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… An item dated more than six (6) months prior to presentment for payment. … Stale-dated …
… 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 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 …
… 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 …
… 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 …
… 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. …
… Published: July 15, 2015 This paper investigates the impact that the emergence of Automated Funds Transfer (AFT) payments has had on cheque use in Canada. We find that AFT payments have played a role in the declining use of cheques during the past decade. Nevertheless the use of …
… Canadian business community leaders and financial … high as $4.5 billion over five years from the reduction in cheque volume alone. In 2015, nearly one billion cheques … businesses and stakeholders to determine appropriate end dates for adoption. Similar to how remote cheque deposit …