00000nam 2200000zi 4500 9.888235 CaOODSP 20221107171930 m o d f cr cn||||||||| 200615t20202020onca ob f000 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-5/2020-24E-PDF Kosse, Anneke, author. An economic perspective on payments migration / by Anneke Kosse, Zhentong Lu and Gabriel Xerri. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 1 online resource (iii, 55 pages) : illustrations (some colour). text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-24 "Last updated: June 5, 2020." Includes bibliographical references (pages 53-55). "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. Electronic funds transfers Canada. Transferts électroniques de fonds Canada. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2020-24. (CaOODSP)9.806221 PDF 759 KB https://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-24-eng.pdf