The business case for overlays - building value on the Real-Time Rail

The launch of the Real-Time Rail (RTR) is on the horizon. The use cases are well known. We know how settlement and funding works. But the question remains, how will consumers or businesses initiate a payment transaction that rides on this new rail?  What will the user experience layer look like? What is possible? The answer is overlay services!  This conversation explores the commercialization of overlay services that will provide real-time payment capabilities to end users; built around such highly anticipated functionality as QR codes and request-for-payment messages. Examine the business opportunities and the risks associated with these capabilities and how they have been addressed by other regions where there has been explosive growth in A2A. Industry leaders will discuss how Canadian institutions can differentiate beyond the rail by targeting business use cases and developing new revenue-generating real-time payment services.Speakers:Michael Liberty, Vice-President, Global Money Operations at CIBCAbraham Tachjian, Chief Regulatory Affairs Officer at Brim FinancialModerator: David Hooper, Vice-President, Banking & Payments at CGIAbout The PayPodThe PayPod is Payments Canada’s multi-episode podcast that explores the trends and topics influencing payments in Canada and around the world.In each episode, leading experts and respected thought leaders discuss the changing payment landscape, the needs of Canadians and the future of modern payments.Connect with Payments CanadaVisit our website: Explore payment research, news system updates and insights at payments.ca.Join the conversation: Follow Payments Canada and The SUMMIT, Canada’s annual premier payment event on LinkedIn. Subscribe: Never miss an episode by subscribing to The PayPod on your Apple Podcasts and Spotify.