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… 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 … (FIs). For example, an FI might clear a photocopy of a cheque because the original was misplaced, then mistakenly …

… 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 …

… correspondent banking services from an American bank that holds a nostro account on behalf of the Canadian bank, where … process. In the most basic terms, the correspondent holds deposits owned by other respondent banks and provides … theoretical analysis of methods used in research. Zheren holds a Bachelor’s degree in Psychology and he is pursuing a …

… OTTAWA, December 10, 2018 - Canadian businesses and households are ready for better payment options, according to new … 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 …

… 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 … the clearing system. For example, while automation of the cheque clearing process has created tremendous efficiencies, …

… to see a widespread shift away from paper-based payments, cheques and cash, as Canadians increasingly demonstrate … representing 23 per cent of total payments volume. Cheques and paper-based payments continued to play a … reported making a cash purchase in the last seven days.   Cheque volumes and values continued to decline, while …