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… A payment item drawn by a bank against its own account … Bank …
… that holds the account of the payee (person receiving a payment). … Payee's financial institution (FI) …
… that holds the account of the payor (person making a payment). … Payor's financial institution (FI) …
… The failure of the payments ecosystem to ultimately settle on the books of the …
… A disruption to the payments ecosystem large enough to have a noticeable impact …
… "order to pay", which you sign and give to another party as payment. When you pay using a cheque, you are instructing … the person (or organization) that is depositing the cheque. Payments Canada and its participant financial institutions … any suspicious activity to your financial institution immediately. They are in the best position to help you. … Yes, …