Unlocking the benefits of enriched payment data for credit unions and their members – An interview with Payments Canada
In March 2023, Central 1 participated in the second release of Lynx, Canada's new high-value payment system, which included the implementation of the ISO 20022 financial messaging standard. Acting as a universal "common language" for payments, ISO 20022 enables the flow of richer data with each payment. The opportunities to leverage this data are important for credit unions and their...