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… rules allow FIs to return certain payment items through the clearing system if for any reason payment is refused or … authorization and validity can't be determined prior to clearing and settlement. The CPA follows specific criteria … establishing rules that provide for recourse through the clearing system. These are fundamental to ensuring a sound …

… to send and receive payments over the national payments clearing and settlement systems more efficiently. … and how can we manage them appropriately? When image-based clearing was introduced in the U.S., it took a little less …

… www.bankofcanada.ca/2016/05/bank-canada-designates-automated-clearing-settlement-system/]  that the Canadian Payment … Association’s (CPA) “retail” payments system, the Automated Clearing Settlement System (ACSS), has been designated a … and economy by providing safe, efficient and effective clearing and settlement of payments, the CPA has embarked on …