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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 … Current debit acceptance requirements, as defined by Payments Canada’s existing rules, require merchants to have …
… Payments Canada introduces a third daily interbank period for financial institutions to exchange batch payments OTTAWA, September 26, 2018 – Payments Canada, the country’s financial market …
… OTTAWA, September 29, 2017 – Payments Canada, the Bank of Canada and enterprise software … with Distributed Ledger Technology for Domestic Interbank Payments Settlement , provides a comprehensive view of the … said Andrew McCormack, Senior Director, Technology at Payments Canada. “In fact, that involvement and the …
… 22, Eileen Mercier , Chair and Independent Director of the Payments Canada Board, was recognized by the Women’s … generation of leaders.” Ms. Mercier has been Chair of the Payments Canada Board since 2015. She is chancellor of … navigate the complex and exciting mission to modernize the payments system in Canada," said Gerry Gaetz, President & …
… OTTAWA, September 28, 2021 - Payments Canada announced today that Citi has become a … As a participant on Lynx, Citi is now able to settle payments directly with other participants. In addition to sending and receiving high-value and time-critical payments, Citi and its clients will also benefit from Lynx’s …
… OTTAWA, April 4, 2022 - Payments Canada today announced the selection of Tata … said John Cowan, Chief Technology & Operations Officer of Payments Canada. “Testing and deployment is a critical step … this next step for the RTR as we help shape the future of payments in Canada.” The partnership will leverage TCS's …
… OTTAWA, May 2, 2019 - Payments Canada announced today the selection of IBM Canada … as the lead technology partner for Canada’s new high-value payments system, Lynx. IBM Canada will provide combined … security, resiliency and operating standards for high-value payments in Canada,” said Gerry Gaetz, President & CEO of …
… New research from the Canadian Payments Association (CPA) reveals compelling evidence of … between the use of Automated Funds Transfer (AFT) payments and the declining use of cheques in Canada. In a … have been a key contributor to the growth of electronic payments in Canada. In 2012, nearly 758 million AFT credits …
… Payments Canada announces far-reaching plans to improve payments infrastructure and rules Ottawa, ON (December 8, 2016) - Payments Canada today released far-reaching plans to change …
… OTTAWA, March 21, 2017 – Payments Canada has selected global consulting firm … to transform the systems and rules essential to Canada’s payments ecosystem. Due to the scope of the program and the number of participants involved, Payments Canada sought to team with a company that could …