Search

… the country expects to replace two of their major payments systems, amongst other changes. For a deeper dive on the … competition and security for our retail and low-value systems. Effectively, the entire U.K. payments … enhanced functionality of the real-time gross settlement system. On the consumer side, we believe, a highlight will …

… growing its workforce and improving the resiliency of its systems, made great strides on its mission to … continue to operate a safe, secure and reliable payments system for all Canadians, it also made tremendous progress … our organization as an influencer with the financial ecosystem.  What propels us forward is the collective ambition …

… as we continued to prepare for and implement new payments systems. The report captures our achievements, activities … we improved our internal services. As a connector in our ecosystem, we continued to facilitate an enhanced and more … stakeholders, we are delivering on a modernized payments system that is fast, flexible and secure. We are confident …

… two years, Canada will see the launch of two new payments systems: Lynx in 2021 and the Real-Time Rail (RTR) in 2022. … will modernize Canada’s high-value clearing and settlement system ( Large Value Transfer System ) with an enhanced risk model that complies with …

… providers (PSPs) to safeguard funds and the financial system with operational risk requirements. PSPs must also … the requirements to gain Payments Canada membership and system participation. The CP Act is the legislation that … for Payments Canada’s membership and access to our systems to include PSPs, credit union locals and operators …

… to enable new technology and innovation in the financial system. During The 2024 SUMMIT, Jon Purther, Director of … the technology that could significantly impact financial systems and the trends that could challenge their financial … basically a building block that could allow faster payment systems to operate with super scalability in the backend. …

… innovation, competition and diversity in Canada’s payment systems by expanding membership eligibility to include … Payments Canada with respect to PSP access to our payment systems. What is the Retail Payment Activities Act? … new players to join and participate in Payments Canada’s systems, the Canadian Payments Act must in turn be amended …

… a resilient, inclusive, and competitive Canadian payment ecosystem. This role will provide overall executive leadership … essential to ensuring safe, secure and resilient payment systems. Jude Pinto brings more than 30 years of experience … will be invaluable as we work to modernize our payment systems,” said Tracey Black, Payments Canada’s President and …