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… An item dated more than six (6) months prior to presentment for payment. … Stale-dated …
… In the cheque imaging world, duplicate payment items (duplicates) are risky … light of Canada's transition to an imaging environment, updates to other elements of the BEA, such as provisions for …
… Late last year, Canada’s largest financial institutions … collaboration was a huge part of SecureKey’s success to date. Can you tell us a bit more about it? This is a very … do. That means having all of the efficiencies of digital ID without sharing too much information. It’s about asking “are …
… Pre-Authorized debits (PADs) are a powerful tool for businesses. They are sometimes … and manufacturers. Cash Management PADs transfer, consolidate or reposition funds between accounts held by your …
… This COVID-19 pandemic has highlighted the value of everything digital. 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 …
… The first quarter of 2022 saw the continued seamless operation of … running flawlessly. System availability is at 99.91% and to date, Lynx has cleared and settled over seven million … the Department of Finance released the 2022 federal budget without mention of amendments to the Canadian Payments Act …
… The first quarter of 2023 saw the continued seamless operation of … the Minister of Finance released the 2023 federal budget without mention of amendments to the CP Act. We were … the recommendations will have an impact on the RTR launch date. Replanning is underway and, following this process, …
… This article is the second in a series exploring emerging topics … payments allow merchants to interact with digital payments without having to pay for expensive infrastructure and … about inclusivity in payments The QR landscape in Canada To date, Canada has not experienced significant uptake of QR …
… Direct deposit is a fast, secure and convenient way to receive payments, an example of this is having your pay cheque deposited directly into your bank account. How to … institution. … No. You can enrol in and use direct deposit without a computer or Internet access. For more …
… New research from the Canadian Payments Association (CPA) reveals … 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. …