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… A routing number identifies the financial institution and the branch to which a payment item …
… Nations Bank of Canada Sarah Paquet , Director & CEO of the Financial Transactions and Reports Analysis Centre of Canada …
… and Head, Enterprise Payments Modernization from BMO Financial Group, as incoming chair of the Member Advisory …
… the MAC agenda. The Modernization program has been shaped by connecting, consulting and collaborating with Payment Canada’s member financial institutions through working groups, committee … more involved. In addition, Council members provide insight by articulating the member interests that they are appointed …
… traditional attributes of physical cash and would be used by consumers and businesses (relative to wholesale CBDC, which would be used by financial institutions). The concept of central bank digital … payments. The rise of alternative, non-sovereign and borderless digital currencies, such as Bitcoin and Diem …
… core payment infrastructure and that of many of our member financial institutions. The strong corporate governance …
… and progress. Based on ongoing consultation with Canadian financial institution members, stakeholders and regulators, …
… and electronic; drawn on CDN or U.S. dollar accounts at financial institutions domiciled in Canada) are cleared. … and 13 percent of the daily transaction value cleared by all our systems. The volumes and values of payment items … of retail batch payments must occur. Specific participant financial institutions, referred to as direct clearers , …
… payment error correction debits to an account held at a financial institution. Most commonly used for mortgage and …