Powered by its API platform, DCBank enables corporate clients to clear and settle payments around the clock

Digital Commerce Bank (DCBank), a Schedule I Canadian chartered bank, today announced it is live at launch of Canada's Real-Time Rail (RTR), the new national payment system that lets financial institutions, credit unions and payment service providers exchange, clear and settle payments in real time, 24 hours a day, seven days a week, with mandatory fraud mitigation and increased transaction transparency from day one.

DCBank lets corporate clients process payments on the RTR from launch day. Clients connect to the RTR through DCBank's existing API-based banking and payments platform without having to build the infrastructure required to connect directly.

“Going live at launch shows our commitment to payments and to building the infrastructure our clients depend on to innovate and grow,” said Jeff Smith, CEO of DCBank. “The RTR is the newest piece of a platform we’ve been building for nearly 20 years, alongside card issuing, BIN sponsorship and payment APIs connecting all major rails in Canada. Our clients come to us to launch payment products they couldn’t build on their own, and from today those products can settle in real time. Payments Canada and its delivery partners spent years getting the rail ready, and we’re glad to be live alongside them.”

DCBank's RTR payment processing runs on the same API-based banking and payment infrastructure its clients already use to bring payment products to market. RTR payments through DCBank pass through Payments Canada's mandatory centralized fraud services, including confirmation of payee on applicable consumer payments, and DCBank's own fraud controls.

“The launch of Canada’s Real-Time Rail marks the beginning of an exciting journey toward a more dynamic, resilient and competitive economy,” says Donna Kinoshita, Chief Payments Officer at Payments Canada. “By connecting to this critical national payment infrastructure, DCBank will enable its customers to move money in real time, 24/7/365, with speed, certainty and fraud mitigation. This is a start line, not a finish line, as we collectively drive economic growth and unlock new possibilities for businesses and consumers across the country.”

About DCBank: DCBank provides everyday corporate and business banking combined with best-in-class API developer tools to enable customers to launch and integrate better products faster. Whether you're a financial services provider or a fintech innovator, our tech-driven products are designed to elevate your business with modern solutions. In a world of evolving payment needs, DCBank is your innovation partner. Our versatile platform and cutting-edge payments technology keep you ahead of the curve, empowering you to offer the latest in payment options.

Founded in 2007, our enterprise-grade payment and banking technology outpaces traditional financial services in speed and transparency while providing high availability. Our customers leverage our tech-forward solutions to access advanced payment technology, facilitate instant transactions, add new revenue streams, reduce costs by increasing automation and efficiency, and connect with new audiences.

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