The Payments Canada Board of Directors announced that Tracey Black, who joined Payments Canada in 2018, made the decision not to renew her term as President and CEO of Payments Canada. Over the last five years, Black has led “a series of major payment modernization… Read More
Read more in: Canada, Fintech | Tagged board of directors, canada, new appointments, payments, payments canada, tracey black
At Payments Canada they aim to dedicate resources to the delivery, operation and governance of payment systems that are innovative, secure and globally connected. As the fourth quarter of 2023 is quickly coming to a close, Tracey Black, the President and CEO at Payments Canada,… Read More
Read more in: Fintech, Canada | Tagged canada, digital payments, end of year update, online transactions, Payment Systems, payments canada, virtual payments
Cross-border payments are financial transactions where the accounts of the payor and payee are based in different countries, the Payments Canada team explains. Cross-border payments are typically “more complex than domestic payments as they involve different national legal and regulatory frameworks, more than one currency,… Read More
Read more in: Canada, Fintech, Global | Tagged canada, cross-border payments, Cross-Border Transactions, digital transactins, financial transactions, fintech adoption, fintech trends, international payments, payments, payments canada, update
Payments Canada released its annual Canadian Payment Methods and Trends 2023 report, which analyzes 20.5 billion payment transactions “made in 2022 totaling $11.7 trillion (more than $475 billion every business day) and highlights the trends shaping the Canadian payment landscape.” Year-over-year trends: Credit and debit… Read More
Read more in: Canada, Fintech | Tagged canada, digital transactions, financial services, Market Report, payment methods, payments, payments canada, progress report, Research Report, update
Payments Canada has announced the selection of Tata Consultancy Services (TCS) (BSE: 532540) (NSE: TCS), a global IT services, consulting and business solutions organization, “as the integration lead for Canada’s real-time payment system, the Real-Time Rail (RTR).” TCS will help plan and orchestrate activities “with… Read More
Read more in: Canada, Fintech | Tagged canada, digital transactions, interac, payments, payments canada, real-time payments, tcs
Even though there has been considerable economic uncertainty due to the COVID-19 outbreak, recent data from Payments Canada reveals that the nation’s residents feel that the worst might be behind them and are fairly optimistic regarding their financial wellbeing. Although 56% stated that they spend… Read More
Read more in: Canada, Fintech | Tagged canada, coronavirus, covid-19, digital payments, digital transactions, financial services, financial wellbeing, payments, payments canada, reserach, survey, virtual payments
Canada’s Clik2pay, a near-real-time bill payments service, was recently introduced during the Payments Canada SUMMIT, together on stage with the nation’s leading businesses. Leveraging the Interac e-Transfer service and provided via the Peoples Trust Company, which is part of the People’s Group, the new Clik2pay… Read More
Read more in: Fintech, Canada | Tagged canada, charitable organizations, clik2pay, digital transactions, instant payments, interac e-transfer, payments, payments canada, peoples trust company, qr codes, real-time payments, real-time transactions
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