Who is the Canadian Payments Association, and what the heck is clearing and settlement?
What role does the CPA play in the payments Canadians make each day? Are you starting from scratch? This video is your payments 101.
Automated Funds Transfers are what make pre-authorized debits and direct deposits possible, making it easy to pay bills and deposit paycheques or government benefits, for example, directly from or into one’s account. Businesses can also use AFTs to send or receive payments from suppliers or clients. Whether you’re the one making the payment or the one receiving it, learn more about these types of payments, and your rights and responsibilities.Chapter 1
You might think that nothing is a simple as writing a cheque, but a tremendous amount of work happens behind the scenes to get these payments to their destinations. See how cheques travel, why they’re “image-conscious” and what happens if they hit a bump in the road.Chapter 1
EDI is a true multi-tasker. This electronic payment application is used by some of Canada’s largest businesses to make payments directly to other big businesses that are set up to receive them. But financial institutions also use EDI to process certain bill payments electronically on behalf of their customers.Chapter 1
Canadians love debit products and we can use them in more and more ways: with a PIN number and even without, in a store but also on-line. This video explains the magic behind the scene that make these payments safe and convenient.Chapter 1
Wire payments and the Large Value Transfer System are in a class of their own. What do we mean by final, irrevocable, near-real time payments? And how can a payment system like the LVTS be used by the Bank of Canada to control inflation and influence interest rates?Chapter 1