Rules & documentation

By-laws, rules, standards and procedure documents are integral parts of the legal framework of the national payment systems that Payments Canada is legislated to establish and operate. They lay out the roles, responsibilities and obligations of our member financial institutions on the appropriate handling of payment items exchanged, cleared and settled via our payment systems. This includes requirements for participation in a payment system or scheme, procedures for the processing of payment items, and the requirements and timeframes for returning payment items, where eligible.

Payments Canada’s rules, standards and procedure documents are updated regularly and versions posted online are in force. You can contact Payments Canada for confirmation by e-mail at info@payments.ca.

Item Title Updated System
Rule G7
Verification and Collection Procedures for Receiver General Warrants
Retail batch payment system
Rule K8
U.S. Dollar Automated Funds Transfer System
Retail batch payment system
Rule K5
U.S. Bulk Exchange System - Manual Balancing and Settlement
Retail batch payment system
Rule K4
U.S. Bulk Exchange Automated System
Retail batch payment system
Rule B10
Tracing, Clearing Errors and Use of Photocopies
Retail batch payment system
Rule E1
Shared Electronic Point-of-Service Payment Items
Retail batch payment system
Rule G3
Rules Pertaining to the Redemption and Settlement of Government of Canada Paper Instruments
Retail batch payment system
Rule H6
Rules Pertaining to the Inter Financial Institution Exchange of Bill Payment Remittances for the Purpose of Clearing and Settlement
Retail batch payment system
Rule E3
Rules Applicable to Electronic Data Interchange (EDI) Transactions
Retail batch payment system
Rule F4
Rules applicable to Automated Funds Transfer (AFT) Transactions using ISO 20022 messages
Retail batch payment system
Rule F1
Rules applicable to Automated Funds Transfer (AFT) Transactions
Retail batch payment system
Rule A4
Returned and Redirected Items
Retail batch payment system

The 2024 Payments Canada SUMMIT

Coming to Toronto from May 29 to 31 at the Beanfield Centre, The 2024 SUMMIT will bring together the best of the payment ecosystem from across Canada and around the world. As Canada’s premier payment event, The SUMMIT is the place to learn about, discuss and debate the future of payments with the industry’s thought-leaders, visionaries and innovators.

Learn more