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… 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 …
… 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 …
… 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 …
… specifications for Lynx, Canada’s new high-value payment system. The updated specifications will allow Lynx … transparency. Vendors who support Canada’s payments ecosystem can use the published messages to update their … develop new services for Lynx participants and the wider ecosystem. The ISO 20022 messages for Lynx also support …
… initiatives dealing with Canada’s clearing and settlement systems; the interaction of those systems with other systems involved in the exchange, clearing or settlement of …
… Canada is in the process of transforming its payments systems, how are you supporting this effort? Much of the … project leaders for Lynx, Canada’s new high-value payments system, the Real-Time Rail (RTR) Canada’s new real-time … capability, and our nation’s existing retail batch system, the Automated Clearing Settlement System. At the …
… By collaborating with the payment ecosystem, our rules not only lay the groundwork for the safety and soundness of Canada’s payment systems, they also support and enable the environment for … a relatively short period of time. Changes to our payment systems don’t happen overnight. When industry has the …
… in Canada. As we move from Modernization planning to system delivery, Payments Canada remains focused on three … in our corporate plan: Modernize the Canadian payments systems Operate and enhance current systems Facilitate interoperability and innovation in the …
… In this five-year period, we are operating new and enhanced systems. Payments Canada’s 2022 to 2026 Corporate Plan, … set out in the 2016 Vision for the Canadian Payment Ecosystem . Three long-term strategic objectives guide Payments … Deliver projects that modernize the Canadian payment systems. Operate and enhance current systems. Facilitate the …