Central Banking

Vocalink to provide Canada’s real-time payments infrastructure

shutterstock-163502138-online-payment

UK-based payments firm Vocalink has won a contract to provide real-time payments infrastructure for Canada’s ongoing retail payments overhaul.

The firm, owned by Mastercard since 2016, will provide the clearing and settlement infrastructure, as well as related services, Payments Canada said in a statement.

The new system, known as “real-time rail” (RTR), will be operated by Payments Canada and regulated by the Bank of Canada. The central bank will continue to operate its large-value transfer

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: