The flagship real-time payment system in the U.S., The Clearing House’s RTP® network, reaches 65% of all demand deposit accounts in the country, according to The Clearing House, and any depository institution can connect to the RTP network through more than 20 technology providers. Experts...
In today’s top payments news around the world, Payments Canada will work with Interac Corp. to function as the exchange service provider for the country’s Real-Time Rail (RTR), while economists are convinced that a double-dip economic recession is ahead for the eurozone. Plus, a new...
Following a selection process that included the Bank of Canada, Payments Canada will partner with Interac Corp. to serve as the exchange solution provider for the country’s Real-Time Rail (RTR). Expected to be introduced next year, the RTR will be operated by Payments Canada and...
In today’s top payments news around the world, Visa is rolling out a new program meant to link European financial institutions (FIs) and merchants with cutting-edge digital payment offerings, Payments Canada is teaming with Mastercard’s Vocalink to advance a new Real-Time Rail (RTR) payment system....
March 19, 2019
Is there a hotter topic — a buzzier buzzword, one might term it — than cashless? Ours is swiftly becoming the age of digital payments, push payments and instant payments, done by bits and bytes rather than through the conduits of coins and bills. The stats show that cash use is declining, but a decline […]
February 12, 2018
It took a while but the new Interac debuted earlier this month, bringing together two companies and disparate functions across payments, from transactions to R&D. Interac CEO Mark O’Connell lays...
February 07, 2024
Payments Canada, the public purpose organization responsible for owning and operating Canada’s payment systems, is undergoing a leadership transition. Tracey Black, the president and CEO, has decided not to renew her term, the organization said in a Wednesday (Feb. 7) press release. Black, who has been instrumental in leading major payment modernization initiatives since joining Payments […]
March 02, 2021
Following a selection process that included the Bank of Canada, Payments Canada will partner with Interac Corp. to serve as the exchange solution provider for the country’s Real-Time Rail (RTR)....
November 12, 2020
Payments Canada is teaming up with Mastercard’s Vocalink for clearing and settlement for the country’s new real-time payments system, the Real-Time Rail (RTR). Delegated by the Canadian Government, Payments Canada...
December 16, 2019
The Payments Canada Board of Directors has announced the appointment of Tracey Black as new president and CEO, replacing Gerry Gaetz. Black will take over the job starting on March...
