1. Home
  2. Systems & services
  3. Payment systems

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.

 

alt=""

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
alt=""

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
fast moving blur of a roadway with sun coming from the left

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
Hands at computer

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
switchback image

Modernizing the Canadian payment systems

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

Learn more

The 2024 Payments Canada SUMMIT

Coming to Toronto from May 29 to 31 at the Beanfield Centre, The 2024 SUMMIT will bring together the best of the payment ecosystem from across Canada and around the world. As Canada’s premier payment event, The SUMMIT is the place to learn about, discuss and debate the future of payments with the industry’s thought-leaders, visionaries and innovators.

Learn more