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… payments, which, when coupled with an open, real-time payments platform, could give consumers and merchants a wider range of attractive payment options — including some that could be … there’s always the risk of the principal-agent problem materializing, if it hasn’t already. … Competition …
… that most modernization initiatives involved: Adding a new real-time retail system, not necessarily accompanied by real-time settlement Building new or enhancing batch retail …
… The challenge remains that the upcoming payment system Real-Time Rail has been delayed and many of these benefits can only be realized for Canadians once this system is operational. In … will present. Things like instantaneous wage disbursement, real-time cross border payments and more. Aside from direct …
… the full potential of the enriched data format will only be realized by enabling our upstream and downstream business … the various payment channels (e.g. wires, bulk payments, real-time payments) to create a seamless payment experience … a payment ecosystem with greater transparency, near real-time fulfillment, ease-of-use, cross-border convenience …
… Government The Real-Time Rail allows governments to send and receive … smarter, faster and more efficient … Serving the public in real-time Facilitating real-time payments allows governments of all levels to serve …
… to satisfy customer demand and streamline processes. The Real-Time Rail improves liquidity and efficiency for businesses of all sizes. … Business in real-time Canadian businesses need access to fast, low-cost and efficient payment methods. The Real-Time Rail processes funds instantly and with more data, …
… Consumers The Real-Time Rail gives Canadians more predictability and control over their money. … Pay and get paid in real-time The Real-Time Rail allows Canadians to access more instant …
… a new high-value payment system, Lynx , in 2021 and a real-time payment system, the Real-Time Rail (RTR) , in 2022. …