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… Payment systems characterized by bilateral exchanges made outside of a central …

… Payments accompanied by a paper remittance (bill stub), MICR-encoded with a CCIN, …

… An arrangement in payment systems whereby participants in one …

… An entity that cannot meet the applicable eligibility criteria or for business reasons accesses the core payment system through an agency agreement (i.e., …

… A three digit code, as assigned by the CPA, used to identify the type of AFT payment. Transaction codes can be found in Appendix II, …

… 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 that …

… 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 …

… Public Policy Objectives – The public policy objectives for Payments Canada are to promote the efficiency, safety and soundness of …

… Large Value Transfer System; an electronic wire system that facilitates … financial institutions in real time with finality of payment and certainty of settlement. The LVTS was replaced …