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… at the Bank of Canada, or by each indirect clearer with its clearing agent(s), for the purpose of settlement. … …
… retail batch payment system is made up of the Automated Clearing Settlement System (ACSS) and United States Bulk … directly or indirectly to these systems securely via the Canadian Payments Association Services Network (CSN). ACSS … clears paper-based and electronic payments. * Canadian dollar only. Paper-based Cheques Paper remittances* …
… entitles, exchanges payment items and either effects clearing and settlement or makes entries into the ACSS. … …
… funds in seconds, making processes and services for Canadians and Canadian businesses smarter, faster and more efficient … … citizens faster financially while creating a foundation for Canadians businesses to operate more efficiently …