Subscribe to Posts
Posts





  • December 12, 2023

    Case scenarios about affiliated entities

    The following fictional case scenarios illustrate what may be considered an affiliated entity, as defined in the Retail Payment Activities Act.
  • December 12, 2023

    Case scenarios about geographic scope

    The following fictional case scenarios provide examples of how to apply the geographic scope criteria under the Retail Payment Activities Act when a foreign payment service provider is involved.
  • December 12, 2023

    Case scenarios about payment accounting software and invoice payment services

    The following fictional case scenarios provide details about the payment functions: provision or maintenance of an account on behalf of an end user; the initiation of an electronic funds transfer at the request of an end user; the provision of clearing and settlement services; and the notion of incidental in the Retail Payment Activities Act.
  • December 12, 2023

    Case scenarios about point-of-sale terminals

    The following fictional case scenarios provide details about the payment functions: initiation of an electronic funds transfer at the request of an end user; the authorization of an electronic funds transfer; and the transmission, reception or facilitation of an instruction in relation to an electronic funds transfer.
  • December 12, 2023

    Case scenarios about agents and mandataries

    The following fictional case scenarios illustrate the obligations of registered payment service providers (PSPs) to declare their agents and mandataries. They also describe the situations when agents of exempted PSPs must register with the Bank of Canada.
  • December 12, 2023

    Registration application fee

    This supervisory policy explains the one-time fee applicants must pay when submitting an application to register as a payment service provider with the Bank.
Go To Page