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… A disruption to the payments ecosystem large enough to have a noticeable impact …
… dated more than six (6) months prior to presentment for payment. … Stale-dated …
… end-user (person or organization) who receives funds when a payment item is credited to their account … Payee …
… Straight-Through-Processing – the process of transmitting and reconciling a payment in an automated fashion, such that no human …
… A disruption to the payments ecosystem that has a material impact on ecosystem …
… The minimum conditions that an entity would need to satisfy in order to participate directly (or indirectly) in a payment system. Access criteria may differ depending on what … perform as a participant in the system (e.g. exchange of payment messages, clearing or settlement with the central …
… Jude Pinto, as Payments Canada's Chief Delivery Officer, brings more than 30 years … and innovation nationally and internationally. As the payment systems that underpin Canada’s financial ecosystem …
… Payments are exchanged, cleared and settled through a single central system, where they are routed and validated by a central institution … Centralized systems …
… The financial institution to which a debit payment item is addressed and …
… Those who use, or are likely to use, services provided by payment systems (e.g. consumers, businesses, government) … End-user …