Search results
… An arrangement in payment systems whereby participants in one category require the services of participants in another category to exchange and/or …
… An entity that cannot meet the applicable eligibility criteria or for business reasons accesses the core payment system through an agency agreement (i.e., …
… code, as assigned by the CPA, used to identify the type of AFT payment. Transaction codes can be found in Appendix II, Section D of Standard 005. … Transaction code …
… and paper items are declining steadily, yet they remain one of the most popular payment methods for many businesses in Canada. … Pre-Authorized debits … businesses to transfer funds both domestically and internationally. … …
… Also known as the negotiating financial institution. The financial institution that, on behalf of its customer, presents an item for payment to the drawee. It is the financial institution …
… The portion of an invoice or the electronic data submitted to the payor's FI by the payor, along with payment, and which becomes a credit item representing value …
… This episode of The PayPod takes us back to the virtual stage at The 2022 SUMMIT. Moderated by host Cyrielle Chiron, this … soon … Guests Lisa Lansdowne-Higgins, SVP, Business Transformation & Deposits, Royal Bank of Canada Hanna Zaidi, …
… Large Value Transfer System; an electronic wire system that facilitates the transfer of funds between participating financial institutions in real time with finality of payment and certainty of settlement. The LVTS was replaced …
… Ability for payments to be processed (exchanged, cleared and … cross-border) without manual assistance; generally facilitated by adoption of common standards and/or technical compatibility … …
… Payments Canada’s response to FINA’s 2024 pre-budget consultation, calling for change to payment legislation in the 2023 Fall Economic … Canada has submitted a written response to the House of Commons Standing Committee on Finance (FINA) as part of …