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… An item dated more than six (6) months prior to presentment for payment. … Stale-dated …
… who receives funds when a payment item is credited to their account … Payee …
… process of transmitting and reconciling a payment in an automated fashion, such that no human intervention is …
… A disruption to the payments ecosystem that has a material impact on …
… The minimum conditions that an entity would need to satisfy in order to participate directly (or indirectly) in a payment system. …
… Published: February 18, 2020 Payments Canada has released its latest discussion paper, … Replacing the LVTS with an RTGS system has the potential to increase LVTS participants’ liquidity costs. Fortunately, there are ways to reduce the amount of liquidity demanded by an …
… Those who use, or are likely to use, services provided by payment systems (e.g. …
… Payments are exchanged, cleared and settled through a single …
… The financial institution to which a debit payment item is addressed and which is directed to pay the specified amount of money. … Drawee …
… or organization) who authorizes their financial institution to debit their account for the amount of a payment item … …