Lessons from Canada’s struggles with faster payments
Mon, Jun 26, 2023 Canada’s Real-Time Rail, a payments system that was originally set to go live this month, has been delayed again as the body that runs Canada’s domestic payments networks pauses to perform a second review of the project’s risks. Payments Canada, which drives Canada’s domestic payments networks through a board of independent directors this month said the RTR’s rollout would be indefinitely delayed. The first delay was announced last fall, leading to a three-month review of RTR’s operations plan and risks. RTR is a 24-hour instant payments network that’s been in development for years, enabling Canadians to … Continue reading Lessons from Canada’s struggles with faster payments
