Transactions are processed in real-time, with confirmation of payment delivered within 5 seconds and funds available to the recipient on the spot. The ability to route the payment through various options can provide security, by directly sending and receiving payments. For example, the ability to send directly to a bank account can use payment information already on-file for transactions.
Businesses can include invoice information, remittance details and send higher amounts compared to traditional Interac e-Transfer transactions.
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