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… the safe and sound operation of Canada’s national payment systems. The Automated Clearing Settlement System (ACSS) and Lynx continue to operate smoothly and, so … payment industry with insights into the evolving payment ecosystem. This quarter, we also had to make some difficult, …

… operations and the migration of the organization’s payment systems to a new and improved data and network … higher performance and resiliency in our existing payments systems,” said Gerry Gaetz, President & CEO of Payments … each day. The organization underpins the Canadian financial system and economy by owning and operating Canada’s payment …

… Act that serves as a consultative and engagement forum for system participants who are also members of Payments Canada. … It is broadly representative of the diversity of our system participants. Members are nominated and appointed by … to the Board on Payments Canada’s clearing and settlement systems, the interaction of those systems with other systems …

… about credit risk in the Automated Clearing Settlement System (ACSS), which isn’t widely understood. The paper, A … Risk in Payments Canada’s Automated Clearing Settlement System (ACSS), examined the magnitude of credit exposure … in the ACSS – it‘s embedded directly into the rules of the system, Neville Arjani, the paper‘s author, explained. …

… deployed the MX code to Lynx , Canada’s high-value payment system. This is the technology needed to introduce the ISO 20022 financial messaging standard to the Lynx system in support of release two in March 2023.  During … (the same messages used by the Large Value Transfer System, Lynx’s predecessor).The second release introduces …

… from BMO. Expanded access to Canada’s national payment systems will bring increased innovation, consumer protection … the economy. In Q3 2023, the Automated Clearing Settlement System (ACSS) and Lynx continued to operate safely and … and work continued on the Real-Time Rail (RTR) payment system program. Payments Canada completed the targeted risk …

… and allows us to serve 2.5 million Canadians across our ecosystem. We move a lot of money in, out and within our ecosystem. However, we want to reimagine the money movement … of the impacts we’ve had on the Canadian financial ecosystem and the significant investments we have made in our …

… Need for fast, flexible and secure payments system drives Modernization in Canada Ottawa, ON – (November … These trends reinforce the need for Canada to adapt its systems as the global payments ecosystem changes, which is what Payments Canada is doing with …