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… 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 payment item drawn by a bank against its own account … Bank …
… The way we pay is changing at an unprecedented rate. But what’s driving this transformation? Payments Canada's annual Consumer Pulse Survey finds younger … unique perspectives on today's changing consumer payment preferences, and predictions for the future. Where to …
… A disruption to the payments ecosystem large enough to have a noticeable impact …
… we do not yet have the frameworks in place to support new payment experiences -- some that are commonplace in other … At the moment we rely entirely on banks who are actually pretty low tech to deliver payments, and paytech is really … knows where your money is. And 11 days, that's probably pretty good in some cases because the money just shows up …
… An item dated more than six (6) months prior to presentment for payment. … Stale-dated …
… Membership Access to Canada’s payment infrastructure begins with Payments Canada … or clearing account with the Bank of Canada and is authorized to access and participate on the payment systems … to Payments Canada market research, reports and in-depth presentations access tailored system analytics reports …
… end-user (person or organization) who receives funds when a payment item is credited to their account … Payee …
… – the process of transmitting and reconciling a payment in an automated fashion, such that no human …