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… or connected to others. In essence, can a bank A transact directly with a bank D or is bank A’s only means of … bank B as its clearing agent? Similarly can bank D transact directly with bank B or would it need to go through a bank C which can interact directly with B? Tiering measures this set of network …
… out millions of dollars of payments in the next few months, direct deposit is a faster, safer and more secure way for … the option for Canadian employers to enrol online in CRA Direct Deposit. It is expected that the number of financial … together to help promote awareness of the advantages of direct deposit for eligible CEWS applicants to receive …
… providing the option for Canadians to enroll online in CRA Direct Deposit. Payments Canada has supported this … to enroll electronically to receive government payments directly into a bank account simplifies a complex process, … of emergency benefits for Canadians. Enrolment for CRA Direct Deposit is available as of April 3, 2020. For further …
… amended, removing the 0.5 per cent volume requirement for direct participation in the retail payments system - the … of member financial institutions to be eligible to become direct clearers/group clearers and exchange payment items and make payment entries directly into the ACSS. The associated rule amendments to …
… and opportunities that Wise experienced from having direct access to the UK’s national payment infrastructure. … to the Canadian Payments Act (CP Act), which will enable direct access for payment service providers like Wise once … payment companies to become members of Payments Canada and directly clear and settle payments while unlocking …
… a ‘tiered’ structure, whereby a small number of banks are direct members of the system (also called ‘first tier’) and the majority of banks are indirect members (‘second tier’). The smaller the number of direct banks over the total sector, the higher the level of …
… Adequacy Requirements Guideline In order to participate directly in the Automated Clearing Settlement System (ACSS) … Payments Canada’s by-laws and rules. An institution that directly participates in Lynx, Canada’s high-value payment … a Lynx ‘Participant’. 3 An institution that participates directly in the ACSS is referred to as a ‘direct clearer’ or …
… eligible for membership, the role of the Board of Directors , and oversight responsibilities of the Minister … part of a rule. The Minister also has the power to issue a directive including a directive to make, amend or repeal a by-law, rule or …