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… A three digit number, assigned by Payments Canada, which can be used on payment items to identify a member financial institution or …
… 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) …
… 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 …
… 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 …
… A disruption to the payments ecosystem large enough to have a noticeable impact …
… "order to pay", which you sign and give to another party as payment. When you pay using a cheque, you are instructing … the person (or organization) that is depositing the cheque. Payments Canada and its participant financial institutions … or dark purple). We recommend including the amount of the payment in words (even though it's not legally required), …