Accelerating Digital Prosperity through Real-time Payments

Exactly a year ago, we announced that Dream Payments launched Interac e-Transfer for Business payouts for our enterprise clients and software platform customers across Canada.

Zurich Canada was the first insurer live on it, using our DreamPay platform to deliver digital claims payments faster, with funds reaching claimants in minutes instead of waiting for a cheque in the mail days or weeks later.

That matters. People file claims on some of their worst days. Getting money to them faster removes stress exactly when they need it most.

That is the work we love most about this business, and watching it go live was one of the proudest moments we have had as a fintech company.

Our CEO's recent conversation with Richard Mills on Interac’s Faster Forward series just went live, and the timing is perfect. We are a year in, and there is a lot worth reflecting on.

Read the full summary & listen to the conversation HERE.

Dream Payments is one of the few fintech teams to have helped launch faster payment services in both Canada and the U.S. We deliver Interac e-Transfer for Business payouts in Canada, and we power B2B and B2C real time payment services using the RTP network in the U.S.

Powering faster payments in both markets gives you a unique point of view. Canada has much to be proud of: bank reach, brand trust, near real time money movement, and fraud monitoring running underneath the network. That combination is harder to build than people realize, and the coming Real Time Rail is going to make it even stronger.

Two things from the conversation with Richard have stayed with us:

1. Most businesses have accepted too much friction as normal.

Downloading CSVs, marking invoices paid by hand, reconciling line by line, and chasing payment status. That is not how payments have to work. It is a tax most companies should not have to endure.

2. Embedded payments are becoming one of the most strategic pieces of software a business can own.

The companies that win the next decade will not just be the ones with the cheapest rails. They will be the ones that embed faster money movement directly into the workflow where the actual work happens.

Big shoutout to Jeremy Wilmot, Debbie Gamble, Richard Mills, Interac Corp., and J.P. Morgan, for the role they are all playing in moving Canada’s payments and innovation economy forward...faster.

This is the kind of financial infrastructure work that does not always get loud applause, but helps fintechs like Dream Payments serve Canadians with the faster payment experiences they deserve.

If you are an executive or finance leader at a Canadian business or software platform thinking about how money should move through your company, drop us a line and let’s talk.