[News](https://www.payments.ca/insights/news-research?field_article_type=24) # Payments Canada’s 2022 annual report now available May 1, 2023 Payments Canada is pleased to publish its annual report, [Facilitating data-rich payments](/sites/default/files/paymentscanada_2022annualreport_en.pdf). In 2022, Payments Canada continued to demonstrate operational excellence by keeping Canada’s payment systems safe, secure and reliable. Payments Canada’s systems cleared and settled over $119 trillion — more than $476 billion every business day. We created ISO 20022 messages for both [Lynx](https://www.payments.ca/updated-lynx-iso-20022-message-specifications-now-available-release-two) and the [Real-Time Rail (RTR)](https://www.payments.ca/iso-20022-messages-real-time-rail-now-available) to support data-rich payments that are domestically and globally interoperable. We championed broader access, competition and innovation within our ecosystem by onboarding new members and [advocating for regulatory changes](https://www.payments.ca/joint-letter-minister-finance-changes-canadian-payments-act) to the *Canadian Payments Act* alongside ecosystem members and stakeholders. We prepared for the [launch of Lynx Release Two](https://www.payments.ca/technology-successfully-deployed-lynx-release-two), a crucial component in delivering end-to-end support for ISO 20022 messages and enabling data-rich high-value payments. Through extensive consultation with our program partners, we determined the need for revised launch timing for the RTR and work remained ongoing for the delivery of this important system. Through our research on topics such as [pay statements](https://www.payments.ca/alarming-gap-working-canadians-understanding-around-paycheque-details-reveals-new-payments-canada) and [emerging payment methods](/node/1468), we continued to identify areas to better educate Canadians on payments. We reinforced our commitment to advance equity, diversity and inclusion in our workplace with the implementation of the first year of our Diversity, Equity and Inclusion (DEI) Strategy and continue to successfully connect and collaborate in our new hybrid work environment. We enhanced our website, payments.ca, and welcomed over 1,800 virtual delegates for our annual conference, [The SUMMIT](https://www.payments.ca/connect/annual-conference). Download Facilitating data-rich payments, the complete [2022 annual report](/sites/default/files/paymentscanada_2022annualreport_en.pdf). [Return to newsroom](https://www.payments.ca/insights/news-research) ## Keep reading [ ![placeholder.png](/sites/default/files/styles/article/public/placeholder.png?h=5dafd208&itok=qKDbzxAp) News October 1, 2026 ### Payments Canada welcomes six new members as expanded membership... Twenty-two new members have joined since 2025 regulatory changes — a necessary step for those seeking access to critical national payment infrastructure, including the forthcoming Real-Time Rail... ](https://www.payments.ca/payments-canada-welcomes-six-new-members-expanded-membership-eligibility-reaches-one-year-milestone)[Learn more](https://www.payments.ca/payments-canada-welcomes-six-new-members-expanded-membership-eligibility-reaches-one-year-milestone) [ ![placeholder.png](/sites/default/files/styles/article/public/placeholder.png?h=5dafd208&itok=qKDbzxAp) News September 25, 2026 ### Payments Canada names Stephan Orzechowski as Vice President... Payments Canada is pleased to announce the appointment of Stephan Orzechowski as Vice President, Strategic Partnerships and Business Transformation. Stephan will lead strategic vendor partnerships... ](https://www.payments.ca/payments-canada-names-stephan-orzechowski-vice-president-strategic-partnerships-and-business)[Learn more](https://www.payments.ca/payments-canada-names-stephan-orzechowski-vice-president-strategic-partnerships-and-business) [ ![placeholder.png](/sites/default/files/styles/article/public/placeholder.png?h=5dafd208&itok=qKDbzxAp) News July 27, 2026 ### ACSS rule changes enhance payment system processes Updates provide expanded definitions and process efficiency Payments Canada has implemented a series of administrative and operational amendments to the Automated Clearing Settlement System (ACSS)... ](https://www.payments.ca/acss-rule-changes-enhance-payment-system-processes)[Learn more](https://www.payments.ca/acss-rule-changes-enhance-payment-system-processes)