Payment Source Inc.: federal grants and contributions

Updated 12 October 2026 · Ottawa|Ottawa, ON · grants and contributions register · Humber River–Black Creek

Payment Source Inc.: federal grants and contributions: 20 agreements; $2.8M value; 2 departments; 6 programs.

Assay record ASY-CA-0AVTYS002L · Cite as: Assay Systems, “Payment Source Inc.: federal grants and contributions”, https://assay-systems.com/register/ca/grants/r/payment-source-inc/

$
20agreements
$2.8Mvalue
2departments
6programs

Largest agreements

Design and Develop Platform extensions for Financial Services (Phase 1)$990Kvalue2020start2021end

Research and development of a financial services platform that delivers "Last Mile Solutions" to Governments, Financial Institutions and new Fintech Entrants.

PSI 2020$497Kvalue2019start2020end

The overall objective of the project is to increase the technical capacity of Payment Source in readiness for large growth expected to occur in 2020. This includes moving from more traditional hosted environment to a cloud infrastructure, updating our transactional system to support the replacement of Canada Post’s POS retail system, and a supporting mobile CRA application.

BI - Process Engineering - eCommerce and Platform channels$300Kvalue2021start2022end

Research activities to characterize and improve internal business processes related to marketing conversion rates

Phase 1 B - Platform extensions for Financial Services$220Kvalue2021start2022end

Project to remediate against issues first uncovered in the platform extension project.

Merchant Onboarding Automation Support$168Kvalue2023start2023end

Research activities and technology investment to inform and characterize new business capabilities that will enable a fully automated merchant onboarding experience.

Agreement$167Kvalue2016start–end
Research on Embedded Biller Platform for Fintechs$104Kvalue2025start2026end

R&D to allow other Fintechs to embed our bill payment service into their larger application, while maintaining our regulatory compliance.

Project Fusion$50.0Kvalue2024start2025end

An R&D Project to evolve PaySimply bill payment solution to enable multiple methods of payment to merchants, with low integration overhead.

Show all 20
AI Innovation challenge$48.8Kvalue2023start2024end

Our development and engineering team, with support from the business, will be investigating the application of Artificial Intelligence in our systems and processes and build out one or more a proof of concepts that can be used to implement innovations in the company's operational processes.

Agreement$31.7Kvalue2016start–end
Youth hiring for Marketing$30.0Kvalue2021start2022end

Hiring of a new grad to support marketing activities of our merchant services and digital presence.

Youth hiring - IT and Machine Learning$30.0Kvalue2021start2022end

Hiring of a new grad development resource who specializes in machine learning and AI. This individual will help us to continue to evolve our products and support the development of new payment services.

PS Youth - Data Analyst$30.0Kvalue2022start2023end

Data Analyst who will be working on the implementation of a new Business Intelligence platform used to make key business decisions.

Youth - PSI: 2023 Spring$29.5Kvalue2023start2024end

This project will be to support a Youth who has recently graduated with her Master's Degree.

Payment Source Inc.-2022-2023-993206$25.0Kvalue2022start2023end

The purpose of this CanExport SMEs agreement is to support small- and medium-sized enterprises (SMEs) for activities related to export market development that are part of an export business case for a specific target market, particularly where activities are targeting departmental priority markets and sectors.

YEP - 2024 - Mobile Application Developer$25.0Kvalue2024start2024end

A recent graduate will assist to evolve and maintain our mobile applications, and contribute expertise in AI technologies.

Payment Source Inc.-2023-2024-1012632$22.0Kvalue2023start2024end

The purpose of this CanExport SMEs agreement is to support small- and medium-sized enterprises (SMEs) for activities related to export market development that are part of an export business case for a specific target market, particularly where activities are targeting departmental priority markets and sectors.

Youth Employment Opportunity Development of an Event-Based Strategy to Support paysimply.ca In New Verticals$20.0Kvalue2019start2020end

The project is to develop and execute a strategy for attending and sponsoring industry-based events in support of our alternative payment solution: paysimply.ca. The project will focus on two verticals: municipalities and education.

IP Assist: Intellectual Property Strategy Engagement$19.0Kvalue2023start2023end

The Project will support development of intellectual property capacity within the Firm.

Payment Source Inc.$1.5Kvalue2018start2018end

N/A

Departments

National Research Council Canada19agreements$2.8Mvalue5programs
  • Industrial Research Assistance Program – Contributions to Firms
  • Industrial Research Assistance Program – Youth Employment Program
  • Industrial Research Assistance Program
  • CanExport SMEs
  • CanExport SME

All grants from National Research Council Canada

Employment and Social Development Canada1agreements$1.5Kvalue1programs

Years

20251agreements$104Kvalue1programs
  • Industrial Research Assistance Program
20242agreements$75.0Kvalue2programs
  • Industrial Research Assistance Program – Contributions to Firms
  • Industrial Research Assistance Program – Youth Employment Program
20235agreements$287Kvalue3programs
  • Industrial Research Assistance Program – Contributions to Firms
  • Industrial Research Assistance Program – Youth Employment Program
  • CanExport SME
20222agreements$55.0Kvalue2programs
  • Industrial Research Assistance Program – Youth Employment Program
  • CanExport SMEs
20214agreements$580Kvalue2programs
  • Industrial Research Assistance Program – Contributions to Firms
  • Industrial Research Assistance Program – Youth Employment Program
20201agreements$990Kvalue1programs
  • Industrial Research Assistance Program – Contributions to Firms
20192agreements$517Kvalue2programs
  • Industrial Research Assistance Program – Contributions to Firms
  • Industrial Research Assistance Program – Youth Employment Program
20181agreements$1.5Kvalue1programs
  • Youth - Canada Summer Jobs
20162agreements$199Kvalue0programs

    Contains information licensed under the Open Government Licence – Canada. Source: Government of Canada proactive disclosure of grants and contributions (open.canada.ca, dataset 432527ab-7aac-45b5-81d6-7597107a7013), 1,327,352 rows as published, collapsed to one agreement per agreement number (per reference number where none is given) at its latest amendment, which carries the full agreement value. Years are the agreement start year. Agreements with individuals are counted but not named.