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… the promotion of Derek Young to Senior Director, Payment Systems Operations. Derek Young has been with Payments … brings in-depth knowledge of Payments Canada’s payment systems, legal framework, technology operations, and the broader payments ecosystem. Reporting to the Chief Information Officer, Derek …

… payments modernization: The case of the large-value payment system . The paper provides a framework to quantify the economic benefits of replacing the Large-Value Transfer System (LVTS) with Lynx, Canada's new high-value payment system, which launched August 2021 . Insights from this …

… a participant on Lynx, Canada’s new high-value payment system which launched in August 2021 . Citi joins 16 other … mind. The addition of new participants on Canada’s payment systems will drive competition and support the introduction … and overseen by the Bank of Canada, Lynx is designated as a systemically important payment system under the Payment …

… around the world are making innovative changes to their systems to pave the way for faster payments. As Payments … interoperability and risk management in payment systems. Carol Ann Northcott, Payments Canada’s vice …

… process for the country’s new core clearing and settlement system for payments, called Lynx. The short list of … plan is to establish a new core clearing and settlement system - a safe and secure foundation that supports a … for information (RFI), research and analysis of payments system modernization initiatives around the world and …

… that puts Canada at the leading edge of payments. “Payment system modernization is about making sure we are competitive … of this work will be a faster, safer and fairer payments system that fosters innovation and creates a better payment … the financial services industry and users of payment systems. To meet regulatory requirements and ensure safety …

… to broaden Payments Canada membership and access to our systems. You spoke at The 2023 Payments Canada SUMMIT about … of them wobbles, this could affect the entire fintech ecosystem and all their customers. Expanding access to payments … allowing payment companies, alongside banks, to access the system, can help ensure that risks are diversified and …

… 2022. With the recent technology refresh of the ACSS batch system , and its move to a web-based application, many … arrangements on Lynx , Canada's high-value payment system. Changes were made related to the specific nuances of …