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… A key priority for Payments Canada during the third quarter of 2023 was continued advocacy for changes to the Canadian Payments Act . Payments Canada submitted a response to the House of Commons Standing Committee on Finance (FINA) as part of its 2024 …
… Payment systems allow money to travel where it needs to be. A down payment on a home, a student loan, an invoice paid to a … paycheque; payments are an essential part of our economy and way of life. For over 40 years, Payments Canada has …
… By-laws, rules, standards and procedure documents are integral parts of the legal framework of the national payment systems that Payments Canada is legislated to establish and operate. …
… Susan Hawkins is the President and CEO of Payments Canada, leading the organization's next phase of development to meet the evolving payment needs of Canadians. Under her leadership, Payments …
… Payments Canada welcomes and congratulates the new appointees to its Member Advisory … , 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, …
… 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, …
… 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 … ‘go-live date’) will provide additional time to validate and test the components and end-to-end integration of the …
… Regulatory environment The Payment Clearing and Settlement Act assigns the Bank of Canada responsibility … systems for the purpose of controlling systemic risk and payment system risk. Lynx has been designated as …
… This COVID-19 pandemic has highlighted the value of everything digital. We … 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 …
… 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 …