Payments Canada

Payments Canada is responsible for Canada's payment clearing and settlement infrastructure, including associated systems, by-laws, rules and standards. It describes itself as a public purpose, non-profit organization fully funded by its members and operating under a Board of Directors. Its legislated mandate, set out in the Canadian Payments Act, includes establishing and operating national systems for the clearing and settlement of payments, facilitating interaction with related systems, and facilitating the development of new payment methods and technologies. Its systems cleared and settled $103 trillion in 2025, or $411 billion every business day.

Payments Canada states that it underpins the Canadian financial system and economy by owning and operating Canada's payment clearing and settlement infrastructure, including associated systems, by-laws, rules and standards. It describes itself as a public purpose, non-profit organization fully funded by its members and operating under a Board of Directors, with long-term strategic priorities outlined in its Corporate Plan. Its legislated mandate, as set out in the Canadian Payments Act, includes establishing and operating national systems for the clearing and settlement of payments and other arrangements for the making or exchange of payments; facilitating the interaction of its clearing and settlement systems and related arrangements with other systems involved in the exchange, clearing or settlement of payments; and facilitating the development of new payment methods and technologies. In fulfilling its mandate, it has the public policy objective of promoting the efficiency, safety and soundness of its clearing and settlement systems and taking into account the interests of users. It also maintains a database of all Corporate creditor identification numbers (CCINs) used in Canada, updated weekly to reflect additions, modifications and discontinuations submitted by participant financial institutions.

Public purpose, non-profit operator of Canada's national payment clearing and settlement infrastructure.

• Real-Time Rail payment system

  Listed among Payments Canada's payment systems.

• Retail batch payment system

  Listed among Payments Canada's payment systems.

• High-value payment system - Lynx

  Listed among Payments Canada's payment systems.

• Corporate creditor identification number database

  A database of all CCINs used in Canada, updated weekly to reflect additions, modifications and discontinuations submitted by participant financial institutions.

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3. 3Corporate creditor identification number database | Paymentspayments.ca
4. 4Newsroom | Paymentspayments.ca