An economic perspective on payments migration / by Anneke Kosse, Zhentong Lu and Gabriel Xerri.: FB3-5/2020-24E-PDF
"Canada is in the midst of developing three new core payment systems: Lynx, Settlement Optimization Engine (SOE) and Real-Time Rail (RTR). Lynx and SOE will replace the current Large Value Transfer System (LVTS) and Automated Clearing Settlement System (ACSS), whereas RTR will be a new capability. This paper examines the expected migration of ACSS and LVTS payments into RTR, SOE and Lynx. To that end we define a methodology for comparing the current and future payment instruments that end-users will be faced with in the new payments landscape. Similarly, we develop a method to assess the current and future payment systems from the perspective of banks. Based on this we estimate that a substantial portion of the current value of ACSS and LVTS payments might find its way to RTR due to changing end-user behaviour. Our analysis also suggests that banks might migrate a considerable amount of LVTS transactions to either SOE or RTR. The findings provide a good starting point for future research on the implications of the new payments infrastructure"--Abstract, page iii.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.888235&sl=0
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | An economic perspective on payments migration / by Anneke Kosse, Zhentong Lu and Gabriel Xerri. |
| Series title | Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-24 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: June 5, 2020." Includes bibliographical references (pages 53-55). |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 |
| Author / Contributor | Kosse, Anneke, author. |
| Description | 1 online resource (iii, 55 pages) : illustrations (some colour). |
| Catalogue number |
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| Subject terms | Electronic funds transfers -- Canada. Transferts électroniques de fonds -- Canada. |
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