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… Queuing arrangements in a payment system, where queued payments are released as part of a bilateral or multilaterally off-setting of payments. …
… An electronic wire system that facilitates the transfer of high-value payments between participating financial institutions in real-time with finality of payment and settlement. … Lynx …
… The right of or opportunity for an institution to use the services of a particular payment system to exchange, clear and/or settle payments on its own account or for customers … Access …
… Expedited Retail Payment Systems are retail payment systems that are integrated into core payment systems, which have direct central bank involvement …
… Faster Payment System, the ERPS established in the UK … FPS …
… A digital representation of the front and back of a payment item. … Image …
… Payment Systems Directive, issued by the European Commission …
… 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 …
… as electronic alternatives gain in popularity, but Canadians still use close to a billion cheques each year. … … (PADs) are a convenient way to pay bills and make other payments automatically. Instead of sending a payment, a company withdraws funds from your …