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040 |aCaOODSP|beng|erda|cCaOODSP
043 |an-cn---
0861 |aFB3-5/2020-24E-PDF
1001 |aKosse, Anneke, |eauthor.
24513|aAn economic perspective on payments migration / |cby Anneke Kosse, Zhentong Lu and Gabriel Xerri.
264 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2020.
264 4|c©2020
300 |a1 online resource (iii, 55 pages) : |billustrations (some colour).
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2020-24
500 |a"Last updated: June 5, 2020."
504 |aIncludes bibliographical references (pages 53-55).
5203 |a"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.
650 0|aElectronic funds transfers|zCanada.
650 6|aTransferts électroniques de fonds|zCanada.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|v2020-24.|w(CaOODSP)9.806221
85640|qPDF|s759 KB|uhttps://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-24-eng.pdf