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… 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 …
… Association; and Neville Arjani, Director of Research at Payments Canada to discuss the future of cash in Canada. … digital wallets, e-transfer and visible and automatic payments. We are dealing less in cold, hard cash. I am … this is what a Dollar is worth. And an infrastructure validates the monies moving around. My mortgage is digital. My …
… A disruption to the payments ecosystem large enough to have a noticeable impact …
… end-user (person or organization) who receives funds when a payment item is credited to their account … Payee …
… – 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 …
… 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 …
… and achievements in owning and operating Canada’s payment clearing and settlement infrastructure. … Previous … Report , 2016 Annual Report . Corporate Plans Payments Canada is responsible for the systems, processes … The Modernization Delivery Roadmap provides progress updates, including timelines and how Canadians benefit. … …