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… on Payments Canada’s ISO 20022 Resource Centre . These specifications will allow RTR participants to prepare their …

… document how and when they intend to upgrade their message specifications to adhere to the CPMI guidance. Following …

… largely as a substitute for legacy payment methods such as cheques which entail a higher social cost from a processing … of direct credits and pre-authorized debits in displacing cheques in Canada over the past two decades. Payments … rely on more socially-costly methods of payment, including cheque and cash, despite a general willingness to move away …

… Traditional payment methods still prevail, but cash and cheque decline accelerates as businesses and consumers adopt … approximately five per cent each year. While the volume of cheques written continues to decline, the value of those cheques is growing slightly. There were 20 per cent fewer …

… support payments were made through direct deposit or by cheque. For many Canadians, the payments represented a … over paper payments. Direct deposit payments outnumbered cheque payments by a ratio of over 7:1. 5 The Receiver General of Canada issued 10.4 million cheques and 78.4 million direct deposit payments related to …

… speaks to three Key Considerations:  Definition and Specification: An FMI should identify material dependencies … payment system. Indeed Principle 19 leaves the definitions, specifications, and identification of the tiering risks it …

… debits, direct deposits, bill payments, wire payments and cheques. Payments Canada is a proud supporter of the …

… 015 - Companion Document to the ANSI X9.100-187-2008, "Specifications for Electronic Exchange of Check and Image …