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… or recourse. The proposed changes primarily apply to Rule H6 , which provides the framework for processing bill … reflective of the definitions found in Payments Canada’s rules. All defined terms in this document have been … system. Automated Funds Transfer (AFT) Credit Transaction ( Rule F1 ): A credit Payment Item exchanged in an AFT File as …

… and secure manner.” The legal framework (which includes the rules and by-law) are important to ensure the smooth … operation of Canada’s payment systems. Amendments to Lynx Rule 12 and TSP-002 , which take effect today, have been … in the event of a disruption. Visit Payments Canada’s Rules & documentation page for more information on active …

… (CCIN) To participate in the bill payment process under Rule H6 for the ACSS, billers must have a Corporate creditor … with electronic remittances. What is Payments Canada Rule H6? Payments Canada rules are an integral part of the legal framework of the …

… gain traction in Canada?   Key policy considerations CPA rules allow FIs to return certain payment items through the … and a number of guiding principles when establishing rules that provide for recourse through the clearing system. … items and ensuring their eligibility for clearing. Clearing rules should support this principle.   2. Know your customer …

… make payment entries directly into the ACSS. The associated rule amendments to ACSS Rule D1 – Direct Clearer/Group Clearer Requirements came … signifying a key outcome of our efforts to enhance ACSS rules and bylaws.  …

… in hand, I sit down at my desk and review the latest set of rule amendments the team has drafted in consultation with our members. Payments Canada rules are an integral part of our legal framework and set … our member financial institutions. Regular reviews of our rules are conducted so that we can identify areas requiring …

… market infrastructure for payments, today announced new rules that will enhance automated funds transfer, a type of … such as payments to a biller. Payments Canada’s new rules, which apply to Canadian financial institutions, … to provide funds availability within two hours. The new rules for automated funds transfer come into effect in the …