Search

… 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 …

… A disruption to the payments ecosystem that has a material impact on ecosystem …

… in order to participate directly (or indirectly) in a payment system. Access criteria may differ depending on what … perform as a participant in the system (e.g. exchange of payment messages, clearing or settlement with the central …

… 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 …

… Those who use, or are likely to use, services provided by payment systems (e.g. consumers, businesses, government) … …

… institution to debit their account for the amount of a payment item … Payor …

… of transmitting, reconciling and, in some cases, confirming payment orders prior to settlement, possibly including the … For the purposes of ACSS, it means the reconciliation of payment items that were exchanged and the calculation of net …