Payments Canada names interim co-CEOs as current head to step down

OTTAWA –

Payments Canada says it has named two interim co-CEOs after chief government Tracey Black determined to not renew her time period.

The group that runs Canada’s funds system says Black, who joined in 2018, will full her time period on the finish of March.

Payments Canada says that till a everlasting successor is known as, the board of administrators has appointed Kristina Logue, chief monetary officer, and Jude Pinto, chief supply officer, as interim co-CEOs as of April 1.

During Black’s time period, Payments Canada rolled out a brand new high-value funds system referred to as Lynx.

The group has additionally been working to deliver a modernized, quicker funds system, however its rollout has seen a number of delays.

The real-time rail cost system was initially slated to be in place in 2019, however there is no such thing as a present supply date after Payments Canada introduced an indefinite delay in mid-2023.