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… on July 11, 2023. Recently approved amendments to ACSS and Lynx rules, summarized below, aim to improve various aspects of the payment systems and support their efficient use and operation. The rule … between financial institutions. Recent onboarding of a new direct clearer highlighted the need for clarification …
… the effort to introduce ISO 20022 — an international standard designed to simplify global business communication — … for payments in Canada. ISO 20022 provides consistent, rich and structured data that can be used for electronic funds … of this transformation is ISO 20022’s ability to usher in a new era of data-rich, structured messaging, offering …
… federal changes to the Canadian Payments Act that expanded membership eligibility to include PSPs supervised … and standards that underpin the Canadian economy. For new PSP members, this includes the opportunity to apply to … payment ecosystem to promote innovation, competition and deliver efficiencies that power a modern economy. For media …
… advice to our board of directors on payment, clearing and settlement matters, helping us make informed decisions on ongoing operations, policies and initiatives. The council also offers an opportunity to … government and educational institutions, fintechs and new entrants. The council believes that diversity fosters …
… has submitted a written response to the House of Commons Standing Committee on Finance (FINA) as part of its 2023 … payment infrastructure and related regulatory reform will deliver significant benefits to individuals, small and medium … cost savings that electronic payments provide. There are new technologies and innovative solutions being developed by …
… Author Lisa Sattler Director of Policy and Government Relations With 20 years of experience in … with regulators, financial institutions, stakeholders and international counterparts to ensure Payments Canada’s … third piece is Canada’s forthcoming Real-Time Rail (RTR), a new national real-time payment system that will initiate …
… Moncton, New Brunswick is rising through the ranks as a hotbed for … financial sector. To find out what’s fueling this growth and how payments Modernization will help, we spoke with … with many of Canada’s best known financial institutions and up-and-comers starting to establish a local presence. …
… Payments Canada encourages engagement and participation in industry events to facilitate progress and collaboration. To close out 2018, top industry conferences are expanding into new markets, as Money 20/20 enters China for the first time, …