Payments Canada

New research from Payments Canada puts a spotlight on #SmallBusiness payments. Read our latest study to learn more about the business sentiment, payment challenges experienced by and payment innovations of interest to Canadian small and medium-sized enterprises: https://bit.ly/3YEUrf0 #PaymentTrends

Alert: A website is impersonating Payments Canada under the name “Canada Payments Authority”. Payments Canada only has one public website: www.payments.ca. Always verify the URL or when in doubt go directly to payments.ca if you are unsure a website is legitimate. If you receive a link to a website that appears to be from Payments Canada but is using a different name, please forward it to info@payments.ca. Learn more: https://lnkd.in/gGNWBPej

In a recent interview with Prairie Payments Joint Venture, Payments Canada's Josh Lerner discussed the upcoming changes to the Canadian Payments Act and the opportunities for credit unions. Learn more: https://lnkd.in/exkxEssb #PaymentsMatter

On November 19, Payments Canada will be celebrating the 40th anniversary of the Automated Clearing Settlement System (ACSS), which clears the majority of day-to-day payments in Canada. Samantha Whynot, Manager of Retail Payment Systems Operations, reflects on the importance of the system to Canada’s economy, as well as the work her team does to support safe, efficient and reliable retail #payments in Canada: https://lnkd.in/eJcyWJgN #PaymentsMatter

Catching up on the week? Here is this week's top read news from In #Payments Today: Why registering under Canada’s Retail Payments Activities Act has a multitude of benefits https://lnkd.in/eRmr6ViR #PaymentNews Subscribe: https://bit.ly/3dO21zn

With reports of cybercrime in Canada at an all-time high, it has never been more important to stay vigilant to prevent malicious, financially-motivated attacks. At this year’s The Payments Canada SUMMIT, our own Mark Kozicki met with Lawrence Zelvin, Executive Vice President and Head of the Financial Crimes Unit at BMO, to discuss the growing threat of #cybercrime and #fraud in the payment industry and the role each of us plays in keeping payments in Canada safe and secure. Read the interview here: https://lnkd.in/d2UD_diK #CyberMonth2024 #PaymentsMatter

The 2025 Payments Canada SUMMIT call for speakers closes on October 31. Join the conversations shaping the future of our industry. Submit your application to the call for speakers by October 31 and make your voice heard. Details at thesummit.ca. #PaymentsMatter

Nearly half (45 per cent) of Canadian businesses have noticed an increase in fraudulent, cybercrime or suspicious activity directed at them through email over the last 12 months. Businesses also noticed an increase in activity directed at them via their smartphone (42 per cent), social media platforms (39 per cent) and retail merchant sites, including e-commerce sites or apps (34 per cent). Learn more about the business payment fraud experience: https://bit.ly/3A9p2b1 #BDCsbw #SmallBusinessWeek #CyberMonth2024

Did you know: Nearly half (49 per cent) of Canadian businesses are interested in using generative artificial intelligence or #GenAI to make their operations and processes more efficient. The top-three reasons why include: Fraud detection and prevention (44 per cent), automating payment processing (37 per cent) and creating a more personalized customer experiences (29 per cent). Learn more about payment preferences and behaviours of Canadian businesses in the 2024 Canadian Payment Methods and Trends report: https://bit.ly/3XMsUGM #BDCsbw #SmallBusinessWeek