potential future role within … the need arise, that Canadians can trust and rely on. Payments Canada is supportive of the Bank of Canada’s …

… Payments Canada’s 2016 Annual Report,  Transforming Canadian Payments , is now available. The report provides an overview … many significant achievements throughout the year. In 2016, Payments Canada cleared and settled transactions totaling …

… Deposit Insurance Corp (CDIC) and the Bank of Canada, Payments Canada has released its latest research discussion paper, Quantifying the economic benefits of payments modernization: The case of the large-value payment system . The paper provides a framework to quantify …

… pay for a phone service, water, gas or property taxes, bill payments are an important part of the day-to-day financial … and financial institutions (FIs). When we think about bill payments , most of us think about sending our money to where it needs to be before the payment deadline. What is often overlooked is how bill …