- Tracey Black, President and CEO of Payments Canada, will step down from her role on March 31, 2024, as she chose not to renew her contract after a four-year tenure.
- Black is credited with leading major payment modernization initiatives during her tenure, including implementing Lynx, replacing the Large Value Transfer System (LVTS), and installing the new Real-Time Rail (RTR) payment system in Canada.
- The departure triggers a search for a successor, with the Payments Canada board of directors initiating a comprehensive search process.
- Kristina Logue and Jude Pinto will be appointed interim co-CEOs effective April 1, 2024, until a permanent replacement is found.
- Logue will oversee day-to-day functions, corporate strategy, procurement, and human resources, while Pinto will focus on innovating Canada’s payment ecosystem with a focus on safety, resilience, and inclusiveness.
- Payments Canada processes over $450 billion in transactions every business day through methods such as cheques, bill and debit card payments, and direct deposits.
