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… to send and receive payments over the national payments clearing and settlement systems more efficiently. … One such risk is the risk of duplicate payment items in the cheque imaging world. Understanding this risk and ensuring … (duplicates) are created when the same payment item – a cheque, for example – is paid more than once. Duplicates …

… the risk of duplicate payment items (duplicates) in the cheque imaging world. We also provided an overview of a … 2004, the U.S. implemented Check 21. Today, nearly 100% of cheques in the U.S. are cleared electronically. Image … or bank machine, saving both time and money. Image-based clearing and RDC offer unsurpassed convenience and …

… the risk of duplicate payment items (duplicates) in the cheque imaging world, and how the CPA opened industry … such as apps that enable deposits by taking pictures of cheques with a smartphone. Effective know your customer … that only legitimate payment items are entered into the clearing. At payment processing centers Payment processing …

… In the cheque imaging world, duplicate payment items (duplicates) … approach is essential to maximizing the benefits of cheque imaging for Canadians. In Part 2 we shared lessons … rules allow FIs to return certain payment items through the clearing system if for any reason payment is refused or …

… Traditional payment methods still prevail, but cash and cheque decline accelerates as businesses and consumers adopt … Payments Association as we look to modernize the country's clearing and settlement systems," said Gerry Gaetz, … approximately five per cent each year. While the volume of cheques written continues to decline, the value of those …

… announced the selection of Mastercard’s Vocalink as the clearing and settlement solution provider for the country’s … to provide the infrastructure and services to support the clearing and settlement for the RTR. The clearing and … debits, direct deposits, bill payments, wire payments and cheques. Payments Canada is a proud supporter of the …

… and leaving traditional forms of payment, like cash and cheque, by the wayside. Businesses too are adopting digital … Transfers (EFT) more frequently and reducing their use of cheques. Wider adoption of electronic payments by businesses … system and economy by owning and operating Canada’s payment clearing and settlement infrastructure, including associated …