# Payment systems



We underpin the Canadian financial system and economy by owning and operating Canada’s payment clearing and settlement infrastructure, including associated retail and high-value systems, bylaws, rules, procedures and standards.



 [ ![fast moving blur of a roadway with sun coming from the left](/sites/default/files/styles/card_image_small/public/2024-03/RTR_Billboard_2024.png?h=10d202d3&itok=zZlG8B_M)

### Real-Time Rail payment system



The Real-Time Rail (RTR) — Canada’s first national real-time payment system — will support faster (24/7/365), data-rich payments and act as a platform for payment innovation and competition.



Learn more

 ](https://www.payments.ca/systems-services/payment-systems/real-time-rail-payment-system)

 [ ![Payment being made at a retail location](/sites/default/files/styles/card_image_small/public/2025-09/Payments1.png?h=10d202d3&itok=qbssZD5W)

### Retail batch payment system



Canada’s retail batch payment system is made of up of the Automated Clearing Settlement System (ACSS) and United States Bulk Exchange application (USBE).



Learn more

 ](https://www.payments.ca/systems-services/payment-systems/retail-batch-payment-system)

 [ ![alt=""](/sites/default/files/styles/card_image_small/public/2022-11/Lynx_System_City_Connections.jpg?h=b688e7d0&itok=Uj81Q6pK)

### High-value payment system - Lynx



Lynx is used by participating financial institutions to safely send wire payments on behalf of their customers, in Canadian dollars.



Learn more

 ](https://www.payments.ca/systems-services/payment-systems/high-value-payment-system-lynx)

 [ ![Brilliantly lit multicoloured exterior of office buildings](/sites/default/files/styles/card_image_small/public/2025-05/CorporateAnnouncement.png?h=10d202d3&itok=Z5SqD9fm)

### Payments Canada fees



In addition to an annual fee, member participants on Payments Canada systems are charged for transactions on those systems.



Learn more

 ](https://www.payments.ca/systems-services/payment-systems/payments-canada-fees)

 [ ![Hands at computer](/sites/default/files/styles/card_image_small/public/2022-08/System_ClosureSchedule.jpg?h=7cca18c0&itok=a6Vllg_n)

### System closure schedule



Payments Canada systems are operational from Monday to Friday, with the exception of statutory holidays, visit the system closure schedule for details.



Learn more

 ](https://www.payments.ca/system-closure-schedule)

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### Modernizing the Canadian payment systems



Payments Canada is leading a multi-year, multi-phase initiative to modernize Canada’s payment systems.



Learn more

 ](https://www.payments.ca/insights/modernization)