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Lessons from Canada s struggles with faster payments

Lessons from Canada s struggles with faster payments
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Payments Canada further delays real-time payment launch

Payments Canada is to conduct a second review of its proposed Real-Time Rail (RTR) payments system, pushing the delivery deadline for the troubled project further into the future.

Canada s real-time payments system s launch delayed

The launch of Canada's Real-Time Rail (RTR) payments system has been pushed back from the middle of next year to an as yet undetermined date.

FinTech startups frustrated with glacial pace of Canada s open banking consultations

FinTech startups frustrated with glacial pace of Canada’s open banking consultations Sue Britton was feeling “super optimistic” when the Advisory Committee on Open Banking sent out a package for phase-two consultation participants with an outline of the workshops it wanted to hold and its recommendations for an eventual framework. “It was very exciting to see such a focus on both the consumer and the small business and innovation,” she said. “To see the purpose was to not only protect the consumers but give them access to innovative products in a safe way, I thought that was super exciting.” Roughly four months and one federal budget later, there’s a big asterisk to her optimism.

Payments Canada selects Interac as the exchange solution provider for the Real-Time Rail payments system

Payments Canada selects Interac as the exchange solution provider for the Real-Time Rail payments system
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