Automated Clearing Settlement System (ACSS) statistics
Payment items through the Automated Clearing Settlement System (ACSS)
Annual statistics (2015-2023)
Payment item | 2023 | 2022 | 2021 | 2020 | 2019 | 2018* | 2017 | 2016 | 2015 | |
---|---|---|---|---|---|---|---|---|---|---|
Cheques and paper items |
Volume |
313,340,640 | 336,087,496 | 354,070,262 | 383,034,454 | 467,054,748 | 510,833,402 | 553,244,377 | 599,371,256 | 658,084,133 |
Value ($000) | 2,645,695,599 | 2,866,554,466 | 2,951,034,975 | 2,522,197,149 | 2,868,976,753 | 2,947,829,946 | 3,039,748,141 | 2,986,314,735 | 3,035,540,453 | |
AFT debits | Volume | 1,084,261,095 | 1,043,550,343 | 1,012,746,276 | 965,372,927 | 958,027,552 | 913,806,887 | 866,743,770 | 820,667,492 | 785,411,039 |
Value ($000) | 1,382,207,190 | 1,245,536,419 | 1,090,139,710 | 909,490,751 | 876,277,750 | 816,113,583 | 746,717,137 | 693,570,051 | 674,284,957 | |
AFT credits | Volume | 1,237,596,437 | 1,158,534,482 | 1,138,887,577 | 1,077,608,821 | 1,015,246,068 | 972,194,809 | 931,687,018 | 907,561,585 | 871,283,602 |
Value ($000) | 4,427,924,202 | 4,028,169,606 | 3,634,608,752 | 3,137,248,808 | 2,868,365,422 | 2,666,996,234 | 2,519,143,774 | 2,308,666,885 | 2,164,687,472 | |
ABM transactions | Volume | 123,170,099 | 117,153,202 | 104,750,885 | 109,219,798 | 174,441,942 | 182,832,508 | 189,027,757 | 193,538,626 | 199,606,463 |
Value ($000) | 22,092,011 | 20,623,052 | 16,465,445 | 17,081,815 | 25,137,442 | 25,000,129 | 24,925,052 | 24,534,117 | 24,865,061 | |
POS debits and credits | Volume | 6,560,070,900 | 5,955,792,923 | 5,326,766,571 | 4,856,795,785 | 5,209,732,144 | 4,961,282,362 | 4,676,709,501 | 4,462,009,783 | 4,031,909,480 |
Value ($000) | 263,736,941 | 247,272,599 | 219,841,282 | 200,034,698 | 201,268,683 | 197,165,376 | 190,012,046 | 182,604,880 | 173,024,279 | |
EDI | Volume | 4,989,332 | 4,929,388 | 4,737,429 | 4,256,797 | 4,120,892 | 3,849,771 | 3,902,432 | 2,991,026 | 2,890,816 |
Value ($000) | 233,755,707 | 225,403,661 | 199,624,150 | 177,506,892 | 191,387,043 | 213,857,346 | 221,636,531 | 211,474,395 | 213,457,039 | |
Electronic remittances | Volume | 513,783,286 | 498,559,942 | 477,708,449 | 470,132,349 | 461,104,660 | 452,827,590 | 445,428,497 | 440,239,863 | 439,449,667 |
Value ($000) | 337,758,593 | 322,992,641 | 298,802,916 | 264,224,755 | 251,018,151 | 235,786,348 | 216,711,955 | 199,503,343 | 184,242,791 | |
Total volume | 9,837,211,789 | 9,114,607,776 | 8,419,667,449 | 7,866,420,931 | 8,289,728,006 | 7,997,627,329 | 7,666,743,352 | 7,426,379,631 | 6,988,635,200 | |
Total value ($000) | 9,313,170,242 | 8,956,552,444 | 8,410,517,230 | 7,227,784,868 | 7,282,431,248 | 7,102,748,962 | 6,958,894,639 | 6,606,668,406 | 6,470,102,052 |
* There was a methodological change in 2018
Notes
- 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.
- 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 bylaws, 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.
- 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: 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: Credit payment items exchanged in an Automated Funds Transfers File, such as direct deposit Items.
- AFT debits: Debit payment items exchanged in an Automated Funds Transfers File, such as pre-authorized debits.
- 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.
- 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.
- 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: 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.
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Data and insights
Canadian payment data for 2023
For details please see the 2024 Canadian Payment Methods and Trends (CPMT) report and view the accompanying fact sheet.
*Average transaction size