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… money sent to a family member abroad, a first paycheque; payments are an essential part of our economy and way of life. For over 40 years, Payments Canada has ensured these payments﹘over $29 trillion in Q2 2023﹘are cleared and …
… Central 1 settles billions of dollars in Canadian wire payments over Canada’s Large Value Transfer System (LVTS) … which will be replacing the LVTS as Canada’s new high-value payments system, Central 1 is reaching important milestones in its modern payments journey. Leading the way is Sue Whitney, VP of …
… in transaction value OTTAWA, October 4, 2022 – Today, Payments Canada released its annual Canadian Payment Methods … card use rebounded, increasing by six per cent Mobile payments volume and value each grew by 13% year-over year … one quarter (22%) of Canadians are comfortable making payments using QR (quick response) codes 37% of Canadians …
… The Canadian Payments Association (CPA) operates under the brand name of Payments Canada. For legal purposes we continue to use CPA … related to rules, by-laws and standards. The Canadian Payments Act (CP Act) sets out the legal framework for the …
… valued at more than $29.56 trillion . On March 20, Payments Canada successfully implemented the second release … messaging standard to Canada. We’ve entered a new era for payments. ISO 20022 will support the inclusion of additional … enhanced and new products and services to their customers. Payments Canada has completed this implementation …
… Payments Canada has published updated ISO 20022 message … changes (Release 2.1) published by CBPR+ (Cross Border Payments and Reporting), the group that defines how ISO 20022 should be used for cross-border payments. Alignment with CBPR+ is essential to ensure our …
… At Payments Canada we dedicate ourselves to the delivery, … Lynx operations should an extreme event occur. In November, Payments Canada and the payment ecosystem had two very big legislative wins: changes to the Canadian Payments Act (CP Act) were included in the 2023 Fall …
… will support introduction of data-rich, high-value payments in Canada . On November 5, 2022, Payments Canada successfully deployed the MX code to Lynx , … in meeting Swift’s ISO 20022 migration for cross-border payments and reporting (CBPR+). This will simplify …
… Susan Hawkins is the President and CEO of Payments Canada, leading the organization's next phase of … evolving payment needs of Canadians. Under her leadership, Payments Canada is focused on modern payment technology … CEO in August, 2024, she was the Global Head of Enterprise Payments and Executive Vice President of US Payments at TD …