Real-time payments

Technology is moving forward at a pace that could push real-time payments into new settings in the near future, with several countries already using systems that could become models for the U.S.

Until regulatory reforms are introduced, nonbanks won’t have direct access to Payments Canada's Real-Time Rail, a situation that risks stifling innovation.

Slow settlement on traditional rails can cause dangerous delays in moving funds, says AppBrilliance's C. Eric Smith.

Early Warning's person-to-person payment network predicts that real-time settlement through The Clearing House's RTP network will enhance its appeal.

Early Warning's person-to-person payment network predicts that real-time settlement through The Clearing House's RTP network will enhance its appeal.

Kate Fitzgerald, senior editor at PaymentsSource, talks to Barry Baird, head of payments capability and delivery at TD Bank, about how technology has transformed the way people make P2P payments and handle other day-to-day interactions with the bank.

Instant payouts for gig workers have been gaining traction globally for the last five years, but Canada lacked many options until COVID-19 struck.

The central bank aims to roll out FedNow sometime in 2023, which is more optimistic than its previous timetable. The official leading the project noted progress in developing the infrastructure and its compatibility with private-sector solutions.

The card network is testing two artificial intelligence-powered programs that it says give banks some of the benefits of faster payments without requiring the immediate movement of funds.

The card network is testing two artificial intelligence-powered programs that it says give banks some of the benefits of faster payments without requiring the immediate movement of funds.