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… organization that owns and operates Canada's payment systems, Lynx and the Automated Clearing Settlement System (ACSS). Payments Canada is responsible for the … associated by-laws, rules, and standards that support these systems. It also has a duty to promote the efficiency, …

… FIs to return certain payment items through the clearing system if for any reason payment is refused or cannot be … rules that provide for recourse through the clearing system. These are fundamental to ensuring a sound payments system:   1. Safeguarding access to deposit accounts FIs …

… engaging and communicating with the Canadian credit union system on Payments Modernization to generate awareness and … of the impacts, and enhance the readiness of the system. The Group Clearer has set out to achieve three main … a single point of information for the Canadian credit union system, to ensure relevant information is available in a …

… engrained in their Enterprise Resource Planning (ERP) systems for accounting and financial control. Education and … global commerce.  Interoperability is key as most major ERP systems and off-the-shelf accounting or business financial systems are already enabled with the ISO 20022 standard. Q: …

… how expanded access to Payments Canada's membership and systems could benefit retailers and their customers . You’re … chain in Canada, Tim Hortons has a dependency on payment systems for its day-to-day business operations. Whether it’s … Canada. How do you think expanded access to Payments Canada systems might benefit the retail sector ? I am a big …

… The SUMMIT as the main event for the Canadian payments ecosystem to learn, challenge, collaborate and thrive.” The … each day. The organization underpins the Canadian financial system and economy by owning and operating Canada’s payment … and settlement infrastructure, including associated systems, bylaws, rules and standards. The value of payments …

… messages will bring tangible results for all payment system users, from financial institutions to businesses, … standards; Efficiencies in managing/supporting payment systems; Opportunity for innovation and competition amongst … consultation to generate feedback from all Canadian payment system stakeholders on the ISO 20022 Payments Initiative and …

… part of this operates PRESTO a contactless fare collection system used on participating public transit systems in the Greater Toronto and Hamilton area and Ottawa. … of this transit network through its fare payment system is relevant to the payment ecosystem on a national …

… with countries around the world, modernizes its payments systems. The Stakeholder Advisory Council (SAC) provides … proposed initiatives, and rules that affect payment system users and service providers. SAC includes …

… us today. I am proud of the resilience of Payments Canada’s systems. The future of payments is exciting! What we are witnessing today is tremendous collaboration of the ecosystem, unfolding for the benefit of Canada. This … be a key driver for the delivery of this critical payment system. Today, as we continue the journey, our determination …