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… model, in which settlement occurs immediately after the clearing of each individual payment resulting in the instant … a systemically important payment system under the Payment Clearing and Settlement Act . Lynx is critical to Canada’s … debits, direct deposits, bill payments, wire payments and cheques initiated and received by Canadians and Canadian …

… Report , Canadian businesses are writing fewer and fewer cheques while expanding the range of digital payment options … to their customers. In 2021 there were 546 million fewer cheque and paper items exchanged than in 2014, a decline of … only take traditional payment methods like cash and cheques, they run the risk of eliminating a group of …

… details on cost savings due to anticipated reduction of cheque usage -- as ISO-enabled payments provide the potential of replacing cheques -- are also captured in the study. This is the third …

… rich payments that meet cost and timing needs. Reliance on cheques is greatly diminished because the myriad of information businesses pull from cheques will now be in the payment message itself, along …

… operates Canada's payment systems, Lynx and the Automated Clearing Settlement System (ACSS). Payments Canada is … debits, direct deposits, bill payments, wire payments and cheques initiated and received by Canadians and Canadian …