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… An arrangement in payment systems whereby participants in one category require … services of participants in another category to exchange and/or settle transactions on their behalf. … Tiering …
… criteria or for business reasons accesses the core payment system through an agency agreement (i.e., …
… as assigned by the CPA, used to identify the type of AFT payment. Transaction codes can be found in Appendix II, Section D of Standard 005. … Transaction code …
… that, on behalf of its customer, presents an item for payment to the drawee. It is the financial institution that …
… data submitted to the payor's FI by the payor, along with payment, and which becomes a credit item representing value when …
… Developer portal Be a part of Canada’s next generation payment system Access the Real-Time Rail API sandbox … Innovating real-time payment services Payments Canada’s Real-Time Rail API …
… Public Policy Objectives – The public policy objectives for Payments Canada are to promote the efficiency, safety and soundness of its clearing and settlement systems and take into account the interest of …
… Ability for payments to be processed (exchanged, cleared and settled) across multiple systems or jurisdictions (e.g., … assistance; generally facilitated by adoption of common standards and/or technical compatibility … Interoperability …