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… The language of payments is standardizing through the gradual adoption of the ISO 20022 payments messaging standard. Jurisdictions … that its rich payments data can provide. But adoption of a global payments standard is a complex challenge: To …
… are written to reflect the interests and views of the author(s), and are not intended as an official Payments Canada statement or position. Summary … In Canada, electronic payment alternatives to the use of cash have flourished, in the form of credit and debit …
… Program (CPSA Program). It improves the efficiency of the cheque testing process. Cheques drawn on accounts … financial institutions must meet the specifications of Standard 006 . Payments Canada recommends that organizations submit pre-production samples of their cheques to a financial institution for routine …