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… Canada’s magazine for financial professionals, on March 30, 2023. New technology and innovations in the payment space … the way Canadian consumers and businesses make and process payments. According to data from Payments Canada’s annual Canadian Payment Methods and Trends …

… serves as Canada’s electronic wire system for high-value payments. Built on the real-time gross settlement (RTGS) model, Lynx ensures payments are fast, irrevocable and settled with real-time … messaging standard. The second release of Lynx in March 2023 initially introduced the ISO 20022 standard (MX …

… gathered virtually to discuss and debate the future of payments at this year’s Payments Canada SUMMIT . We were especially pleased to have … to take steps to ensure readiness for go-live in June 2023. There is much anticipation for the release of the …

… housing, the environment, reconciliation and employment. Payments Canada supports and applauds the government’s plan … our statutory mandate. Although amendments to the Canadian Payments Act were not included in the budget, we are … new Real-Time Rail system, which is due to go-live in mid-2023.   Payments Canada remains optimistic that the …

… Payments Canada has submitted its response to the Department … are focused on overseeing payment service providers (PSPs). Payments Canada’s submission seeks clarity on the scope of … payment service providers (PSPs), published on February 11, 2023. Payments Canada underpins the Canadian financial …