Statistics

Payment items through the Automated Clearing Settlement System (ACSS)

Annual statistics (2012-2016)

Payment item   2016 2015 2014 2013 2012
Cheques and paper items

Volume

599,371,256 658,084,133 715,259,219 769,336,925 814,767,640
Value ($000) 2,986,314,735 3,035,540,453 2,989,156,268 2,947,635,110 3,002,265,777
AFT debits Volume 820,667,492 785,411,039 756,681,899 722,821,715 694,139,761
Value ($000) 693,570,051 674,284,957 639,870,265 609,020,724 572,963,268
AFT credits Volume 907,561,585 871,283,602 818,512,095 789,391,380 715,248,333
 Value ($000) 2,308,666,885 2,164,687,472 2,041,272,542 1,894,658,340 1,712,747,836
ABM transactions Volume 193,538,626 199,606,463 208,702,562 218,731,535 227,609,866
Value ($000) 24,534,117 24,865,061 25,293,026 25,654,455 26,435,402
POS debits and credits Volume 4,462,009,783 4,031,909,480 3,839,154,046 3,805,392,430 3,642,045,246
Value ($000) 182,604,880 173,024,279 169,441,667 169,391,911 162,672,132
EDI Volume 2,991,026 2,890,816 2,870,131 2,780,573 2,751,808
Value ($000) 211,474,395 213,457,039 204,867,909 185,485,294 179,251,294
Electronic remittances Volume 440,239,863 439,449,667 435,192,140 427,123,966 409,406,927
Value ($000) 199,503,343 184,242,791 163,748,561 151,579,811 141,650,206
 Total volume   7,426,379,631 6,988,635,200 6,776,372,089 6,735,578,524 6,505,969,581
 Total value ($000)   6,606,668,406 6,470,102,052 6,233,650,238 5,983,425,645 5,797,985,915

Notes:

  1. These statistics are accumulated through the ACSS reporting system. The direct clearers are responsible for entering the volumes and values of payment items into their categories.
  2. All references to the volume of payment items on this page are based on the number of items delivered through the clearing system. For official purposes under our By-Laws, such as the calculation of members' dues, voting rights and direct clearer criteria, the total volume of payment items includes both items delivered and received through the clearing system.
  3. For all payment types mentioned, figures include only those items which are exchanged between directly clearing financial institutions through the ACSS. With respect to paper items for example, a cheque drawn on one financial institution, and deposited to a different account within that same institution (i.e., an on-us item) does not require settlement and therefore does not pass through the clearings.

Payment items:

Cheques and paper items (Cheques, Unqualified, Computer Rejects, Paper Remittances, Government Items (paper), Image Paper Items, Image Paper Returns)

  • Cheques: Paper-initiated payment items of value up to $25 million. These are mostly cheques, but also include items such as travellers' cheques, gift certificates and money orders. (Note: starting in 2014 the ACSS no longer distinguishes paper items based on their value).
  • Unqualified: Paper payment items which are not encoded with Magnetic Ink Character Recognition (MICR). These include unencoded items such as counter cheques, as well as damaged items that cannot be processed automatically with readers or sorters.
  • Computer Rejects: MICR-encoded paper items rejected when passing through readers or sorters. A MICR-encoded cheque will be rejected, for example, if there is a flaw or tear in the MICR line, or a pen stroke through it.
  • Paper Remittances: Payment items accompanied by a paper remittance (or bill stub), that is MICR-encoded with a CCIN, for credit to a business, generally initiated via an ABM or FI branch.
  • Government Items (paper): Government of Canada-issued paper instruments which include government cheques, redeemed bonds, treasury bills, and coupons.
  • Imaged Paper Items: Paper-based items exchanged electronically as images. The types of paper-based items that may be exchanged through this stream include: cheques, travellers' cheques, gift certificates and money orders.
  • Image Paper Returns: Paper items returned between financial institutions via electronic images.

AFT Credits

  • AFT Credits: Credit payment items exchanged in an Automated Funds Transfers File, such as Direct Deposit Items.

AFT Debits

  • AFT Debits: Debit Payment Items exchanged in an Automated Funds Transfers File, such as Pre-Authorized Debits.

POS Debits and Credits: POS Debits, POS Credits, Online Debits, Online Credits

  • POS Debits and Credits: Debits or credit payments initiated in physical point-of-service environments using debit cards.
  • Online Debits and Credits: Debit or credit payments initiated in online point-of-service environments, in accordance with CPA Rule E2.

ABM Transactions: Shared ABM Networks, ABM Adjustments

  • Shared ABM Networks: ABM cash withdrawals, in which cardholders use ABM machines not directly owned or associated with the cardholder's bank or financial institution.
  • ABM Adjustments: Corrections of errors occurring within the Shared ABM Network stream of transactions.

EDI

  • Electronic Data Interchange (EDI): Business-to-business electronic direct credits that are typically integrated with businesses' inventory management systems. EDI is often used by large businesses to process invoices and payments in an automated fashion and share large amounts of related data with suppliers and partners.

Electronic remittances

  • Electronic remittances: Bill payments involving businesses that have Corporate Creditor Identification Numbers (CCIN). CCIN enables efficient batch payment exchanges of bill payments between FIs and efficient communication of remittance information through EDI file standards. Most electronic remittances are initiated by Payors through their use of online banking bill payment services.