to third parties may be done to make payments immediately in cases where
time is key, in contrast with Direct Crediting, where periodic payments
may be scheduled ahead of time. Advantages There is no risk involved, as
money is not physically moved from one place to another.
on the service offered by an entity, there is no need for the client to
go to the entity, so transactions may be done entirely from a computer.
in the case of the party sending the money and that of the recipient,
account balances may be checked immediately after the transaction.
have the backing from BCCR’s Systems of Payments Department, should they
need to file a claim for a service received or because funds were not
credited within the timeframe set by policy.