Payments Canada names Andrew McCormack VP, payments and technology

Source: Payments Canada

Payments Canada today announced the appointment of Andrew McCormack to Vice President, Payments & Technology, joining Chief Risk Officer, Peter Dodicas newcomers to the organization’s executive leadership team.

Mr. McCormack joined Payments Canada in 2015 to lead experimental blockchain research, Project Jasper, as Director, Emergent Technologies. He went on to oversee the upgrade of Payments Canada’s core IT operations and the migration of the organization’s payment systems to a new and improved data and network infrastructure.

“Andrew has made a significant contribution to blockchain research in this country, all the while driving higher performance and resiliency in our existing payments systems,” said Gerry Gaetz, President & CEO of Payments Canada. “His unique aptitude for emergent technologies, combined with his commitment to safety, resiliency and reliability will be a key asset as we move into the execution phase of our payments Modernization program.”

Payments Canada is leading a multi-year industry program to modernize the infrastructure, rules and standards that underpin payments in Canada. These improvements will strengthen our resilience, align with international standards and create a platform for innovation, enabling new and exciting ways for Canadians to pay for goods and services, transfer funds and exchange data about their payments. Supporting innovation at the customer level will be a faster, more flexible and secure payments infrastructure that puts Canada at the leading edge of payments. 

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