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… as direct deposit, which is fast, secure and convenient), cheques and Interac e-transfer continue to be preferred by …
… to decline slightly but the total average value of cheques remains on an upward trend. Fewer cheques are being written but for increasingly higher amounts. In 2016, the 798 million cheques written totalled almost $4 trillion. The CPMT report …
… risk management measures like multiple settlement periods in other arrangements that utilize Lynx for …
… processed, business owners are not subjected to a waiting period and they get instant access to their hard-earned …
… online transfers, with a commensurate decline in cash and cheques. Unlike the last several years, the data points to … cheque transaction value is linked to the continued use of cheques for large value business payments. Summary of all …
… electronically at the same time rather than issuing cheques one by one. The payment type also allows for the use … faster settlement of invoices, the move away from paper and cheques and more uniform service across the country in all … electronic payments in Canada, reducing the reliance on cheques.” For more information on enhancements to automated …
… in cheque volume alone. In 2015, nearly one billion cheques were written in Canada. Though hard to quantify, the … debits, direct deposits, bill payments, wire payments and cheques. -30- For media inquiries, please visit the Media …
… also marked the near completion of migrating from paper cheques to the use of electronic cheques, with 70 per cent of cheques exchanged electronically as images. “We are at a …