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… On our journey to implement a new real-time clearing capability (RTR) in … systems to launch in the world, so there is a lot to learn from that experience. Everyone thought that the real-time … push payment solution for consumers with Interac e-transfer – other countries such as the U.S. don’t have this. …
… On May 19, 2023, Payments Canada provided input to the Bank for International Settlements Committee on … adoption of ISO 20022 for cross-border payments by the Swift community is happening across an extended period. … both reasonable and realistic if we are going to get buy-in from the broad marketplace. Do you have any final thoughts …
… Payments Canada caught up with Dougal Middleton, Vice President Payments Modernization Business Lead, … prioritization and decision support around the program from an Enterprise perspective. I work closely with all of … domain. In Canada we’ve been well served by Interac e-transfers for consumers for many years. However, the …
… account at the Bank of Canada and what the future has in store for payment innovation. What was the motivation behind … real-time cross border payments and more. Aside from direct access to Payments Canada systems, what other … services for consumers. For instance, Wise (previously TransferWise) was able to completely transform the …
… Payments Canada has submitted its response to the Bank for International Settlements (BIS) Committee on … of ISO 20022 is an integral step in a smooth transition from the existing Message Type (MT) format to the new … the harmonization requirements coming into force after the Swift MT/ISO 20022 co-existence period ends in 2025. The …
… stakeholders, including Canadian financial institutions . Today, we are pleased to share the subsequent enhancement to Automated Funds Transfer - two-hour funds availability - is now live. What … subject to some exceptions, payees will now receive funds from qualifying financial institutions no later than …
… user expectations, and technological capability converge. From its somewhat humble current status, the mobile phone … the future. Whether online or in person, by credit or debit transfer, or using digital cash, a single platform is poised … and about the same proportion are subscribed to a wireless device. That figure is only likely to increase. …
… growing segment of e-commerce in North America - the need to build fast, flexible and secure payments systems is a top … the U.S. You often refer to the new system as being built “from the ground up” can you expand on what this means, and … email that takes them to a website that purports to be the bank’s or biller’s website. While there isn’t any way of …
… Payments Canada today announced the selection of Mastercard’s Vocalink as … how consumers, businesses, and governments benefit from the efficiency, transparency, and innovation they … pre-authorized debits, direct deposits, bill payments, wire payments and cheques. Payments Canada is a proud …