BankingBusiness

Scotiabank: Introduces real-time payments through Interac e-Transfer for Business

  • Scotiabank is the 1st financial institution in Canada to offer real-time payments for all business banking customers using flexible routing options
  • The ability to send and receive data-rich payments in real-time optimizes cash flow so businesses can put their money to work right away
  • Transactions processed in real-time, with confirmation of payment delivered within 5 seconds
  • Real-time payments also minimize the likelihood of late payments or allow a user to take advantage of early payment discounts
  • Interac e-Transfer for Business poised to do for business payments what Interac e-Transfer did for peer to peer transactions
  • Scotiabank business customers can now send and receive payments using a recipient’s account number or email address for added choice and flexibility
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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