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… 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, Payments Canada, the Bank of Canada, TMX Group and Accenture …
… Pre-authorized or bill payment error correction debits to an account held at a … institution. Most commonly used for mortgage and other bill payments, as well as funds transfer and corporate cash management payments. Often recurring, but can also be sporadic. Does …
… 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 payment remittances converted to EDI format by financial …
… A three digit number, assigned by Payments Canada, which can be used on payment items to identify a member financial institution or …
… 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 …