Jan 16
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How does your Hydro bill actually get paid? Today we go behind the scenes of the real Canadian banking rails — Central 1, ACSS, ISO 20022, prefunding, clearing, settlement, and the hidden pipelines no bank ever explains. In this video, I break down the exact flow your bill payment follows: 🔵 The Real Behind-the-Scenes Flow What happens when you press “Pay Bill” Why small banks use Central 1 How ACSS clears your AFT payments Where Bank of Canada enters the picture Why ISO 20022 (pain.001 + pain.002) matters How banks maintain a prefunded settlement balance Why your payment shows “Pending” today and “Posted” tomorrow How Hydro/City/Alectra get their money on the other side This is the banking flow nobody explains, but every digital bank must implement. If you enjoy real-world banking engineering and want to build your own digital bank (Open Banking, FDX APIs, microservices, Kafka, Spring Boot, ISO 20022)… Subscribe and follow the series. #BankPayments #ISO20022 #ACSS #Central1 #Fintech #FDX #OpenBanking #SpringBoot #Kafka #DigitalBanking #PaymentsCanada #SoftwareEngineering #FintechEducation #payments #paymentsolutions #paymentsystem #springbootmicroservices #springboot