Retail payments supervision materials

• October 16, 2024

  Incident notification

  This supervisory guideline explains the incident reporting requirements applicable to payment service providers subject to the Retail Payment Activities Act and provides clarity on how the Bank expects payment service providers to comply with them.

  Content Type(s): Retail payments supervision materials, Supervisory guidelines Research Topic(s): Reporting, Supervision
• October 16, 2024

  Operational risk and incident response

  This supervisory guideline is intended to help payment service providers subject to the Retail Payment Activities Act comply with their obligations related to the identification and mitigation of their operational risks as well as their response to incidents.

  Content Type(s): Retail payments supervision materials, Supervisory guidelines Research Topic(s): Supervision
• October 2, 2024

  Case scenarios about providers of services backed by cryptocurrencies

  These fictional case scenarios provide more details about the following payment functions performed in relation to cryptocurrencies: provision or maintenance of an account; holding of funds on behalf of an end user; initiation of an electronic funds transfer at the request of an end user; authorization of an electronic funds transfer or the transmission, reception or facilitation of an instruction in relation to an electronic funds transfer.

  Content Type(s): Retail payments supervision materials, Case scenarios Research Topic(s): Registration
• October 2, 2024

  Case scenarios about marketplaces

  The following fictional case scenarios provide examples of payment functions that are, and are not, incidental to a marketplace. These include the provision and maintenance of an account; the holding of funds on behalf of an end user; and authorization of an electronic funds transfer and the transmission, facilitation or reception of an instruction in relation to an electronic funds transfer.

  Content Type(s): Retail payments supervision materials, Case scenarios Research Topic(s): Holding funds, Registration
• October 2, 2024

  Case scenarios about lending

  The following fictional case scenarios provide examples of payment functions that are, and are not, incidental to a consumer lending business.

  Content Type(s): Retail payments supervision materials, Case scenarios Research Topic(s): Registration
• October 2, 2024

  Case scenarios about holding funds

  The following fictional case scenarios provide examples to help providers identify whether they perform the payment function of holding funds.

  Content Type(s): Retail payments supervision materials, Case scenarios Research Topic(s): Holding funds, Registration
• October 2, 2024

  Case scenarios about cloud computing

  The following fictional case scenarios provide more detail about performing the following payment functions: initiation of an electronic funds transfer (EFT) and the authorization of an EFT or the reception, transmission, reception or facilitation of an instruction in relation to an EFT.

  Content Type(s): Retail payments supervision materials, Case scenarios Research Topic(s): Registration
• October 2, 2024

  Case scenarios about card program managers

  The following fictional case scenarios provide examples of incidental activities under the Retail Payment Activities Act, especially in the context of card program managers.

  Content Type(s): Retail payments supervision materials, Case scenarios Research Topic(s): Holding funds, Registration
• October 2, 2024

  Case scenarios about acquirers

  The following fictional case scenarios provide more details about the performance of payment functions under the Retail Payment Activities Act by providers of acquiring services, including in respect of the holding funds payment function.

  Content Type(s): Retail payments supervision materials, Case scenarios Research Topic(s): Holding funds, Registration
• October 2, 2024

  Amendments to registration applications

  This supervisory policy explains how applicants should proceed when making changes to the information they provided as part of their application to become a registered payment service provider.

  Content Type(s): Retail payments supervision materials, Supervisory policies Research Topic(s): Registration