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… from our members and our regulators. At the same time as delivering and launching Lynx, we continued to make progress … the selection and onboarding of Interac as the exchange solution provider. The exchange solution will interface with … In December 2021, Payments Canada published an updated Delivery Roadmap confirming the introduction of ISO-based …

… with our people, members, stakeholders and partners, is delivering modernized payments systems that are safe, …

… so many other areas of life. What is the ideal business model for using a real-time payments capability? While PayPal … Canada already offers a ubiquitous electronic push payment solution for consumers with Interac e-transfer – other …

… roll out an innovative digital identity network that would solve some of the authentication challenges facing … bank will keep their payment information safe. For banks to deliver on this, they need to know a customer is who they …

… risk that take up much of our focus: target state risk and delivery risk. Target state risks are risks that we must be … to design and build from the outset, the right access models and participant requirements to enable competition and … to Canada’s payments systems operated by Payments Canada. Delivery risk is the uncertainty associated with delivering …

… the benefits and reach the industry's full potential to deliver innovative products and services, full market … with the transition to ISO 20022. Andrew Higgins:  Yeah, absolutely. I agree very much with what Mike's saying. I mean, … Fuller always said, "You really have to create a new model that makes the old model obsolete." I think that's what …

… and suggest how the industry can work together to solve them. We’ve reached a cross-road where the pace of … the pace of standards development, and we need a model that will help the industry move forward with the … the same thing and because of this, the thousands of data models embedded in millions of financial systems do not align …