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… This article was originally published in The Central Bank Payments News on March 25, 2026. By: Donna Kinoshita, … Real-Time Rail will provide opportunity with every transaction For decades, the systems that facilitate the movement … shifts is the government’s advancement of consumer-driven banking (commonly referred to as open banking). Combining …
… service providers (PSPs), who are now supervised under the Bank of Canada's Retail Payments Activities Act (RPAA) and eligible for Payments Canada … finalizing the RTR rules, which will be submitted to the Bank of Canada before year end. The 14 Rules form part of …
… payment systems as set out in the Canadian Payments Act . Payments Canada membership is categorized into two … — or eligible — members. Mandatory members are the Bank of Canada and all chartered banks operating in Canada. Non-mandatory members are trust … that has a settlement or clearing account with the Bank of Canada and is authorized to access and participate …
… financial institution members are Susan Hawkins of TD Bank, who brings deep experience in modern payments, and Rob Paterson, of CS Alterna Bank, whose proficiency in emerging payment and mobile … independence requirements, are set by the Canadian Payments Act , its regulations and Payments Canada’s guidelines. …