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… 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 …
… Senior Deputy Governor of the Bank of Canada, at the Payments Canada SUMMIT in 2016. The pilot’s initial two … a variety of industry players including the Bank of Canada, Payments Canada, R3, and Canada’s seven largest commercial banks. Late last year, Payments Canada, the Bank of Canada, TMX Group and Accenture …
… Pre-authorized or bill payment error correction debits to an account held at a … institution. Most commonly used for mortgage and other bill payments, as well as funds transfer and corporate cash management payments. Often recurring, but can also be sporadic. Does …
… Bill payments to businesses that include data related to that … Number (CCIN) for credit to a corporation. Includes bill payments initiated via telephone and Internet banking and may include some paper-based bill payment remittances converted to EDI format by financial …
… Services Advisor, Ernst & Young LLP and Jan Pilbauer, Payments Canada’s Executive Director, Modernization & CIO to … research that, among other insights, quantifies the cost of payments processing for businesses. Inefficiencies, from the matching of payments to invoices to the challenges of cross-border …
… 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 …
… A payment item drawn by a bank against its own account … Bank …
… that holds the account of the payee (person receiving a payment). … Payee's financial institution (FI) …