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… Canada’s payments Modernization program is moving along quite nicely and, as outlined in our Roadmap … first out of the gate.  We are looking forward to seeing this important work come to fruition for Canada.  But, with … get asked why we are bothering to enhance “legacy” AFT.  This tells me that AFT – what I call the workhorse of the …

… real-time payments system, the Real-Time Rail (RTR) . This announcement follows a selection process that included … payment messages. The partnership will leverage Interac’s existing infrastructure in Canada’s payment ecosystem and its existing connectivity to nearly 300 financial institutions. To …

… Government of Canada’s spending and policy priorities for this year. Payments Canada supports the government’s plan for … which aligns with our statutory mandate. However, we are disappointed that amendments to the Canadian Payments Act (CP … The government expects that the commitments by credit card networks for small businesses will not adversely impact …

… DISCLAIMER: Articles are written to reflect the interests and … credit card, to electronic funds transfer and wire… the list goes on. Not to mention the myriad channels at one’s disposal to initiate payment -- including directly from the …

… Payment industry is focused on delivering final pillar of the RTR through … including a centralized fraud utility service. The RTR is a complex, large-scale, multi-year infrastructure program … exchange of payment messages in real-time. The second piece is the build of the real-time clearing and settlement …

… on May 31, Kalyani Bhatia shares her thoughts on why the ISO 20022 messaging standard will be a game-changer for the payments ecosystem.  Kalyani Bhatia is the Head of Business Innovation for the Americas & UKI Region at SWIFT . She is responsible for supporting regional business product …

… sense and it’s a significant point of friction. We know this needs to change.  A recent study shows cross-border … service provider revenues globally, the bulk of which consisted of corporate payments. In Canada about 17 per … (U.S.) being the top destination for transfers. Within this count, close to one in four Canadians making these …

… and Lynx continue to operate safely and smoothly and this past quarter cleared and settled over 2.27 billion … the second release of Lynx , which introduced the ISO 20022 financial messaging standard to Canada. We’ve entered a new era for payments. ISO 20022 will support the inclusion of additional data …

… DISCLAIMER: Articles are written to reflect the interests and … share their data with third parties. The consultation paper is expected to be just the first step in a lengthy process. … of open banking, how best to manage the associated risks, the appropriate scope, and what role the government …