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… joining me today on ThePayPod. So Mike, ISO 20022. Not only does it sound boring, it sounds like something from Dr. Who … their eyes glaze over as soon as you start with ISO part. What is it, and why is it so important? Mike Sigal:  Well, … data to a payment message that wasn't there before, which means you can integrate it more effectively into your …

… Canadian Payments Association and Bank of Canada release … for the future of payment systems and many opinions on what should take top priority," said Carol Ann Northcott, … of payments, which totaled $44.9 trillion in 2014, or $178 billion every business day. These encompass a wide range of …

… Need for fast, flexible and secure payments system drives Modernization in Canada Ottawa, ON – (November 16, 2016) – Payments … systems as the global payments ecosystem changes, which is what Payments Canada is doing with its Modernization …

… to evolve at a rapid pace, but the fundamentals of what Canadians want have not changed. According to data from … people might have asked you this question before, but why does Canada need a new payment system that supports real … from a real time payment system, increased availability of remittance information, faster payments and irrevocability. …

… for Canadians to reap the benefits of modern payments, what legislative and regulatory changes are needed? Finance … of the overall market.  Migrant workers in Canada sending remittances abroad face average fees of six per cent  … and as low cost as possible. Direct payment access means no middleman taking a cut and adding friction to the …

… Canadians have consistently demanded more digital and modern payments options. So, what has changed in the face of a global pandemic? PayPod … growth in the volume of non-cash payment. However, cash does have some great benefits in terms of ubiquity and ease …

… to individuals or businesses in other countries. It doesn’t make sense and it’s a significant point of friction. … implemented or are close to implementing real-time systems. What this means is that across the globe we’re seeing consistency in …

… The first quarter of 2023 saw the continued seamless operation of Canada’s national payment … membership eligibility in 2023. To learn more about what expanded membership and participation in our national payment systems will mean for Canada, I encourage you to read this interview with …