Published: March 31, 2021
Payments Canada announced today the appointment of Cyrielle Chiron to Chief Strategy Officer (CSO). In this position, Ms Chiron is responsible for the organization’s corporate strategy and research functions under the executive leadership of Andrew McFarlane, Executive Director of Modernization.
“Cyrielle’s wealth of payments knowledge, research experience, and strategic thought-leadership will continue to add tremendous value to the organization and the payments ecosystem as a whole,” said Tracey Black, President and Chief Executive Officer of Payments Canada. “Expanding her role to couple the strategic objectives of the organization with the research function will be instrumental to Payments Canada’s navigation of the ever-changing payments landscape and ensuring Canada remains globally competitive, today and in the future.”
Ms Chiron joined Payments Canada in 2019 as Head, Research and Strategic Foresight, bringing a strong background of payments, retail and commercial financial services knowledge and research experience. In that role, Ms Chiron led Payments Canada’s research team and informed the strategic direction of the organization by monitoring payments trends and activities in Canada and abroad. Ms Chiron is also a member of Payments Canada’s Operations Leadership Team (OLT).
About Payments Canada
Payments Canada is a public purpose organization that owns and operates Canada’s payments systems, the Large Value Transfer System (LVTS) and the Automated Clearing and Settlement System (ACSS). Payments Canada is responsible for the physical infrastructure and the associated bylaws, rules, and standards that support these systems. It also has a duty to promote the efficiency, safety, and soundness of Canada’s payments systems while taking into account the interests of end users. In 2020, Payments Canada’s systems cleared and settled over $107 trillion - more than $420 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 payments ecosystem to modernize Canada’s payments systems to ensure Canada and Canadian businesses remain globally competitive. Payments Canada will launch a new high-value payment system, Lynx, in 2021 and a real-time payment system, the Real-Time Rail (RTR), in 2022.
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