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… Expedited Retail Payment Systems are retail payment systems that are integrated into core payment … bank involvement (in clearing or settlement processes), and are designed with a purpose to exchange, clear, and …
… 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 …
… 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, …
… federal government committed to amendments of the Canadian Payments Act (CP Act). This is tremendous news for the Canadian payment ecosystem, because we are now on the path to expanded Payments Canada membership and participation in our …
… Pre-authorized or bill payment error correction debits to an account held at a financial institution. Most commonly used for mortgage and other bill payments, as well as funds transfer and corporate cash …
… 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 …