Canadian Payment Methods and Trends: 2019 Author Notes
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Mobile Banking
Automated teller machine "Cash machine" Smaller indoor ATMs dispense money inside convenience stores and other busy areas, such as this off-premise Wincor Nixdorf mono-function ATM in Sweden. An automated teller machine (ATM) is a computerized telecommunications device that provides the customers of a financial institution with access to financial transactions in a public space without the need for a human clerk or bank teller. On most modern ATMs, the customer is identified by inserting a plastic ATM card with a magnetic stripe or a plastic smartcard with a chip, that contains a unique card number and some security information, such as an expiration date or CVVC (CVV). Security is provided by the customer entering a personal identification number (PIN). Using an ATM, customers can access their bank accounts in order to make cash withdrawals (or credit card cash advances) and check their account balances as well as purchasing mobile cell phone prepaid credit. ATMs are known by various other names including automated transaction machine,[1] automated banking machine, money machine, bank machine, cash machine, hole-in-the-wall, cashpoint, Bancomat (in various countries in Europe and Russia), Multibanco (after a registered trade mark, in Portugal), and Any Time Money (in India). Contents • 1 History • 2 Location • 3 Financial networks • 4 Global use • 5 Hardware • 6 Software • 7 Security o 7.1 Physical o 7.2 Transactional secrecy and integrity o 7.3 Customer identity integrity o 7.4 Device operation integrity o 7.5 Customer security o 7.6 Alternative uses • 8 Reliability • 9 Fraud 1 o 9.1 Card fraud • 10 Related devices • 11 See also • 12 References • 13 Books • 14 External links History An old Nixdorf ATM British actor Reg Varney using the world's first ATM in 1967, located at a branch of Barclays Bank, Enfield. -
Amazon Net Banking Offers
Amazon Net Banking Offers Neale short-circuit his barbes accepts quicker, but ideologic Jerome never summarising so worldly. Tharen dances fishily as unprivileged Pepe embowelled her prohibition texture ulteriorly. Ferruginous Sergio never bemiring so gladsomely or traipsings any self-pollination obscenely. Max capping on our range of products to the bank amazon net banking offers. BOB Financial. Simply redeem the offers? Executive visit at amazon? Amazon HDFC Offer 2021 February EditionGet Up to 60 Off On Mobiles and. We regular do that precise day! Amazon YONO SBI Offer a Extra 5 CB Till 31 Dec. Through app or website? Hdfc offer by amazon offers already but the net by whom. This code will work the target. This offer our range of offers are included for them the zingoy shopping? Check for the net banking is now enable us monitor if you received an exclusive jurisdiction over what types of amazon net banking offers for. No slowdown when redeeming a check? Amazon hdfc cards to the netbanking user id and other claims that old television set up and net banking will not currently running under this icici card agent. Amazon as well about any store or raid that sells Amazon gift cards. Amazon Super Value Day 1-7 Feb Upto 30 Rs 300 SBI. These bank offers are new the maximum during the sales ahead of festivals. Net Banking All Banks India Appstore for Amazoncom. Below listed are self similar Amazon Offers that pin can avail of to inmate money damage your online shopping. Best Banks for High-Net-Worth Families 2020 Kiplinger. -
The Road to Digital Government Payments
THE ROAD TO DIGITAL GOVERNMENT PAYMENTS A guide to improve efficiency, transparency and financial inclusion through Government-to-Citizen payments (G2C) ©2020 Visa Inc. All rights reserved TABLE OF CONTENTS Executive summary, 4 Introduction, 6 Implemented solution to disburse emergency funds during COVID-19, 9 Key factors for implementing G2C payments, 17 Government to Citizens solutions, 23 Implementation and improvement strategies for G2C payment solutions, 33 Conclusion, 38 2 Digitalizing emergency assistance payments must be a collaborative effort of governments, the private sector, and all relevant stakeholders in the payment ecosystem. 3 EXECUTIVE SUMMARY The crisis the world is currently going Countries in the Latin America and the Caribbean (LAC) region have different maturity levels when through as a result of the COVID-19 it comes to digital payment penetration, which so pandemic has revealed the need to far has made it impossible to implement a “one- develop and implement rapid response size-fits-all” model solution for social assistance payments. The pace at which governments adopt government to citizens programs, a key electronic payments to send funds to consumers tool to stimulate the safe and speedy and companies depends on factors such as the available infrastructure, the social and economic financial recovery of individuals in the context, and applicable rules and regulations. face of the current situation or other This Guide presents several solutions, with a focus disasters or pandemics. The aim of this disbursing COVID-19 emergency funds. study is to offer guidelines that help Some of the solutions covered in this document are the result of collaboration between Visa and governments digitalize G2C payments, key stakeholders in the payment ecosystem. -
Word Files Coverted
About MasterCard International: MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of their global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard international manages a family of well-known, widely accepted payment cards brands including MasterCard®, Maestro®, and Cirrus® and serves financial institutions, consumers and businesses in over 210 countries and territories. What is a Debit Card: Maestro® is the Global Debit Card cum ATM Card product of MasterCard International. This card can be used to make on-line bill payments through 49,000 Point of Sale (POS) terminals in India and 70,00,000 merchant establishments worldwide exhibiting “MAESTRO” logo. In other words the Debit Card holder can pay their bills, at shops exhibiting “Maestro” Logo, using this card instead by cash or cheque. The card holder need not carry cash in future when all the shops provide this facility. SIB's Debit Card can also be used as an ATM card within the ATM network of the Bank. People around the world prefer debit card over credit card since the spending can be restricted to what they have in their account. Since payment is effected only if there is available balance in the customer's account, it is absolutely risk-free for the banks. SIB plans to issue debit cards liberally as an added convenience to its customers which in turn reduces the pressure on cash transactions at the counters. How is CIRRUS relevant to other bank's Maestro Card holders: SIB has acquired “CIRRUS”, the product of MasterCard International. -
Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet? BANK of CANADA • Financial System Review • June 2017 1
PROJECT JASPER: ARE DISTRIBUTED WHOLEsaLE PayMENT SysTEMS FEASIBLE YET? BANK OF CANADA • FiNANCIAL SYStem Review • JuNE 2017 1 Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet? James Chapman, Rodney Garratt,1 Scott Hendry, Andrew McCormack2 and Wade McMahon Distributed ledger technology (DLT)—most commonly known as the foun- dation of Bitcoin—offers a fundamentally different way to conduct and track financial transactions. Researchers are investigating its usefulness in all corners of the financial system. Project Jasper is a proof of concept of a DLT-based wholesale pay- ment system. The experiment provided significant insights into the relative strengths and weaknesses of using DLT for financial market infrastructures. For critical financial market infrastructures, such as wholesale payment systems, current versions of DLT may not provide an overall net benefit relative to current centralized systems. Recent versions of DLT have, however, made advances compared with initial cryptocurrency applica- tions of DLT. Benefits for the financial system of a DLT-based wholesale payment system could likely arise from its interaction with a larger DLT ecosystem of finan- cial market infrastructures, potentially including cross-border transactions. Introduction Financial technology (fintech) is defined as financial innovation enabled by technology that could result in new business models, applications, pro- cesses or products and that has an associated material effect on financial markets and institutions or the provision of financial services.3 One such innovation with significant potential is distributed ledger tech- nology (DLT), or blockchain, as a common variant of it is known (Box 1). DLT, introduced with the cryptocurrency Bitcoin in 2008 (Nakamoto 2008), enables the secure validation and recording of transactions. -
NPCI Appoints FIME to Set up the Certification Body for India's
NPCI appoints FIME to set up the certification body for India’s Payment Scheme, RuPay FIME to define, manage and execute certification programme for RuPay 6 March 2014 – National Payments Corporation of India (NPCI), the umbrella organisation of all retail payment systems in the country, has appointed advanced secure-chip testing provider FIME to deliver its RuPay certification programme. NPCI will utilise FIME’s expertise in setting up EMV®-based certification board for its card payment scheme- RuPay. FIME will define the certification specification, laboratory setup, test plan specification, test tools and operate the certification board for RuPay. FIME will also be involved in setting up the certification process including the associated administrative and business operations. This certification board will be effective from March 2014. This will ensure all payment cards and point-of-sale terminals deployed under the brand align to the requirements of RuPay specifications. It will also ensure necessary infrastructural alignment of acquirers and issuers with the payment system. Prakash Sambandam, Director of FIME India says: “Many countries have, or are in the process of migrating to the EMV payment standard. Transitioning to a chip payment infrastructure will take time and require the implementation of new product development cycles. Adhering to RuPay, an EMV payment scheme will ensure that the products achieve the required functional and security standards and perform as intended, once live in the marketplace. This level of compliance is vital to ensure product interoperability and security optimisation”. In addition to enhanced security, the new payment platform presents opportunities to deliver advanced payment solutions – such as mobile and contactless payments – which are based on secure-chip technology. -
CANADA Executive Summary
Underwritten by CASH AND TREASURY MANAGEMENT COUNTRY REPORT CANADA Executive Summary Banking The Canadian central bank is the Bank of Canada / Banque du Canada. The bank is based in Ottawa and its authority derives from the Bank of Canada Act. Canada does not apply central bank reporting requirements. Resident entities are permitted to hold fully convertible foreign currency bank accounts domestically and outside Canada. Non-resident entities are permitted to hold fully convertible domestic and foreign currency bank accounts within Canada. Canada has 32 domestic banks and 24 subsidiaries of foreign banks that are permitted to offer the full range of wholesale and retail banking services. There are also five cooperative credit associations that are federally regulated. In addition, 33 foreign banks have established branches in Canada. Payments Canada’s two main interbank payment clearing systems are LVTS and ACSS. The most important cashless payment instruments in Canada are electronic credit transfers in terms of value and card payments in terms of volume. Although their usage is falling, checks remain an important form of payment. The increased use of electronic and internet banking has led to a growth in the use of electronic payments such as electronic credit transfers and direct debits. Card payments have increased steadily, especially in the retail sector. Liquidity Management Canadian-based companies have access to a variety of short-term funding alternatives. There is also a range of short-term investment instruments available. Cash concentration is the more common technique used by Canadian companies to manage company and group liquidity. Of the available techniques, zero-balancing is the most commonly used. -
Government Charge Card Abuse Prevention Act of 2012’’
S. 300 One Hundred Twelfth Congress of the United States of America AT THE SECOND SESSION Begun and held at the City of Washington on Tuesday, the third day of January, two thousand and twelve An Act To prevent abuse of Government charge cards. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ‘‘Government Charge Card Abuse Prevention Act of 2012’’. SEC. 2. MANAGEMENT OF PURCHASE CARDS. (a) GOVERNMENT-WIDE SAFEGUARDS AND INTERNAL CON- TROLS.— (1) IN GENERAL.—Chapter 19 of title 41, United States Code, is amended by adding at the end the following new section: ‘‘§ 1909. Management of purchase cards ‘‘(a) REQUIRED SAFEGUARDS AND INTERNAL CONTROLS.—The head of each executive agency that issues and uses purchase cards and convenience checks shall establish and maintain safeguards and internal controls to ensure the following: ‘‘(1) There is a record in each executive agency of each holder of a purchase card issued by the agency for official use, annotated with the limitations on single transactions and total transactions that are applicable to the use of each such card or check by that purchase card holder. ‘‘(2) Each purchase card holder and individual issued a convenience check is assigned an approving official other than the card holder with the authority to approve or disapprove transactions. ‘‘(3) The holder of a purchase card and each official with authority to authorize expenditures charged to the purchase card are responsible for— ‘‘(A) reconciling the charges appearing on each state- ment of account for that purchase card with receipts and other supporting documentation; and ‘‘(B) forwarding a summary report to the certifying official in a timely manner of information necessary to enable the certifying official to ensure that the Federal Government ultimately pays only for valid charges that are consistent with the terms of the applicable Government- wide purchase card contract entered into by the Adminis- trator of General Services. -
Public Bank Unionpay Lifestyle Debit Card Product Disclosure Sheet
PRODUCT DISCLOSURE SHEET Public Bank Berhad (6463-H) Read this Product Disclosure Sheet before you PB Visa/MasterCard Lifestyle Debit – Generic decide to take up the PB Visa/MasterCard/Union Pay Lifestyle Debit. Be sure to also read the PB Visa/MasterCard Lifestyle Debit – Basic general terms and conditions. Savings Account/Basic Current Account PB UnionPay Lifestyle Debit – PB UnionPay Savings Account Date: 1. What is this product about? PB Visa/MasterCard/UnionPay Lifestyle Debit is a two-in-one card combining Visa/MasterCard/ UnionPay debit card and ATM functions. The card is linked to the Savings Account/Current Account/Basic Savings Account/Basic Current Account/PB UnionPay Savings Account (“Banking Account”) of the individual and any expenditure will be deducted directly from the Banking Account. This is a PB Visa/MasterCard/UnionPay Lifestyle Debit, a payment instrument which allows you to pay via a direct deduction of the cost for goods and services from your Banking Account at participating retail and service outlets. You are required to maintain a Banking Account with us, to be linked to your PB Visa/MasterCard/UnionPay Lifestyle Debit. If you close your Banking Account maintained with us, your PB Visa/MasterCard/UnionPay Lifestyle Debit will be automatically cancelled. 2. What are the fees and charges I have to pay? (i) Annual Fee x Generic/PB UnionPay Savings Account: RM8.00 x Basic Savings Account/Basic Current Account: Waived (subject to eight (8) ATM cash withdrawals and six (6) over-the-counter withdrawals per month*) *Note: Fee for exceeding the threshold will be RM1.00 per transaction. -
(Automated Teller Machine) and Debit Cards Is Rising. ATM Cards Have A
Consumer Decision Making Contest 2001-2002 Study Guide ATM/Debit Cards The popularity of ATM (automated teller machine) and debit cards is rising. ATM cards have a longer history than debit cards, but the National Consumers League estimates that two-thirds of American households are likely to have debit cards by the end of 2000. It is expected that debit cards will rival cash and checks as a form of payment. In the future, “smart cards” with embedded computer chips may replace ATM, debit and credit cards. Single-purpose smart cards can be used for one purpose, like making a phone call, or riding mass transit. The smart card keeps track of how much value is left on your card. Other smart cards have multiple functions - serve as an ATM card, a debit card, a credit card and an electronic cash card. While this Study Guide will not discuss smart cards, they are on the horizon. Future consumers who understand how to select and use ATM and debit cards will know how to evaluate the features and costs of smart cards. ATM and Debit Cards and How They Work Electronic banking transactions are now a part of the American landscape. ATM cards and debit cards play a major role in these transactions. While ATM cards allow us to withdraw cash to meet our needs, debit cards allow us to by-pass the use of cash in point-of-sale (POS) purchases. Debit cards can also be used to withdraw cash from ATM machines. Both types of plastic cards are tied to a basic transaction account, either a checking account or a savings account. -
ATM and Debit Card Safety Tips P1
ATM DEBIT CARD SAFETY TIPS Sensible Steps for: Personal Safety Account Security Identity Theft Protection ATM and Debit Card Safety and Security ith the banking convenience made possible with Automated Teller Machines WW (ATMs) and other Point of Sale terminals comes an increased need for security and personal caution. This includes protecting your ATM card number, Debit Card number, Personal Identication Number (PIN), and cash, and being aware of the condition of the machine and your surroundings. It’s no longer enough to take measures to protect your physical safety and your cash after a transaction at the ATM – now you must be aware of cameras and skimming devices that secretly record (steal) your bank account numbers and PIN numbers. Here are some other tips for safer transactions both Electronic and Personal: Electronic Safety Tips PROTECT YOUR CARD AND PIN Protect your ATM and debit cards as if they were cash. Report lost or stolen cards immediately. Don’t write your Personal Identication Number (PIN) on your card or give the number out to anyone, including friends and family, and do not reveal it to anyone over the phone. Avoid using numbers that are easily identied (birth date, phone number, etc.) with your personal identity. CONDUCT YOUR TRANSACTIONS PRIVATELY Use common courtesy at the ATM. Give people ahead of you space to conduct their transactions. When you use the ATM conduct your business quickly and eciently, make sure no one watches you key in your PIN number. Use your body and free hand to shield the ATM keypad during the transaction. -
ISO Focus, November 2008.Pdf
ISO Focus The Magazine of the International Organization for Standardization Volume 5, No. 11, November 2008, ISSN 1729-8709 e - s t a n d a rdiza tio n • Siemens on added value for standards users • New ISO 9000 video © ISO Focus, www.iso.org/isofocus Contents 1 Comment Elio Bianchi, Chair ISO/ITSIG and Operating Director, UNI, A new way of working 2 World Scene Highlights of events from around the world 3 ISO Scene Highlights of news and developments from ISO members 4 Guest View Markus J. Reigl, Head of Corporate Standardization at ISO Focus is published 11 times a year (single issue : July-August). Siemens AG It is available in English. 8 Main Focus Annual subscription 158 Swiss Francs Individual copies 16 Swiss Francs Publisher ISO Central Secretariat (International Organization for Standardization) 1, ch. de la Voie-Creuse CH-1211 Genève 20 Switzerland Telephone + 41 22 749 01 11 Fax + 41 22 733 34 30 E-mail [email protected] Web www.iso.org Manager : Roger Frost e-standardization Acting Editor : Maria Lazarte • The “ nuts and bolts” of ISO’s collaborative IT applications Assistant Editor : Janet Maillard • Strengthening IT expertise in developing countries Artwork : Pascal Krieger and • The ITSIG/XML authoring and metadata project Pierre Granier • Zooming in on the ISO Concept database ISO Update : Dominique Chevaux • In sight – Value-added information services Subscription enquiries : Sonia Rosas Friot • Connecting standards ISO Central Secretariat • Standards to go – A powerful format for mobile workers Telephone + 41 22 749 03 36 Fax + 41 22 749 09 47 • Re-engineering the ISO standards development process E-mail [email protected] • The language of content-creating communities • Bringing the virtual into the formal © ISO, 2008.