Canadian Payments Modernization

Canadian Payments Modernization

Canadian Payments Modernization

2022 Payments Canada’s roadmap aims to modernize all Canadian payment systems by 2022

Canadian payments modernization is in full swing. LYNX is the next generation for high value wire payments processing, replacing LVTS; ACSS and potentially USBE will be replaced by SOE in the years to come to transform batch payments; and RTR will introduce a new real-time rail, with all of these changes based on ISO 20022.

It’s not just national payments systems that are changing. Canada has also put itself on the open banking map by developing two API gateways and making a sandbox available. The shift to open banking, and the rise of cloud, are forcing banks to modernize their payments infrastructures or risk falling behind.

Volante stands ready to help. We offer a superior solution for your payment processing needs, whether they be high-value payments, ACH retail payments, or real-time payments. When you add our open banking and ISO 20022 migration capabilities to the mix—all available on-premise or as a managed service in the cloud—Volante is ready help Canadian banks modernize rapidly, without complex ‘rip and replace’ projects.

Fintech Futures ISO 20022 5

Five Success Factors for an Ideal ISO 20022 Migration


See Us At Women in Payments Symposium Canada

Volante is sponsoring the Women in Payments Symposium Canada, which will take place virtually.

Melissa Jefferson-Burns, Director, North America, will take part in a panel discussion entitled “The Future is Now: Insights into the Evolving Payments Landscape” at 10:00am EDT on the 22nd September. 

Solutions for Canadian Payments Modernization

Volante’s VolPay is the world’s most complete ecosystem of business services for payments innovation and transformation. Modernize the right way with VolPay, and Volante as your trusted modernization partner.

Real-time Payments

Volante processed the first-ever U.S. TCH RTP® real-time payment, with BNY Mellon.

We can help you be first with RTR

Read the press release

Open Banking

Volante has helped European banks go beyond PSD2 to become open banking innovators.

Come to us for Canadian open banking

Read the press release

ISO 20022 Modernization

With nearly two decades of experience in message transformation and translation, no-one knows ISO 20022 better than Volante.

Don’t tackle ISO 20022 without us

Learn more

Volante Named Leader by IDC Marketscape

Volante Technologies Named a Leader in the IDC Marketscape: Worldwide Integrated Payment Platforms 2019-2020 Vendor Assessment

Learn why VolPay beat the competition

Read the press release