Search results
… 2023 Fall Economic Statement (FES), the federal government committed to amendments of the Canadian Payments Act (CP Act). This is tremendous news for the Canadian payment ecosystem, … regulated entities and more choices for Canadians. So now what? Where to Listen: … Transcript of the recording …
… At The 2022 Payments Canada SUMMIT, the Honourable Randy Boissonnault , Minister of Tourism and Associate Minister of Finance, spoke about plans to increase innovation, competition and diversity in Canada’s payment systems by … Canada with respect to PSP access to our payment systems. What is the Retail Payment Activities Act? Parliament …
… imaging world, duplicate payment items (duplicates) are risky business. As explained in Part 1 of this series, the … we take a closer look at key policy considerations. What might need to change as image capture and payment … capture and payment exchange gain traction in Canada. What FIs can do 1. Capacity to prevent and detect duplicates …
… the real-time rail. And, while I’m pretty sure the concept is quite familiar for those of us in the payments space who … exchange” and “liquidity savings mechanisms,” I am coming to learn that not everyone speaks this language. So … businesses? Let’s give it a shot. Today we are experiencing what I call a “one-click” revolution. When I need more …
… Payments Canada uses the SWIFT network for the transmission of payment messages to and from Lynx participants. … SWIFT, or the Society of Worldwide Interbank Financial Telecommunication, is the global provider of secure financial … the better for the Canadian ecosystem in the years to come. What does the introduction of ISO 20022 in the cross-border …
… In this episode, host Cyrielle Chiron introduces a pre recorded … that took place earlier this year. The discussion explores what’s in store for modern payments, including what payment modernization initiatives are coming online in Canada and how they will enable new …
… The pandemic has changed payments forever; 2025 is happening now. As digital payments have become almost universally accepted, the next gold rush is for customer experience: own the experience, own the value. What can the payments industry learn from the birth of the …
… a CBDC could bring to an economy, however, there are complexities and uncertainties as well. What considerations are being made by central banks AND … of a digital currency? What are the complexities and risks with introducing a CBDC? The Paypod host Cyrielle …
… The net amount that represents the difference between what is owed by each participant to all others and what others owe that participant. … Multilateral netting …
… Payments Canada is leading the effort to introduce ISO 20022 — an … international standard designed to simplify global business communication — for payments in Canada. It has defined new … This would make it hard for systems and people to know what is what. With ISO 20022 structured data, the …