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… series. So let's first set the stage on what a payments ecosystem is in the first place and why it's due to be … you going pay debit or credit before you use your card? The system should recognize it and it doesn't matter. It goes to … feel it anymore, but when we introduce all the modernized systems we have planned for, a lot of this friction will be …

… resiliency is in the spotlight as Canada's national payment systems continue to operate safely and reliably even in the … and businesses, must be prepared to constantly adjust systems to meet change in economic conditions and also … and well-being of employees as well as operations of our system top priorities. To further our discussion on risk and …

… if you will, into the businesses, and even the wholesale system. Take for example, the heist of the Bank of … That operation involved malware that had been on their systems for months, allowing threat actors to learn the … tools are then used to exploit the individual or financial systems or other targets. Adversaries themselves, they …

… The trio discusses how we must continue to modernize the ecosystem to help Canadian businesses grow, keep customers, … We must continue to innovate and modernize the payment system in order to help our businesses to grow to keep their … [crosstalk 00:06:18] Justin Ferrabee: Or they have a big system that matches that kind of stuff. Dan Kelly: Indeed. …

… really powerful when those biometrics are used within systems and solutions and services. And of course, right … and used in the context of a greater digital identity ecosystem. Cyrielle Chiron: Yeah, I think you're right. Like, … not be able to realize without a strong, secure identity system. But that said, thinking about particularly now and …

… modernization with the launch of Canada’s new high-value system, Lynx, the foundational groundwork being done for the … years, Canada will see the launch of two new payments systems: Lynx and the Real-Time Rail. THIS YEAR, Lynx will modernize Canada’s high-value clearing and settlement system with an enhanced risk model that complies with …

… to reposition Canada as a leader in the global payment ecosystem. Where to Listen:     … Transcript of the recording … PIN, they knew about the security and the security of the systems and the security that was protecting their bank … we did the debit point of sale by providing a settlement system. When I traveled around the world a few years later …

… the world. With the modernization of our national payment system, along with regulatory review and discussions, Canada … people still have to work with a relatively archaic payment system. I think this is a journey. Most countries have gone … more competitive. So if India has got a much better payment system than we have, it's easier to operate and do things …