Definitions for "Canadian Payments Association"
A financial network established in 1980 to operate a national clearing and settlement system.
An association that operates a national clearing system for financial institution payments. This association is comprised of several financial institutions in conjuntion with the Bank of Canada. Click here to visit website.
This association operates a highly automated national clearing system for interbank payments which reduces costs and increases the efficiency of the clearing system in Canada. Members include chartered banks, trust and loan companies and some credit unions.