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… A pre-authorized debit drawn on the account of a payor for the payment of goods or services related to a business or commercial activity of the payor. For …
… (ELT) provides strong leadership and effective management of Payments Canada. The team sets the strategic direction and oversees the performance of the organization to meet the needs of employees, …
… A payment item drawn by a bank against its own account … Bank …
… The financial Institution that holds the account of the payee (person receiving a payment). … Payee's financial institution (FI) …
… The financial institution that holds the account of the payor (person making a payment). … Payor's financial institution (FI) …
… The failure of the payments ecosystem to ultimately settle on the books of the central bank. … Systemic risk …
… A disruption to the payments ecosystem large enough to have a noticeable impact …
… a convenient way to pay bills and make other payments automatically. Instead of sending a payment, a company withdraws funds from your … against improper withdrawals. If you need detailed information, Rule H1 (which applies to PADs) is available in …
… Payment items through the Automated Clearing Settlement System (ACSS) Annual statistics … ACSS reporting system. The direct clearers are responsible for entering the volumes and values of payment items into their categories. All references to …
… An item dated more than six (6) months prior to presentment for payment. … Stale-dated …