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… Payment Systems Directive, issued by the European Commission …
… An entity(e.g. financial institution) that meets the applicable access criteria to access a payment system directly (without sponsorship or agency agreement with other bank/payment services provider) … Direct participant …
… Bill payments to businesses that include data related to that business' Corporate Creditor … Number (CCIN) for credit to a corporation. Includes bill payments initiated via telephone and Internet banking and …
… Pre-authorized or bill payment error correction debits to an account held at a financial institution. Most commonly used for mortgage and other bill payments, as well as funds transfer and corporate cash …
… … Payment Perspectives is now part of our Newsroom Payment Perspectives is a series of articles authored by individual staff members from Payments Canada and guest contributors, that cover a range of …
… debit drawn on the account of a payor for the payment of goods or services related to a business or commercial activity of the payor. For example, payments between franchisees and franchisers, distributors …
… The financial Institution that holds the account of the payee (person receiving a payment). … Payee's financial institution (FI) …
… The financial institution that holds the account of the payor (person making a payment). … Payor's financial institution (FI) …
… The failure of the payments ecosystem to ultimately settle on the books of the …
… A payment item drawn by a bank against its own account … Bank draft …