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… 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 …
… 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 …
… this year, we have seen record values pass through the LVTS system. As of the time of writing, our largest single day … the Bank of Canada to support the economy and the financial system in weathering the impacts of COVID-19 through the … more comprehensive measures to ensure that the financial system continues to play its role of providing credit where …
… payments happens within — and not outside — the regulatory system. “Payments are changing at an unprecedented rate,” … Officer of Payments Canada. “Canada must evolve its payment systems and supporting legislation in parallel to deliver … of safety and security expected from Canada’s financial system, we need to modernize the Canadian Payments Act .” …
… from LVTS transaction data. As an operator of Canada’s systemically important payments system directly overseen by the Bank of Canada, it is … around Lynx, the new real-time gross settlement payments system Payments Canada will be acquiring through 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 …
… 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 …
… happens within — and not outside — the regulated financial system. Broader access will increase competition and safe innovation in the Canadian payment ecosystem, meaning greater choice, speed and flexibility for … in Canada , specifically as it relates to the payment ecosystem. In fulfilling its mandate as the owner and operator …