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Case Study 6: Public Services and Procurement Canada examines the benefits of a Real-Time Rail for the Government of Canada's payment processes
… and Procurement Canada examines the benefits of a Real-Time Rail for the Government of Canada's payment processes …
… Lee: Thanks for having us. Liz Dempsey: This is the first time we have two Liz’s on the podcast. I'll do my best to … get halts in the payment processing, it stops the payments time, it decreases the speed of the payment messaging. So … that we have domestic priorities as market infrastructures, regional priorities as market infrastructures, but also …
… In Real Time Gross Systems, each payment is settled individually as …
… customers for both online and in-store purchases in many regions around the world. More and more consumers globally … It; and PayPlan by RBC, which offers consumers a pay-over-time option for big-ticket purchases at online retailers … layaway and credit cards. A layaway program is a “pay-over-time service offered by a merchant that allows a consumer to …
… for your contactless payment was going to also save you time as a shopper and reduce the friction during the … by the pandemic with an overall desire to spend less time in a physical store and have less interaction within a … and neither ends up pushed too far out of their comfort zone. Marilyn Schaffer: Well you know, there's an 80-20 …
… we have today. Digital ID has been a buzzword for some time now. I've been reading it in the media a lot, and some … they deliver you really wonderful produce, and that happens time and time again, you're likely to go back and use that … path that we're taking in Canada. And we have seen other regions around the world to a degree, around New Zealand and …
… in Canada has adapted to increased demand for real-time rail and the role infrastructure innovation will play … part of this initiative is the introduction of a new real-time payment system, which is the first of its kind in … the sender and receiver's banks within 60 seconds at any time. With this capability, Canadians can expect a platform …
… or among counterparties on a net basis at some later time. … DNS …
… between participating financial institutions in real-time with finality of payment and settlement. … Lynx …
… The real-time movement of money enabled by the RTR will give … Canada, and I'll be introducing today's topic, the Real-Time Rail (RTR), a team Canada approach to delivery and … how we’ll collectively work together to deliver the real-time settlement of payments and what that means for the …