Payments Canada Undergoes Leadership Change Amid Slow Shift to Faster Payments

Payments Canada Undergoes Leadership Change Amid Slow Shift to Faster Payments
A woman uses her phone to pay for her coffee at a Starbucks in Mississauga, Ont., on Dec. 19, 2015. The Canadian Press/Hannah Yoon
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Trains aren’t the only place Canada lags on high-speed rail, as the effort to bring in a faster payment system, known as the Real-Time Rail, is years behind schedule.

As an example, if you paid a bill online on the March 28 evening before the Easter long weekend, the payment might not be processed until April 1.