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… framework, to enable a broader range of point-of-service debit card acceptance. This new rule further supports the … Rule E5 Exchange of Point-of-Service Delayed Authorization Debit Payment Items for the Purpose of Clearing and Settlement, is written to accommodate debit card payments for point-of-service use cases where it …

… Launch represents another milestone in payment innovation OTTAWA, … day. Transactions that pass through these systems include debit card payments, pre-authorized debits, direct deposits, bill payments, wire …

… underpinning the Canadian economy. The launch of Lynx represented a significant collaborative effort between … of the transactions that pass through our systems include debit card payments, pre-authorized debits, direct deposits, bill payments, wire …

… of ISO 20022 messaging on the Lynx payment system represents a massive collaborative effort between Payments … day. Transactions that pass through these systems include debit card payments, pre-authorized debits, direct deposits, bill payments, wire …

… innovation has evolved Canadian purchasing behaviours and preferences. Wearables, generative AI (GenAI) and home … over time. What this suggests is that usage has become widespread and is approaching market maturation. It's expected … way for this demographic to manage spending than credit or debit cards. Growth within the open-loop prepaid card market …

… the Bank of Canada. Disclaimer: the views and opinions expressed in this article are those of the authors and do not necessarily reflect or represent those from the Bank of Canada. How is Bank of Canada … one, at least to some of us! While the concepts of debits and credits are not changing, the mechanics of making …

… QR codes are most commonly used to initiate credit and debit card payments but can also be used for other use cases … QR code-enabled payments are either merchant or customer-presented:  Merchant-presented: A vendor presents their unique QR code to a …

… which many people would more commonly recognize as pre authorized debits and direct deposits. These typically can take about a …