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… The end-user (person or organization) who receives funds when a payment item is credited to their account …
… Straight-Through-Processing – the process of transmitting and reconciling a payment in an automated … STP …
… A disruption to the payments ecosystem that has a material impact on ecosystem service … System risk …
… The Executive Leadership Team (ELT) provides strong leadership and effective management of Payments Canada. The team sets the strategic direction and oversees … the ongoing corporate and business operations of Payments Canada as defined by the Executive Leadership Team (ELT). …
… The end-user (person or organization) who authorizes their financial institution to debit their account for the amount of a payment …
… Payments are exchanged, cleared and settled through a single central system, where they are routed and validated … Centralized systems …
… Payments are exchanged, cleared and settled through multiple point-to-point systems, where they are routed and validated by the … Decentralized systems …