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… built awareness for their SuperStream program with clear deadlines for the phasing of the new standard.  They made …

… the risk of duplicate payment items (duplicates) in the cheque imaging world, and how the CPA opened industry … such as apps that enable deposits by taking pictures of cheques with a smartphone. Effective know your customer … to the deposit accounts of their customers. After clearing, cheques are presented to the paying customer's FI so the FI …

… One such risk is the risk of duplicate payment items in the cheque imaging world. Understanding this risk and ensuring … (duplicates) are created when the same payment item – a cheque, for example – is paid more than once. Duplicates … (FIs). For example, an FI might clear a photocopy of a cheque because the original was misplaced, then mistakenly …

… largely as a substitute for legacy payment methods such as cheques which entail a higher social cost from a processing … of direct credits and pre-authorized debits in displacing cheques in Canada over the past two decades. Payments … rely on more socially-costly methods of payment, including cheque and cash, despite a general willingness to move away …

… Traditional payment methods still prevail, but cash and cheque decline accelerates as businesses and consumers adopt … approximately five per cent each year. While the volume of cheques written continues to decline, the value of those cheques is growing slightly. There were 20 per cent fewer …