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… a payor (the end user whose account is being debited) directly with a payee (the end user whose account is to be …

… account-based payment platforms around the world. For example, in the U.S., The Clearing House’s RTP system is … those made with debit cards, pre-authorized debits, direct deposits, bill payments, wire payments and cheques. Payments …

… risk control mechanism, particularly for payments where authorization and validity can't be determined prior to … a sound payments system:   1. Safeguarding access to deposit accounts FIs play a key role in safeguarding access … eligible items are entered into the clearing system. For example, while automation of the cheque clearing process has …

… in the past decade, and many U.S. banks now offer Remote Deposit Capture (RDC) solutions and services. These allow … internal system or printing issues, or employee error. For example, a bank employee could mistakenly process a large … create duplicates. For example, a fraudster could deposit a cheque via RDCat multiple banks and try to collect …

… expectations, and new market dynamics. The Payment Services Directive 2 (PSD2) and the General Data Protection … and circumstances that call for different responses. For example, authorities can pursue data-sharing initiatives … of, a person residing in the EU. The Payment Services Directive 2 Like the GDPR, the PSD2 is a legal modernization …

… of volume. Electronic Funds Transfer (EFT), which includes direct deposits and pre-authorized debits, now accounts for 44 per … those made via debit cards, pre-authorized debits, direct deposits, bill payments, wire payments or cheques. …

… opportunities for future AFT growth. AFTs are electronic direct credit or direct debit transactions, commonly known in Canada as direct deposits or pre-authorized debits (PADs). They are cleared …

… the executive team, Shawn will contribute to the strategic direction and leadership of Payments Canada. “Shawn has made … systems include debit card payments, pre-authorized debits, direct deposits, bill payments, wire payments and cheques initiated …

… to modernize the securities settlement process is a good example of how the Bank of Canada promotes the efficiency … those made with debit cards, pre-authorized debits, direct deposits, bill payments, wire payments and cheques. About …

… or selling items online on peer-to-peer marketplaces (for example, Kijiji, Craigslist), 51 per cent of Canadians stick … systems include debit card payments, pre-authorized debits, direct deposits, bill payments, wire payments and cheques. Payments …