The Real-Time Rail
Canada's fastest payment system
The Real-Time Rail is Canada’s first real-time payment system that supports instant, data-rich payments
Real-time payments will transform Canada’s economy, giving businesses and consumers more transparency and access to their payments any day, any time. The Real-Time Rail will enable this transformation while ensuring transactions are safe and secure.
A smarter way to pay and get paid, instantly
Find out how Canada's Real-Time Rail payment system gives you more control over your finances and allows Canadian business to compete more effectively and efficiently.
MEETING THE NEEDS OF CANADIANS
The development of new payment systems like the Real-Time Rail demonstrate Payments Canada’s commitment to its legislated mandate to establish and operate national systems for the clearing and settlement of payments and facilitate the development of new, safe and secure payment methods and technologies.
Q4 2023 Delivery Roadmap update
As the fourth quarter of 2023 is quickly coming to a close, I’m pleased to share that so far this year, the Automated Clearing Settlement System (ACSS) and Lynx have cleared and settled over 9.1 billi...
Q3 2023 Delivery Roadmap update
A key priority for Payments Canada during the third quarter of 2023 was continued advocacy for changes to the Canadian Payments Act. Payments Canada submitted a response to the House of Commons...
Payments Canada update on Real-Time Rail (RTR)
Payments Canada, its regulators and member financial institutions remain fully committed to delivering a safe, secure and efficient real-time payment system for Canada.
The PayPod - Episode 20: Faster payments are only part of the real-time payments story
When we hear about real-time payments the first thing we think of is speed. But when it comes to the Real-Time-Rail (RTR), faster payments are only part of the story. In this episode, host Cyrielle...
ISO 20022 messages for the Real-Time Rail now available
ISO 20022 messages for the Real-Time Rail (RTR), Canada’s new real-time payment system coming in mid-2023, are now available on Payments Canada’s ISO 20022 Resource Centre. These specifications will...
Public Services and Procurement Canada examines the benefits of a real-time rail for the Government of Canada’s payment processes
In this case study, Public Services and Procurement Canada examines the benefits of payment modernization and data-rich payments for the Receiver General for Canada. By adopting the ISO 20022...