Payments Solutions
Blanc Labs helps you create seamless payment experiences. We are experts at implementing Payments Canada (PayCan) Real Time Rails (RTR) standards.

Changing consumer expectations, alternative payment networks and increased focus on adopting the Real-time-Rails ISO 20022 standard are just a few factors that are compelling banks to upgrade their payments infrastructure. This poses a great opportunity for banks to build payment platforms that will stand the test of time. With our expertise in cloud enablement, AI and systems integration, we help banks modernize their payment platforms to be compliant, open, secure, and meet consumer needs.
Our Payments Capabilities
Payments Innovation
Payments strategy, consulting and execution that enables banks and payment providers to win today and in the future.

Strategy
We provide support in developing a clear vision, selecting technology, aligning projects, and fostering collaborations within third-parties in the ecosystem through the use of data-driven tools.
Roadmap
Our experts assist in laying out smart and agile IT paths to build the foundations for payments infrastructure.
Services
Based on the strategy and roadmap, our developers build, test and run modern payment services that result in revenue.
Payments Insights
How will the introduction of ISO 20022 affect payments?
The introduction of ISO 20022 will have significant implications for payments, especially in terms of standardization, enhanced data capabilities, and improved interoperability. ISO 20022 will replace various formats used in different countries and regions. With its adoption, payments will become more standardized globally, leading to increased efficiency and consistency in cross-border transactions. The new RTR standard will promote interoperability between financial systems, enabling smoother communication and integration between different payment platforms and institutions. This, in turn, will facilitate straight-through processing (STP), reducing manual intervention and operational costs while accelerating payment processing times. It will support real-time payment, allowing for faster and more secure payment processing. And finally, the additional data provided by ISO 20022 will enables improved fraud detection and risk management processes. Financial institutions will be able to use the enriched data to analyze and monitor transactions for suspicious activities, enhancing overall security and mitigating potential risks.
What is Payments as a Service (PaaS)?
Payments as a Service (PaaS) is a solution that allows businesses to outsource their entire payment processing infrastructure to a third-party distributor. It offers a comprehensive suite of payment-related services and tools, enabling businesses to accept various payment methods, process transactions securely, and manage payment-related tasks without the need to build and maintain their own payment systems. Third-party distributors integrate digital banking services directly into the products of other non-bank regulated businesses and fintechs.
What is the role of API management as it relates to Payments?
APIs are key components in providing a mechanism for controlled access to data and information within an organization, both internally and externally. Therefore, it is important to examine and validate any existing APIs that will be exposed to external parties to ensure their validity and security. As a start, the organization needs to inventory, review and catalogue the existing APIs. The next step is to determine the need for new APIs to introduce new services or capitalize on existing fintech offerings. API Management is key to the success of payment services as providing access to the relevant APIs potentially creates a new revenue stream for the financial institution.