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… Cheques and paper items are declining steadily, yet they remain one of the most popular payment methods for many businesses … of asking your FI to send the item to the issuer's FI "on collection" (i.e. outside of the clearing system), if they …
… Cheque use is steadily declining as electronic alternatives gain in popularity, but Canadians still use close to a billion cheques each year. A cheque is a written "order to pay", …
… Self accreditation program Payments Canada, its members and the Canadian Cheque Manufacturers Industry Group created the Cheque Printer Self Accreditation Program (CPSA Program). It …
… As digital payments continue to grow among preferred ways to pay, the need for identification and … done. When I think about digital identity, I think about a collection of what I call attributes. A collection or …
… The CPA supports the introduction of new payment methods and technologies while carefully … the risk of duplicate payment items (duplicates) in the cheque imaging world. We also provided an overview of a … 2004, the U.S. implemented Check 21. Today, nearly 100% of cheques in the U.S. are cleared electronically. Image …
… the risk of duplicate payment items (duplicates) in the cheque imaging world, and how the CPA opened industry dialogue on this issue in Canada. In Part 2 , we shared lessons … such as apps that enable deposits by taking pictures of cheques with a smartphone. Effective know your customer …
… In December 2022, a diverse coalition of organizations from across the payment industry came together to sign … Broader access to our membership will support the introduction of new participants in Canada's payment system, and …
… We can fill endless days by calling up our favourite shows on demand and social distancing has been made easier as we … to be a complex registration process for direct deposit of cheques issued by CRA, requiring an interaction with Service … is a faster, safer and more convenient payment option than cheque. For COVID-19 benefit payments, direct deposit means …
… payments at The SUMMIT. The excitement was palpable at Toronto's Beanfield Centre on May 29 as delegates came together to build new relationships, reconnect with familiar faces and engage with …
… New research from the Canadian Payments Association (CPA) reveals compelling evidence of the strong … Funds Transfer (AFT) payments and the declining use of cheques in Canada. In a newly released discussion paper, CPA … AFTs have also served as an important substitute for cheques since the early 1990s, and particularly since 2002. …