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… Payments are exchanged, cleared and settled through multiple …
… The financial institution to which a debit payment item is addressed and which is directed to pay the …
… Those who use, or are likely to use, services provided by payment systems (e.g. consumers, businesses, government) …
… of transmitting, reconciling and, in some cases, confirming payment orders prior to settlement, possibly including the … For the purposes of ACSS, it means the reconciliation of payment items that were exchanged and the calculation of net …
… In Real Time Gross Systems, each payment is settled individually as soon as the transfer …
… funds between two or more parties. For ACSS, it means the payment of clearing balances. …
… High Value Payment Systems; a set of instruments and procedures that …
… An arrangement in payment systems whereby participants in one category require …