Shawn Van Raay joins Payments Canada’s executive team
Payments Canada recently announced that Shawn Van Raay will join the executive leadership team as Chief Information Officer, effective October 1, 2022.
Shawn joined Payments Canada in 2021 as Chief Information Officer with the mandate to oversee the information technology aspect of Payments Canada, including the people, processes and technologies to support corporate objectives. As a member of the executive team, Shawn will contribute to the strategic direction and leadership of Payments Canada.
“Shawn has made a significant contribution to Payments Canada in the time he has been with us. His extensive knowledge of the financial and payment industries, combined with his dedication to the safe and resilient operations of our systems, adds significant value to our rapidly changing payment ecosystem,” said Tracey Black, President and CEO of Payments Canada. “This appointment is well deserved and will help support Payments Canada’s mandate.”
About Payments Canada
Payments Canada is a public purpose organization that owns and operates Canada's payment systems, Lynx and the Automated Clearing Settlement System (ACSS). Payments Canada is responsible for the physical infrastructure and the associated by-laws, rules, and standards that support these systems. It also has a duty to promote the efficiency, safety, and soundness of Canada's payment systems while taking into account the interests of end users. In 2021, Payments Canada's systems cleared and settled over $135 trillion — more than $539 billion every business day. Transactions that pass through these systems include debit card payments, pre-authorized debits, direct deposits, bill payments, wire payments and cheques initiated and received by Canadians and Canadian businesses. Payments Canada is working closely with the payment ecosystem to modernize Canada's payment systems to ensure Canada and Canadian businesses remain globally competitive.
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