We underpin the Canadian financial system and economy by owning and operating Canada’s payment clearing and settlement infrastructure, including associated retail and high-value systems, bylaws, rules, procedures and standards.
Retail batch payment system
Canada’s retail batch payment system is made of up of the Automated Clearing Settlement System (ACSS) and United States Bulk Exchange application (USBE).
High-value payment system - Lynx
Lynx is used by participating financial institutions to safely send wire payments on behalf of their customers, in Canadian dollars.
Real-Time Rail payment system
The Real-Time Rail (RTR) — Canada’s first national real-time payment system — will support faster (24/7/365), data-rich payments and act as a platform for payment innovation and competition.
System closure schedule
Payments Canada systems are operational on each day other than a Saturday or Sunday, with the exception of the following statutory holidays.