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… rules allow FIs to return certain payment items through the clearing system if for any reason payment is refused or … authorization and validity can't be determined prior to clearing and settlement. The CPA follows specific criteria … establishing rules that provide for recourse through the clearing system. These are fundamental to ensuring a sound …
… Bank of Canada before issuing the directive. The Payment Clearing and Settlement Act assigns the Bank of Canada responsibility for overseeing clearing and settlement systems for the purpose of … as systemically important under this Act and the Automated Clearing Settlement System (ACSS) has been designated a …
… to send and receive payments over the national payments clearing and settlement systems more efficiently. … and how can we manage them appropriately? When image-based clearing was introduced in the U.S., it took a little less …
… www.bankofcanada.ca/2016/05/bank-canada-designates-automated-clearing-settlement-system/] that the Canadian Payment … Association’s (CPA) “retail” payments system, the Automated Clearing Settlement System (ACSS), has been designated a … and economy by providing safe, efficient and effective clearing and settlement of payments, the CPA has embarked on …
… on Payments Canada's retail batch system, the Automated Clearing Settlement System (ACSS). Read PTC’s full statement … amended By-law No. 3 - Payment Items and the Automated Clearing Settlement System . This amendment removed the 0.5 …
… debits (PADs). They are cleared by the CPA’s Automated Clearing Settlement System (ACSS). AFTs have been a key …
… With these changes, the retail system, called the Automated Clearing Settlement System (ACSS), will be aligned with … referred to as direct clearers, who handle the clearing and settlement of payments for their own customers, … system and economy by owning and operating Canada’s payment clearing and settlement infrastructure, including associated …
… system and economy by owning and operating Canada’s payment clearing and settlement infrastructure, including associated … duty to promote the efficiency, safety and soundness of its clearing and settlement systems and take into account the … Payments Canada is modernizing Canada’s national payment clearing and settlement systems and the associated by-laws, …
… that By-law No. 3 - Payment Items and the Automated Clearing Settlement System is amended, removing the 0.5 per … in the retail payments system - the Automated Clearing Settlement System (ACSS) - by member financial … follow-up to these proposals in the Modernizing Automated Clearing Settlement System (ACSS) Access consultation paper, …