A digital representation of the front and back of a payment item.

Image printout

Any paper output of an Image, created by a CPA member.

Indirect participant

An entity that cannot meet the applicable eligibility criteria or for business reasons accesses the core payment system through an agency agreement (i.e., sponsorship) with a direct participant

Institution number

A three digit number, assigned by Payments Canada, which can be used on payment items to identify a member financial institution or other institution listed in Appendix I of Rule D4.


Ability for payments to be processed (exchanged, cleared and settled) across multiple systems or jurisdictions (e.g., cross-border) without manual assistance; generally facilitated by adoption of common standards and/or technical compatibility


Know Your Customer. It involves the process of verifying the identity of clients, mainly to detect the use of money for illicit activities.