Latest Payments Canada News: Finextra Research

Payments Canada makes 'substantial progress' on Real-Time Rail

Payments Canada says it has made “substantial progress” on its Real-Time Rail (RTR) payments system since bringing in new technology partners.

03 February 2025

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Canada's real-time payment system won't launch before 2026

The launch of Canada's oft-delayed Real-Time Rail (RTR) payments system will now not happen until at least 2026, with new tech partners IBM and CGI brought in to the process.

17 April 2024

/payments

Payments Canada further delays real-time payment launch

Payments Canada is to conduct a second review of its proposed Real-Time Rail (RTR) payments system, pushing the delivery deadline for the troubled project further into the future.

14 June 2023

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Payments Canada Summit: open access and open banking

Payments Canada is pushing hard for the government to open up access to the country's payment systems to local credit unions and payment service providers this year, CEO Tracey Black told the organisation’s summit in Toronto on Wednesday.

04 May 2023

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Payments Canada, AusPayNet and EBA Clearing complete ISO 20022 cutover

In line with a March 2020 deadline, EBA Clearing, AusPayNet and Payments Canada have converted their large value payments systems to accommodate the new data rich messaging format ISO 20022.

21 March 2023

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Canadian government urged to open up access to payment systems

A host of financial organisations have sent a joint letter calling on Canada's minister of finance to open up access to the country's payment systems to local credit unions and payment service providers.

19 December 2022

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Canada latest to delay ISO 20022 migration

Canada's high-value payment system's move to ISO 20022 will be delayed until March in order to keep in step with the recently postponed migration to the message standard by Swift and the Eurosystem.

03 November 2022

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Canada's real-time payments system's launch delayed

The launch of Canada's Real-Time Rail (RTR) payments system has been pushed back from the middle of next year to an as yet undetermined date.

14 October 2022

/payments

TCS named integration lead for new Canadian real-time payments system

Payments Canada has picked Tata Consultancy Services (TCS) as the integration lead for the country's new real-time payment system.

05 April 2022

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Canada's high-value payment system launches

Payments Canada has launched Lynx, the country's new high-value payment system, which has been built with technology partners IBM and SIA.

01 September 2021

/payments

EBAday 2021: Payments transformation and the road to success

Finextra Research and the Euro Banking Association today welcomed the global banking community to EBAday 2021. Running from 28-30 June, the virtual conference is being led by some of the most influential leaders and practitioners in the financial services sector, and dives into the current and future trends of the European and international payments landscape – as well as the latest developments across digital banking, liquidity management, open banking, real-time payments, and more.

28 June 2021

/payments

Interac wins Canadian real-time payments deal

Payments Canada has picked local debit network Interac as the exchange solution provider for the country's new real-time payments system.

02 March 2021

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