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… give Canadians more control over their finances by allowing payments to be cleared and settled in seconds and providing greater confidence that payments have been finalized. In this episode of The PayPod, Payments Canada and the RTR’s strategic partners discuss …
… Canadian businesses have a higher rate of payment fraud (20 per cent) compared to Canadian consumers (13 per cent), reveals new Payments Canada study. Key study findings: Around one in seven businesses (15 per cent) lost money from payment fraud in the last six months. Impersonator fraud …
… Published: February 18, 2020 Payments Canada has released its latest discussion paper, … liquidity? A simulation approach for Canada's large-value payment system. As part of the modernization of Canada’s payment systems, the LVTS will be replaced by a real-time …
… 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 …
… 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 which is directed to pay the …
… Those who use, or are likely to use, services provided by payment systems (e.g. consumers, businesses, government) … …