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An Economic Perspective on Payments Migration

Anneke Kosse, Zhentong Lu and Gabriel Xerri

Staff Working Papers from Bank of Canada

Abstract: Consumers, businesses and banks make millions of payments each day using a variety of instruments, such as debit cards, cheques and wires. Canada is currently developing three new systems to process these transactions: Lynx, Settlement Optimization Engine (SOE) and Real-Time Rail (RTR).

Keywords: Financial services; Financial system regulation and policies; Payment clearing and settlement systems (search for similar items in EconPapers)
JEL-codes: E4 E42 G2 G21 (search for similar items in EconPapers)
Pages: 58 pages
Date: 2020-06
New Economics Papers: this item is included in nep-ban, nep-isf, nep-mac and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocawp:20-24

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Handle: RePEc:bca:bocawp:20-24