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… Tracey Black to depart; Kristina Logue and Jude Pinto appointed interim co-Chief Executive … 2018, made the decision not to renew her term as President and CEO of Payments Canada. Over the last five years, Black … initiatives, serving Canadians with secure, efficient, and resilient payment systems, and laying the foundation for …
… creating new opportunities for payment system users to send and receive payments over the national payments clearing and settlement systems more efficiently. Understanding, … (US Bank) to share experience and statistics from the U.S. transition to imaging, specifically in regards to duplicate …
… Area (SEPA), for a proof-of-concept exercise with RBC and TD. The new ISO 20022 file validation tool is intended … file formats are built correctly. The new tool will test and certify client payment files, enabling financial … systems, but it’s equally important to make sure the transition to a modernized payments ecosystem is smooth and …
… provides an overview of the organization’s activities, and highlights our many significant achievements throughout the year. In 2016, Payments Canada cleared and settled transactions totaling close to $51 trillion, … capabilities were strengthened. 2016 also marked the transition to a new name and visual identity, from the …
… — the multi-year initiative 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 … messaging standard ISO 20022, which will facilitate the transition from paper-based invoicing and cheques to digital …
… This new rule further supports the move to digital payments and lessens consumer reliance on cash. The proposed rule, … Debit Payment Items for the Purpose of Clearing and Settlement, is written to accommodate debit card … rule is to accommodate the use of POS debit payments for transit, the rule is designed to enable other possible use …
… annual report, Payments Meets Purpose . Throughout the pandemic year, our people honoured our 40-year history as … kept Canada’s national payments systems operating safely and securely, advanced efforts on both Lynx, our new … Exchange (USBE) system. We welcomed new leaders who led the transition to working from home. The health and safety of …
… In the modern world of payments, innovation and development are happening on a near daily basis. To learn about this progress and the future change necessary to evolve within the … forces that drive change in payments, such as the steady transition towards electronic payments, and a migration away …
… DISCLAIMER: Articles are written to reflect the interests and views of the author(s), and are not intended as an official Payments Canada … by the acquiring bank or a payment processor, which routes the payment information through the credit card …
… company’s projected return on investment from modernization and lessons learned. This includes productivity savings in … opportunities stemming from increased data richness and availability, including value-add analytics services for … messaging across all modernized payments systems. The transition to ISO 20022 will support interoperability with …