Peter Dodic, Chief Risk Officer, Payments Canada The last time we sat down with Peter Dodic, our Chief Risk Officer at Payments Canada, it was to talk about the foundational role mitigating risk plays within our organization. Central to our... Read more Mod Blog: Identifying and mitigating risks to remain resilient

Gerry Gaetz, President and Chief Executive Officer, Payments Canada You can send an email pretty much anywhere in the world within a few seconds, engage in social media across borders but you can’t easily make payments to individuals or businesses... Read more Mod Blog: Charting the future for cross-border payments

Peter Dodic, Chief Risk Officer, Payments Canada In life and business we know that “risk” refers to the uncertainty that surrounds future events and outcomes. Essentially, it’s a measure of the probability of an event and its intended or unintended... Read more Mod Blog: Solving for uncertainty and building more resilient payments systems

Daniel Kornitzer, Chief Business Development Officer, Paysafe Group Increased mobile penetration and a growing level of consumer comfort with making payments through a smartphone or tablet continues to impact consumer spending habits across the globe. In 2018 we surveyed consumers... Read more Mod Blog: The future is bright for mobile payments

Mike Cook, Partner, IBM Global Business Services In 2010, the federal Ministry 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,... Read more Mod Blog: It’s finally time to change the way we pay

Justin Ferrabee - Chief Operating Officer, Payments Canada We live in an increasingly connected world, and that is having a BIG impact on the way we pay. Cross-border payments, international standards and interoperability between systems and markets are emerging as... Read more Mod Blog: A call for a global standard and certification for payment skills

  Payments Canada asked Kelly Latzel, VP Treasury & Operations at Central 1 to talk about the role her organization has played in engaging credit unions on the topic of payments Modernization, where she sees opportunities associated with this fall’s AFT... Read more Mod Blog: Central 1 champions modernized payments

Payments Canada asked Derek Vernon, Vice President and Head, Enterprise Payments Modernization at BMO Financial Group to talk about the work his team has been doing to get the organization ready to support the ambitious roadmap ahead. Read on to learn more about... Read more Mod Blog: BMO’s payments modernization focused on value for customers

By Andrew McCormack, Senior Director, Technology, Payments Canada. It’s hard to ignore the buzz around cryptocurrencies, when on a daily basis we’re captivated by headlines that talk about the booms and busts of this new and unfamiliar marketplace. Economists are... Read more Mod Blog: Preparing Canada’s payments systems for the blockchain revolution, and why you should be paying attention

By Anne Butler, Vice-President, Policy, Research, Legal and General Counsel Around the world, consumer demand for speed and convenience has sparked significant change in retail payments.Traditional financial institutions are innovating and collaborating on new and exciting ways for customers to... Read more Mod Blog: Have your cake and eat it too – fast, easy, and safe retail payments

By Neville Arjani, Principal Research at Payments Canada The research team at Payments Canada has been deeply involved in Modernization since the outset and it has been interesting to study the various initiatives going on around the world and their... Read more Mod Blog: Partnering with an industry research leader to promote risk management and efficiency in Lynx design

By Jan Pilbauer, Executive Director of Modernization & CIO Since Canada set off on our Modernization journey, we have talked a lot about faster payments, a.k.a.  the real-time rail. And, while I’m pretty sure the concept is quite familiar for... Read more Mod Blog: A real-time what? Inspiration from across the pond(s)

By Robert Vokes Canadians are increasingly digital, and soon paying bills, transferring money and other digital transactions will be faster and more convenient. Recently, Payments Canada selected global consulting firm Accenture to support a multi-year initiative to transform Canada’s payments... Read more Mod Blog: Faster, more efficient payments are on the way for Canadians

By Jan Pilbauer, Executive Director, Modernization and CIO and Antoinette Leung, Director, Regulatory Modernization As a financial market infrastructure, managing risk is foundational to what we do. It is also, understandably, a frequent topic of conversation as we discuss modern... Read more Mod Blog: The formalities and informalities of risk

Canada’s payments Modernization program is moving along quite nicely and, as outlined in our Roadmap & High-Level Plan, enhancements to Automated Funds Transfer (AFT) – or batch payments - will be first out of the gate.  We are looking forward to... Read more Mod Blog: Long live the batch – Why modernizing AFT is the right move for Canada