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… 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 …
… that holds the account of the payee (person receiving a payment). … Payee's financial institution (FI) …
… 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 …
… 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 …
… A disruption to the payments ecosystem large enough to have a noticeable impact …