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… A three digit number, assigned by Payments Canada, which can be used on payment items to identify a member financial institution or …
… 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 and suppliers, and dealers and …
… 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) …
… 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 …
… 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 … there are ways to reduce the amount of liquidity demanded by an RTGS system—one of which is to implement …
… A disruption to the payments ecosystem large enough to have a noticeable impact …
… dated more than six (6) months prior to presentment for payment. … Stale-dated …
… end-user (person or organization) who receives funds when a payment item is credited to their account … Payee …