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… OTTAWA, June 15, 2020 - Payments Canada today announced the availability of ISO 20022 messages for Lynx, Canada’s … of payments cleared and settled by Payments Canada in 2019 was over $55 trillion or $218 billion each business day. These encompass a wide range of payments made by Canadians and businesses involving inter-bank …

… - New technology and payments innovation are transforming the way Canadian consumers and businesses make payments, … 2019 report analysed the 21.1 billion payment transactions made in 2018, totalling more than CA$9.9 trillion in value. …   The Canadian Payment Methods and Trends report was compiled by Payments Canada with the help of payment …

… report , which analyzes 20 billion payment transactions made in 2020, totalling $9.4 trillion, and discusses trends that are transforming the Canadian payment landscape. “2020 marked a year of … cent from 2019. But, the average cheque transaction value was $7,075 (compared to $6,142 from 2019). The …

… with our best interests in mind. As technology advances, the Canadian Payments Association (CPA) is creating new … items Duplicate payment items (duplicates) are created when the same payment item – a cheque, for example – is paid … FI might clear a photocopy of a cheque because the original was misplaced, then mistakenly clear the original cheque …

… This article is the second in a series exploring emerging topics in payment … even had them as the pattern on boxer shorts that, when scanned, redirected the user to Lululemon’s website. If … stakeholders from across the Canadian payment ecosystem was assembled in response to the heightened interest in QR …

… DISCLAIMER: Articles are written to reflect the interests and views of the author(s), and are not … of commerce and society at large. This past January 3, 2019 was a special anniversary in the global payments sphere, … the public bailout of the United Kingdom’s banks which, when decoded, translated to: “The Times 03/Jan/2009 …

… March 12, 2020 - Today, in consideration of directives from the Public Health Agency of Canada, and after consultation … with multiple stakeholders and members, we have made the decision to cancel this year’s Payments Canada SUMMIT . This was not a decision taken lightly, but a necessary one, to …

… and effective clearing and settlement of payments. The plan is updated on an annual basis. Dive into our 2020-2024 corporate plan to learn about the substantial human and financial resource investments that have been made to accelerate our evolution from a humble association …

… In the cheque imaging world, duplicate payment items … specific criteria and a number of guiding principles when establishing rules that provide for recourse through … timeframe for duplicates - up to 90 calendar days. This was deemed appropriate when duplicates were rare in Canada, …