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… more and more is built upon the high-cost credit card system. Many fintechs are providing great value-added … more options like the low-cost, flat-fee Interac debit card system in Canada that has served merchants well for decades. … opportunities provided by the Real-Time Rail (RTR) payment system work that is happening as we desperately need another …

… and we remain focused on delivery of the new Real-Time Rail system, which is due to go-live in mid-2023.   Payments … and new participants to be welcomed into Canada’s payment systems. Following the planned Department of Finance … reform, we will consult publicly on proposed changes to our system access and participation policies. The 2022 budget …

… the case study ISO 20022 and the Real-Time Rail payment system ISO 20022 is the foundation for payment messaging across all modernized payment systems. The transition to ISO 20022 will support interoperability with global payment ecosystems, will enable new opportunities for financial …

… technology to a wider set of functions within our financial system.” Project Jasper was launched in March 2016 to better … settlement process. “It is vital to explore a financial ecosystem that leverages innovative technologies to optimize … promotes the efficiency and stability of the financial system,” said Senior Deputy Governor Carolyn A. Wilkins. “A …

… continued seamless operation of Canada’s national payment systems. The Automated Clearing Settlement System (ACSS) and Lynx continue to operate safely and … will be critical to ensure that Canada’s payment systems continue to meet the needs of Canadians and Canadian …