Published: November 18, 2020 With the introduction of Canada’s new real-time payments system in 2022, the Real-Time Rail, Canadian retailers of all sizes and their customers stand to benefit from faster, data-rich payments. We spoke with Wayne Pommen, CEO of... Read more PayBright speaks to how faster, data-rich payments will change the buy now, pay later retail experience

Published: October 27, 2020 Small businesses are the backbone of the Canadian economy accounting for 98 per cent of all businesses. As such, we sought insight on how smaller businesses are being served by the payments ecosystem, and how they’ll... Read more Prospera Credit Union on how small business members will benefit from payments Modernization

Published: October 23, 2020 Payments Canada recently connected with Dan Kelly, President and Chief Executive Officer of Canadian Federation of Independent Business (CFIB), to learn about the impact of COVID-19 on Canadian small businesses, the rapid acceleration of digital payments,... Read more Small business in Canada: the benefits of combining faster payments with payments data

Published: September 24, 2020 As Canada gears up for a future that includes a new real-time payments system, the Real-Time Rail (RTR), let’s look at the launch of real-time payments in the United States and Australia and take stock of... Read more Global real-time payments inspiration

Published: August 26, 2020 As the central credit union for British Columbia and Ontario, and manager of the Group Clearer (comprised of Central 1 Credit Union, Credit Union Central of Alberta, SaskCentral and Credit Union Central Manitoba), Central 1 settles... Read more Central 1 gets ready for the launch of Lynx, Canada’s new high-value payments system

Published: June 17, 2020 Canada and New Zealand share more than a few commonalities, including the sovereign whose face is featured on our respective twenty dollar bills, and the fact that we both print our bank notes in Canada. We’re... Read more In discussion with New Zealand’s central bank: payments Modernization in New Zealand

Published: May 21, 2020 During these unprecedented times, the value of connection and collaboration remains absolutely critical as we continue to work closely with our members and stakeholders to meet the payment needs of Canadians, and support empowering a new... Read more The importance of collaboration and innovation in a digital era

Published: February 12, 202 Payments Canada asked ACI Worldwide’s Glenn Wolff, Head of Sales North America, and Craig Ramsey, Head of Real-Time Payments, about Canada’s approach to real-time payments and the opportunities it will bring.  What’s unique about Canada’s approach... Read more ACI Worldwide on reaping the benefits of payments Modernization to better serve corporate customers

Published: October 8, 2019 Payments Canada caught up with Dougal Middleton, Vice President Payments Modernization Business Lead, Enterprise Payments at Scotiabank to talk about the work he and his team are doing in support of Canada’s payments Modernization journey. What... Read more Scotiabank’s Dougal Middleton on bringing payments Modernization to light in Canada

Published: March 29, 2019 A conversation with Mike Sigal, Partner at 500 Startups Fintech Fund and Co-Founder of Upside Partners, about his latest venture, 20022 Labs ISO 20022 - the global messaging standard that allows rich data to travel with... Read more Turning words into action on the journey to data rich payments with ISO 20022

Published: February 7, 2019   High-frequency payors, like insurance companies, stand to benefit the most from payments modernization. Payments Canada asked Brent Mizzen, Assistant Vice President, Underwriting and Policy for Canadian Life and Health Insurance Association (CLHIA) to share his thoughts on how... Read more Why insurers should be preparing for payments Modernization: A perspective from the Canadian Life and Health Insurance Association

Published: January 28, 2019   Hydro-Québec is market leading when it comes to payments modernization. Payments Canada caught up with Michel Lechasseur, Cash and Financial Services Manager to talk about preparing to take advantage of modern payments, and how they... Read more Hydro-Québec powers forth on its payments modernization journey

Published: November 27, 2018   Payments Canada recently sat down with Letitia Mentz, Industry Capability Development and Communications Manager for The Payments Association of South Africa (PASA), to get her perspectives on payments modernization initiatives both in her country and in Canada.... Read more In perspective: modern payments in South Africa

Published: October 29, 2018   Payments Canada spoke with Brenda Gibson, Vice President, Financial Planning and Analysis at Wawanesa Mutual Insurance Company about the opportunities modernized payments can bring to insurance organizations and their customers. What are some of the... Read more The drive for data in the insurance industry: Wawanesa Mutual Insurance awaiting benefits that ISO 20022 will bring

Published: September 24, 2018   Payments Canada asked Victoria Cleland the Bank of England’s Executive Director for Banking, Payments and Financial Resilience to talk about the impact that a new generation Real‐Time Gross Settlement (RTGS) system will have on  transforming... Read more The Bank of England on renewing RTGS and the impact of ISO 20022

Published: August 22, 2018     Moncton, New Brunswick is rising through the ranks as a hotbed for Canada’s financial sector. To find out what’s fueling this growth and how payments Modernization will help, we spoke with Richard Dunn, Economic... Read more Moncton and Modernization go hand-in-hand

Published: August 22, 2018   Payments Canada asked Colin Hansen, President & CEO, AdvantageBC to talk about the role his organization played in building a case for extended settlement hours in Canada. He also discussed how Western-based businesses stand to benefit and... Read more Collaborating with AdvantageBC to raise awareness about the business benefits of modernizing Canada’s payment interactions

Cathy Vigrass, Head of Canada at Square, recently sat down with Payments Canada to talk more about the appetite amongst small businesses to modernize payments and how Square is meeting this desire and helping Canadian sellers start, run and grow their... Read more Modern payments for smaller businesses is simply good business, according to Square

Published: June 21, 2018  Chinese visitors to Canada contribute more than $1 billion USD to the Canadian economy, supporting an estimated 7,400 jobs, according to Statistics Canada. It's predicted that by end of 2018, Canada will host a record number... Read more Chinese consumers represent biggest growth opportunity for Canadian businesses, says Alipay

It’s no secret that there’s a lot of excitement around AI, regtech and blockchain. These transformative technologies are already being used to tackle some the financial industry’s biggest problems like fraud prevention and regulatory compliance. IBM’s Vivek Bajaj, Global Vice... Read more IBM’s Vivek Bajaj on how new technologies and collaboration are transforming financial services

Payments Canada recently sat down with André Lyver, Director of Engineering at Shopify, to discuss his perspective on the benefits and challenges associated with adopting new payments technology, the importance of collaboration and the anticipated impact that Real-Time Rail will... Read more Shopify weighs-in on payments Modernization

The mass adoption of real-time payment systems around the world is creating a new norm for the way we pay and get paid. Today, consumers, businesses and public institutions expect faster settlement periods, better reporting and more options at their... Read more Fast, simple and smarter payments – Australia steps into the real-time space with the launch of the New Payments Platform

It’s no secret that the world is ready for real-time payments. In the age of one-click purchases - mobile commerce is the fastest growing segment of e-commerce in North America - the need to build fast, flexible and secure payments... Read more Steve Ledford from The Clearing House on launching Real-Time Payments – the U.S’s first payments system developed in the digital age

Like many countries around the world, the United Kingdom is in the midst of modernizing their national payments infrastructure. In the next three to four years, the country expects to replace two of their major payments systems, amongst other changes.... Read more Introducing more benefits for end users and delivering more data – Lloyds Banking Group’s Otto Benz on the U.K.’s approach to modernizing payments

From our geographical size to the lean structure of our banking systems, Canada and Australia share many similarities. We are also both on a payments modernization journey, so Payments Canada was pleased to have the opportunity to speak with the... Read more ANZ’s Jo Spencer on modern payment systems around the world – A banker’s view