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… Pre-authorized or bill payment error correction debits to an account held at a financial institution. Most commonly used for mortgage and other bill payments, as well as funds …
… Bill payments to businesses that include data related to that … business' Corporate Creditor Identification Number (CCIN) for credit to a corporation. Includes bill payments … some paper-based bill payment remittances converted to EDI format by financial institutions. … Electronic (EDI) …
… A three digit number, assigned by Payments Canada, which can be used on payment items to identify a member financial institution or …
… A pre-authorized debit drawn on the account of a payor for the payment of goods or services related to a business or …
… A payment item drawn by a bank against its own account … Bank draft …
… The financial Institution that holds the account of the payee (person receiving a payment). … Payee's financial institution (FI) …
… The financial institution 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 central bank. … Systemic …
… A disruption to the payments ecosystem large enough to have a noticeable impact on GDP. … …
… An item dated more than six (6) months prior to presentment for payment. … Stale-dated …