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… and economy by providing safe, efficient and effective clearing and settlement of payments. As a public-purpose … funds in segregated accounts; and Flexible rules governing cheque image exchange that enable the industry to offer … what has been done for prominent systems under the Payment Clearing and Settlement Act), setting out clear oversight …

… largely as a substitute for legacy payment methods such as cheques which entail a higher social cost from a processing … as an end-point. Instead, improvements underway to core clearing and settlement systems are expected to promote … do not eliminate operational risk, e.g., challenges with duplicate deposits of the same cheque using RDC. Concerns …

… seems willing to change with a majority ready to drop cheques altogether and half willing to do the same with … asked, 66 per cent of respondents are willing to let go of cheques and 50 per cent cash. Of the only 13 per cent of … system and economy by owning and operating Canada's payment clearing and settlement infrastructure, including associated …

… to be a complex registration process for direct deposit of cheques issued by CRA, requiring an interaction with Service … is a faster, safer and more convenient payment option than cheque.  For COVID-19 benefit payments, direct deposit means … retail purchases and we are increasingly replacing cash and cheques with faster, safer, more convenient digital payment …

… has been granted Direct Clearer status in the Automated Clearing Settlement System (ACSS) which includes the United … succeed in this collaborative achievement.” The ACSS clears cheques and electronic items, such as pre-authorized debits, … debits, direct deposits, bill payments, wire payments and cheques initiated and received by Canadians and Canadian …

… competitive procurement process for the country’s new core clearing and settlement system for payments, called Lynx. … One key element of that plan is to establish a new core clearing and settlement system - a safe and secure … debits, direct deposits, bill payments, wire payments and cheques. For media inquiries, please visit the  Media Centre …

… Traditional payment methods still prevail, but cash and cheque decline accelerates as businesses and consumers adopt … Payments Association as we look to modernize the country's clearing and settlement systems," said Gerry Gaetz, … approximately five per cent each year. While the volume of cheques written continues to decline, the value of those …