Payments Canada

Payments Canada
Canadian Payments Association
Agency overview
Formed1980 (1980)
Minister responsible
Agency executives
  • Garry Foster, board chair
  • Susan Hawkins, president and CEO
Parent departmentsDepartment of Finance
Bank of Canada
Key documents
Websitehttps://payments.ca

Canadian Payments Association, carrying on business under the brand name Payments Canada, is an organization that operates a payment clearing and settlement system in Canada. The Canadian Payments Association was established by the Canadian Payments Act in 1980. Among other responsibilities, it regulates and maintains directories of bank routing numbers in Canada.

In 2023, Payments Canada systems cleared and settled $112 trillion or $450 billion every business day.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.