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… Payment Systems Directive, issued by the European Commission …
… that meets the applicable access criteria to access a payment system directly (without sponsorship or agency agreement with other bank/payment services provider) … Direct participant …
… Pre-authorized or bill payment error correction debits to an account held at a … institution. Most commonly used for mortgage and other bill payments, as well as funds transfer and corporate cash management payments. Often recurring, but can also be sporadic. Does …
… A three digit number, assigned by Payments Canada, which can be used on payment items to identify a member financial institution or …
… federal government committed to amendments of the Canadian Payments Act (CP Act). This is tremendous news for the Canadian payment ecosystem, because we are now on the path to expanded Payments Canada membership and participation in our national …
… debit drawn on the account of a payor for the payment of goods or services related to a business or commercial activity of the payor. For example, payments between franchisees and franchisers, distributors …
… Senior Deputy Governor of the Bank of Canada, at the Payments Canada SUMMIT in 2016. The pilot’s initial two … a variety of industry players including the Bank of Canada, Payments Canada, R3, and Canada’s seven largest commercial banks. Late last year, Payments Canada, the Bank of Canada, TMX Group and Accenture …
… that holds the account of the payee (person receiving a payment). … Payee's financial institution (FI) …