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A payment rail is a term used to describe a payment platform or a payment network that moves money from a payer to a payee. Either party could be a consumer or business, and both parties are able to move funds on the network. Credit card rails refer to the credit card payment system. Blockchain is considered a newer type of payment rail, as are centralized electronic payment systems such as PayPal and Venmo. If the transferred funds are available immediately, a payment rail is referred to as a real-time rail.
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- "Blockchain may finally disrupt payments from Micropayments to credit cards to SWIFT". dailyfintech.com. 2018-02-10. Retrieved 2018-09-26.
- "PayPal and Google bind payment rails". finextra.com. 2018-05-25. Retrieved 2018-09-26.
- "Canada's payments modernization effort chugs towards 'real time rail' by end of 2019". itworldcanada.com. 2018-09-18. Retrieved 2018-11-19.
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