Our Systems and Rules

In 2020, Payments Canada’s systems cleared and settled over $107 trillion - more than $420 billion every business day. Transactions that pass through these systems include debit card payments, pre-authorized debits, direct deposits, bill payments, wire payments and cheques initiated and received by Canadians and Canadian businesses.

See below for the details from our Automated Clearing Settlement System (ACSS) and our Large Value Transfer System (LVTS).