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… 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 …

… 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. …

… 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 …

… 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 …

… 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 …

… wholesale cross-border payment services include payment system operators, messaging networks, multi-currency settlement systems and commercial banks acting as intermediaries or … arrangements, such as interlinkage of domestic payment systems, card networks, payment service providers (PSPs) and …

… 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 …

… on the design of Lynx, our new core clearing and settlement system, and, in particular, how to strike an appropriate … model. While this model eliminates settlement risk between system participants, it is also expected to increase … to experiment with LSM designs used in high-value payments systems around the world. Use of artificial data is intended …

… legacy technology.   “The modernization of Canada’s payment systems – specifically the introduction of faster, safer and … more informed about the coming changes to national payment systems.” The introduction of new systems, rules and standards as part of Payments Canada’s …