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… and the role of identity verification in combating fraud.   What is the connection between digital identity and … have no evidence that you are who you say you are, which means you can’t prove that anything you own is truly yours, … that we’re starting to see more of these. What role does digital identity play in preventing fraud? Because the …

… Author Lisa Sattler Director of Policy and Government Relations With 20 years of experience in payments, Lisa works … to lower overall operating costs. For consumers, it could mean more inclusive, accessible or affordable payment … for the benefit of Canadians. But our work is not done yet! What’s next? Payments Canada is diligently reviewing our …

… By Robert Vokes Canadians are increasingly digital, and soon paying bills, transferring money and other digital … global marketplace with an upgraded payments capability. What does modernization look like? Canadians want to spend less …

… standard that will enable data-rich payments. Financial IT: Does this mean Lynx is all about ISO 20022? MH: Yes and no. … ISO 20022 messages, which can incorporate structured remittance data such as purchase order details, invoice … some of the key benefits of the Lynx system. Financial IT: What are the other key features of Lynx that you would …

… What is the Canadian Payments Act ? The Canadian Payment Act (CP Act) is the legislation that sets out Payments Canada’s role and … consistent payment methods, no matter their location. Safer means of payment that don’t require carrying cash or taking …

… are the rules and by-laws that form their foundation. How does a payment rule get created? Once it’s created, who … might start looking into the rules and the participants and what they need to follow in that payment system. And you … so that everybody's aware. And of course, that would mean that the members would have to do whatever they need to …

… that command a fee, issuer banks provide credit that doesn’t come free. When you pay by credit card, your issuer … the retail payments market, which is a canonical example of what’s called a two-sided market. As economist Marc Rysman … than that of accepting them (and getting the sale).  This means that merchants have the lower elasticity of demand. …

… payment methods now have wide appeal among Canadians. So, what are biometric payments? Biometric authentication is a … payments. Interest in using biometric payment options does not only vary by age; differences can also be seen … consent to use their biometric data. What this really means is that Canadians want to better understand how safe …

… and create more value-add services for our customers. What does the introduction of ISO 20022 to the Lynx system mean … payments with local instant payment schemes. Enhanced remittance information supported within the payment message …