Search results
… 44 per cent say COVID-19 has changed their payments preferences to digital and contactless long-term; … are uncomfortable handling cash OTTAWA, November 25, 2020 – Payments Canada has released new data on Canadian payment trends since the onset of COVID-19, showing that …
… At Payments Canada we dedicate ourselves to the delivery, operation and governance of payment systems that are innovative, secure and globally … Lynx operations should an extreme event occur. In November, Payments Canada and the payment ecosystem had two very big …
… cent avoid shopping at places that don’t accept contactless payments. OTTAWA, May 13, 2020 - New data from a Payments Canada study on payment trends during COVID-19 reveals some dramatic shifts …
… digital-first mindset here to stay OTTAWA, March 9, 2021 – Payments Canada released the latest data on Canadian payments trends since the onset of COVID-19, showing that … Canadians demonstrate an ongoing reluctance to handle cash, payment terminals and ATMs. Around 58 per cent of Canadians …
… are integral parts of the legal framework of the national payment systems that Payments Canada is legislated to establish and operate. … financial institutions on the appropriate handling of payment items exchanged, cleared and settled via our …
… will support introduction of data-rich, high-value payments in Canada . On November 5, 2022, Payments Canada successfully deployed the MX code to Lynx , Canada’s high-value payment system. This is the technology needed to introduce …
… Payments Canada welcomes and congratulates the new … , effective July 1, 2022. These experts from across the payment ecosystem will provide a wide range of views that are essential to the role of MAC and the future of payments in Canada. Effective July 1, 2022, the new …
… Canada’s payments Modernization program is moving along quite nicely … , enhancements to Automated Funds Transfer (AFT) – or batch payments - will be first out of the gate. We are looking … This tells me that AFT – what I call the workhorse of the payments system - is due for a day in the sun. Our …
… 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 …