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.
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.
Volante processed the first-ever U.S. TCH RTP® real-time payment, with BNY Mellon.
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Volante offers interoperable, extensible solutions for a variety of payments needs, all composed of business services from the VolPay ecosystem.
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Modernize your payments infrastructure without replacing legacy payment systems
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