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… they have to come to expect is through a real time payment system. I'm Cyrielle Chiron, Chief Strategy Officer at … or the RTR as we often say, Canada's new 24/7/365 payment system that will facilitate the delivery of payments in real … question before, but why does Canada need a new payment system that supports real time payments? Janet LaLonde: …
… to the Canadian Payments Act ! Payments Canada and the ecosystem have been very public about the need for this change … We need to expand membership to accommodate the changing ecosystem. Only Payments Canada members, as per the legislation can participate on our systems. And there was interest in participation from three …
… following the legal framework of the national payment systems as set out in the Canadian Payments Act . Payments … Access The participation requirements for each payment system vary depending on an organizations’ participation … and is authorized to access and participate on the payment systems directly. Payments Canada membership does not …