The collaboration between Royal Bank of Canada (RBC) and the Toronto Regional Real Estate Board (TRREB) aims to help brokerages make fast, seamless and secure payments with RBCPayEdge an innovative payment platform that simplifies and automates the accounts payable process, that may create significant time and cost savings for users. TRREB members using RBCPayEdge can now transform a manually intensive and predominantly cheque-reliant payables process into a fully digital one by streamlining transactions and combining multiple funding sources from any Canadian bank account to expedite real estate commission payments. Members can also integrate RBCPayEdge with most accounting and enterprise resource planning software to pay invoices, easily reconcile payment information and payment workflows.

With RBC PayEdge, brokers and real estate professionals will benefit from the shift to digital payments, eliminating the administrative burden or delays from physically issuing and writing cheques, while providing a traceable record of their electronic transactions. The collaboration with TRREB is one of the many ways RBC is helping clients digitize their payment processes. With access to holistic solutions and advice, RBC is enabling business clients to simplify their operations, and save time and money, whether it's integrating modernized e-commerce services and payment solutions with Moneris or providing real-time customer insights and market trends to help clients find their next growth opportunity with RBC Insight Edge.

RBC PayEdge is now available to TRREB members looking to digitally transform their accounts payable process and automate commission payments. As members of TRREB, real estate professionals also benefit from access to exclusive pricing.