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PAYMENTS MATTER NOW Connect with Payments Canada and attend our stakeholder workshops to stay involved and share your perspectives. Write to [email protected] for more information. Pay more attention to the way you make and receive payments – examine the inefficiencies in your existing processes. Become more informed about the coming changes to national payment systems. Talk to Payments Canada about the new real-time payments system and more data with the ISO 20022 payment message standard. Speak to your accounts payable and receivable team members – what challenges are they facing? Retailers offer better, faster customer service Customers receive rebates and refunds at point-of-sale and expedited same-day payments Faster funds & ISO 20022 message standard will allow interoperability across global operations Supports fully automated invoicing and straight-through processes More data with electronic payments How modern payments systems will help. How can you take advantage of these changes? The modernization of Canada’s payment systems brings faster, safer and more data-rich solutions. These options will help lower operational costs and boost bottom line returns for large retailers and corporations across Canada. Processing payments costs Canadian businesses $3 to $6.5 billion per year. Why? Poor visibility into supply chain and collections Labour-intensive matching of payments to invoices Difficulty tracking cross-border payments Continued reliance on manual processes and legacy technology & Source: Payments Canada's 2018 Pulse Survey: Small Business Edition BUSINESS EDITION What does the future of payments look like to you? Online transfers are growing faster than any other payment method at 50%, with more and more businesses choosing this option Plus, today’s customers want a modern and convenient payment experience: 50% of Canadians are willing to move away from cash and 66% would drop the cheque if they had better options More transactions shifted to online and in-app channels More than 80% of Canadians want convenience in payment options 83% of Canadians who are using e-wallets find them convenient Increased collaboration between banks and new-entrant fintechs are spurring more social media payments

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PAYMENTS MATTER NOW

Connect with Payments Canada and attend our stakeholder workshops to stay involved and share your perspectives. Write to [email protected] for more information.

Pay more attention to the way you make and receive payments – examine the inefficiencies in your existing processes.

Become more informed about the coming changes to national payment systems.

Talk to Payments Canada about the new real-time payments system and more data with the ISO 20022 payment message standard.

Speak to your accounts payable and receivable team members – what challenges are they facing?

Retailers offer better, faster customer service

Customers receive rebates and refunds at point-of-sale and

expedited same-day payments

Faster funds

&ISO 20022 message standard will allow

interoperability across global operations

Supports fully automated invoicing and straight-through processes

More data with electronic payments

How modern payments systems will help.

How can you take advantage of these changes?

The modernization of Canada’s payment systems brings faster, safer and more data-rich solutions. These options will help lower operational costs and boost bottom line returns for large retailers and corporations across Canada.

Processing payments costs Canadian

businesses $3 to $6.5 billion per year.

Why?Poor visibility into supply chain and collections

Labour-intensive matching of payments to invoices

Difficulty tracking cross-border payments

Continued reliance on manual processesand legacy technology

Source: Payments Canada's 2018 Pulse Survey: Small Business Edition

BUSINESS EDITION

What does the future of payments look like to you?

Online transfers are growing faster than

any other payment method at 50%, with more and

more businesses choosing this option