Search results
… to send and receive payments over the national payments clearing and settlement systems more efficiently. … of Canadian payments. One such risk is the risk of duplicate payment items in the cheque imaging world. Understanding this risk and ensuring …
… the importance of understanding and managing the risk of duplicate payment items (duplicates) in the cheque imaging world, and how the CPA opened industry … that only legitimate payment items are entered into the clearing. At payment processing centers Payment processing …
… we explained the importance of understanding the risk of duplicate payment items (duplicates) in the cheque imaging world. We also provided an overview of a … or bank machine, saving both time and money. Image-based clearing and RDC offer unsurpassed convenience and …
… In the cheque imaging world, duplicate payment items (duplicates) … rules allow FIs to return certain payment items through the clearing system if for any reason payment is refused or …
… Cheques and paper items are declining steadily, yet they … to the issuer's FI "on collection" (i.e. outside of the clearing system), if they offer this service. If not, you'll … and re-processed. This helps control the risk of duplicate items entering the clearing system. You need to …
… Cheque use is steadily declining as electronic alternatives … in popularity, but Canadians still use close to a billion cheques each year. A cheque is a written "order to pay", which you sign and give …
… CPA Board of Directors approved amendments to the Automated Clearing Settlement System (ACSS) at its April 7, 2016 … and Redirected Items Amendments to amend the definition of Duplicate Payment Item and corresponding consequential … Exchange of Bill Payment Remittances for the Purpose of Clearing and Settlement Amendments associated with the web …
… program Payments Canada, its members and the Canadian Cheque Manufacturers Industry Group created the Cheque Printer Self Accreditation Program (CPSA Program). It improves the efficiency of the cheque testing process. Cheques drawn on accounts held at …
… Payment items through the Automated Clearing Settlement System (ACSS) Annual statistics … item 2023 2022 2021 2020 2019 2018* 2017 2016 2015 Cheques and paper items Volume 313,340,640 336,087,496 … the ACSS. With respect to paper items for example, a cheque drawn on one financial institution, and deposited to …
… Funds Transfer (AFT) payments and the declining use of cheques in Canada. In a newly released discussion paper, CPA … debits (PADs). They are cleared by the CPA’s Automated Clearing Settlement System (ACSS). AFTs have been a key … AFTs have also served as an important substitute for cheques since the early 1990s, and particularly since 2002. …