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… of Finance established a task force to analyze Canada’s payments system and make recommendations on the future of payments in Canada. They were asked to: Review the safety, soundness and efficiency of the payments system; Determine whether there was sufficient …
… By collaborating with the payment ecosystem, our rules not only lay the groundwork for the safety and soundness of Canada’s payment systems, they also support and enable the … Vancouver, British Columbia, introduced an alternative payment option to their riders: the ability to tap their …
… Canada’s payments Modernization program is moving along quite nicely … , enhancements to Automated Funds Transfer (AFT) – or batch payments - will be first out of the gate. We are looking … This tells me that AFT – what I call the workhorse of the payments system - is due for a day in the sun. Our …
… Payments Canada launched Lynx, Canada’s new high-value payment system in summer 2021. The organization is gearing … introduce ISO 20022 with the implementation of the Lynx MX payment messages. This implementation will assist Canadian …
… Payments Canada spoke with Brenda Gibson, Vice President, … Mutual Insurance Company about the opportunities modernized payments can bring to insurance organizations and their customers. What are some of the payments challenges the insurance industry faces? One of the …
… Regulatory environment The Payment Clearing and Settlement Act assigns the Bank of … systems for the purpose of controlling systemic risk and payment system risk. Lynx has been designated as systemically important under this Act and, as a result, Payments Canada is subject to oversight from the governor of …
… Canadian Payments Association operates under the brand name of Payments Canada. For legal purposes we continue to use Canadian Payments Association (or the Association) in all information …
… Ten Canadian startups to compete for cash prizes at the Payments Canada SUMMIT in Toronto May 17, 2017, Ottawa: The Payments Canada SUMMIT will again play host to a competition … RegTech startups. The FinTech Cup, a collaboration between Payments Canada , 500 Startups , The Digital Finance …
… Payments Canada has published updated ISO 20022 message specifications for Lynx, Canada’s new high-value payment system. The updated specifications will allow Lynx … and improved transparency. Vendors who support Canada’s payments ecosystem can use the published messages to update …
… DLT TORONTO, May 25, 2017 – The Bank of Canada, along with Payments Canada, R3 and seven commercial banks, today … II of Project Jasper, an experimental wholesale interbank payment system, using digital ledger technology (DLT) – the … despite progress made, underpinning an entire wholesale payments system with DLT still faces many hurdles. While the …