Payments Canada outlined a session on existing money transfer options and the upcoming Real-Time Rail, focusing on their operational, regulatory and strategic implications.
Policy & regulationGuidance & interpretationPayments and payment systemsMarket infrastructureCross-border payments
Payments Canada outlined a session examining prepaid cards, Visa Direct, Mastercard Send, Interac e-Transfer and the upcoming Real-Time Rail, with a focus on their operational, regulatory and strategic implications for organizations navigating Canada’s expanding payments ecosystem.
Payments Canada discusses how overlay services, including QR codes and request-for-payment messages, could provide user-facing access to the forthcoming Real-Time Rail. The discussion covers commercial opportunities, risks and potential business-focused services for Canadian financial institutions.
Payments Canada outlined federal plans to implement consumer-driven banking and issue draft bank anti-fraud regulations in the coming weeks. The forthcoming Real-Time Rail will support consumer-directed actions and include fraud capabilities at launch. Stablecoin consultations will address issuer insolvency protections and potential regulatory…