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… debit drawn on the account of a payor for the payment of goods or services related to a business or commercial activity of the payor. For example, payments between franchisees and franchisers, distributors …
… that holds the account of the payee (person receiving a payment). …
… that holds the account of the payor (person making a payment). …
… The failure of the payments ecosystem to ultimately settle on the books of the …
… A disruption to the payments ecosystem large enough to have a noticeable impact …