Regulatory Alerts2020-01-01
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Retail Payments Jamaica Limited ACH Rules Section E Electronic Items July 2020
Retail Payments Jamaica Limited issued the July 2020 amended rules for Section E of its Automated Clearing House framework, which governs electronic payment items. The document establishes comprehensive operational standards including a glossary of terms, origination prerequisites, warranties, and settlement accountability for participating financial institutions. It further details specific procedures for entry receipt, returns, recalls, and cheque truncation to ensure compliance with national clearing house standards.
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