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… real-time payment system that supports instant, data-rich payments Real-time payments will transform Canada’s economy, giving businesses … and consumers more transparency and access to their payments any day, any time. The Real-Time Rail will enable …
… payee through the intermediary of a financial institutions. Payments can be debit transfers or credit transfers authorized by the payor … Payments …
… Retail payments are mainly consumer payments of relatively low value and urgency. … Retail payments …
… All payment structures within a country. … Payments Ecosystem …
… facilitate the transfer of monetary value between banks. … Payments system …
… of monetary value between parties. The LVTS and ACSS are payments infrastructures owned and operated by Payments Canada and therefore governed by its by-laws, rules and/or standards. … Payments infrastructure …
… Payments initiated by a customer online for the purchase of … account at a financial institution to a merchant. Online payments include online e-wallet and electronic … accounts at financial institutions (e.g., PayPal). … Online payments …
… scale, the ability of consumers and businesses to effect payments, thereby reducing confidence in the payments system more generally. … Prominent payment systems …