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… weak system of identity. So, how do we make it easier for customers to prove they are who they say they are - all the … that work together. These layers include what a customer knows (such as their mother’s maiden name), what … was meant to be impenetrable by hackers, but was bypassed just eight days after its launch. For a layered system to …

… Chinese visitors to Canada contribute more than $1 billion USD to the Canadian economy, supporting an estimated 7,400 … 2021. When it comes to making purchases, these visitors are used to and expect frictionless buying experiences. … a new Nielsen report, 93 per cent of Chinese tourists would use mobile payments overseas if given the option. To learn …

… and demographics driving much of this change. From the use of automatic and invisible payments to the popularity of … payment preferences should strike a chord with Canadian businesses. The 18-34 age group is more likely to choose an … Nearly half say they are more likely to make a spontaneous purchase because their payment data is stored within an …

… payments system, on the horizon we caught up with Steve Faust, Associate Vice President of Payments Modernization at … in 2021. This includes participating in pre go-live Lynx industry testing and enhancing our business processes to account for real-time settlement within …

… the Project Jasper research initiative. Building on previous Jasper work, this phase of the project will develop a … of concept for the clearing and settlement of securities using the central bank cash-on-ledger model. This platform … settlement process. “This experiment continues to push boundaries, so it is exciting to move into a third phase …

… of payments initiatives. We realized early on that we just needed to start the conversation with credit unions. The … unions will need, all in one place. We also have held various webinars – both at a strategic level and detailed … of exchange deadlines*) have on credit unions and their customers? What are the opportunities? The upcoming …

… for prominent payment systems.  “Mastercard’s Vocalink business is a demonstrated leader in the real-time payments … CEO of Payments Canada. “Providing Canadians and Canadian businesses with access to faster, data-rich payment options … around the world, we’ve seen first-hand how consumers, businesses, and governments benefit from the efficiency, …

… version of the Canadian dollar, for potential future use should the need arise, that Canadians can trust and rely on. Payments Canada is supportive of the Bank … be issued in digital form. Important to note is that because the Bank of Canada would issue CBDC, it would be a …

… world, legal frameworks governing the sharing and use of data in payment services — and awareness of their … between multiple competing policy interests. However, they must be considered together in implementation. Particularly … a dizzying array of faster, easier ways to pay for things using digital wallets, to manage money using mobile banking …

… direct membership and system participation make sense versus their status quo. Then, it’s time to start communicating. Early on, I … and system participation. Q: How should credit unions be using their voices? What are the key issues or opportunities …