CHEQUE OUT.

WHAT DOES A FUTURE BEYOND CHEQUES LOOK LIKE?
Payment systems in Canada and around the world are upgrading. Soon, all information found on cheques—and more—will travel along with faster electronic payments of all types and sizes.

Annual Cost Savings

The cost savings of adopting ISO 20022 could be upwards of $1 billion annually simply from a reduction in the use of cheques.

How can businesses take advantage of these changes and start preparing?

Develop your business case

Read our case studies on payments modernization and ISO 20022. Learn the benefits companies are already experiencing. Contact modernization@payments.ca to share your organization’s payments journey.

Global insurance company rethought their payments to enhance client experience

Global professional services provider accelerates payments capability for ISO 20022

Global payments provider shares ISO 20022 advances

Start the conversation

Read how Hydro-Québec started the ISO 20022 conversation within their organization.

Share your story

We are looking for organizations to profile their payments story via our Mod Blog, a modern payments thought leadership series. Contact modernization@payments.ca to get involved.

“Modernization will help reduce the upwards of $6.5 billion
that businesses are spending on payments each year.”

Data-rich payments will bring highly efficient
options to Canadian businesses:

Smoother
cross-border exchanges

Innovation
in products and services

Less reliance on manual processes and older technologies including cheques

Faster adaptability to
changing technology

Opportunities
for automation

Insights to customized
customer experience

“Modernized payments system could save the
Canadian economy up to $7.7 billion annually.”