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… Payment items through the Automated Clearing Settlement System (ACSS) Annual … 2,947,829,946 3,039,748,141 2,986,314,735 3,035,540,453 AFT debits Volume 1,084,261,095 1,043,550,343 1,012,746,276 … 816,113,583 746,717,137 693,570,051 674,284,957 AFT credits Volume 1,237,596,437 1,158,534,482 1,138,887,577 …
… 6, 2023 December 4, 2023 Published Rules E1, E4, E5 and the Introduction to the ACSS Rules Amendments to the ACSS … clarify the definition of Indirect Participant within the EDI framework. May 12, 2023 July 11, 2023 Published Standard … Appendix IV to introduce new lead time requirements for new AFT transaction codes. March 2, 2023 May 3, 2023 Published …
… New research from the Canadian Payments Association (CPA) reveals compelling … relationship between the use of Automated Funds Transfer (AFT) payments and the declining use of cheques in Canada. In … for future AFT growth. AFTs are electronic direct credit or direct debit transactions, commonly known in Canada …
… & CIO sits down with Janet Lalonde, Director of the AFT Enhancements Pillar to discuss the benefits of Automated … successes. {"fid":"6541","view_mode":"default","type":"media","field_deltas":{"1":{}},"link_text":"The Director's …
… High-Level Plan , enhancements to Automated Funds Transfer (AFT) – or batch payments - will be first out of the gate. We are looking forward to seeing this important … institutions and their business clients for important and predictable transactions such as payroll, bill payments, …
… Payments Canada is leading the effort to introduce ISO 20022 — an international … to consolidate the current Lynx , Automated Funds Transfer (AFT) and EDI payment standards into a single, global standard. This …
… rules, summarized below, aim to improve various aspects of the payment systems and support their efficient use and operation. The rule amendments take … A10. 2. Improved clarity of Indirect participation in the EDI environment (ACSS Rule E3 and Introduction to the ACSS …
… Roadmap & High-Level Plan for modernization, which includes the roll out of the ISO 20022 payment messaging standard … jurisdictions have mandated ISO 20022 and, while we can’t predict the future, I would suggest it’s better to progress … payment system, the real-time payments capability and batch AFT payments. This is extremely important and I hope other …
… Published: July 15, 2015 This paper investigates the impact that the emergence of Automated Funds Transfer (AFT) payments has had on cheque use in Canada. We find that … growth will depend on how AFT meets the needs of small and medium-sized business. …