Case scenarios about retail payments supervision - Bank of Canada

19 result(s)

August 21, 2024

Case scenarios about e-commerce web building tools and payment gateways

The following fictional case scenarios provide examples of payment functions, namely the initiation of an electronic funds transfer (EFT) at the request of an end user, and the authorization of an EFT or the transmission, reception or facilitation of an instruction in relation to the EFT. They also provide examples of incidental activities under the Retail Payment Activities Act.

Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration

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.

Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration

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; as well as examples of incidental activities under the Retail Payment Activities Act.

Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration

December 12, 2023

Case scenarios about merchants and the incidental payment function

The following fictional case scenarios offer examples of providing or maintaining an account payment function as well as examples of incidental activities under the Retail Payment Activities Act.

Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration

December 12, 2023

Case scenarios about merchant or group of merchants instrument exclusion

The following fictional case scenarios illustrate the types of activities exempted under paragraph 6(a) of the Retail Payment Activities Act.

Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration

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.

Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration

December 12, 2023

Case scenarios about designated payment systems

The following fictional case scenarios provide examples to help differentiate payment functions performed using a designated system under section 7 of the Retail Payment Activities Act (and exempted as a result) from other non-exempted payment functions related to the same transaction.

Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration

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.

Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration

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.

Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration

Disclaimer

The case scenarios are illustrative examples reflecting the Bank of Canada’s interpretation of certain requirements set out in the Retail Payment Activities Act (RPAA). All names, facts and descriptions in these scenarios are entirely fictitious and do not reflect any real or actual individuals or entities.

Additionally, they do not represent legal advice and should not be used as a replacement for seeking such advice if an individual or entity is unsure about whether they are required to register with the Bank of Canada as a payment service provider. The nature of the products and services offered by each individual or entity will vary, as will the circumstances around offering these products and services. Therefore, any individual or entity that may be subject to the RPAA should assess their own situation on a case-by-case basis according to their own facts and circumstances. Any entity or individual that may be subject to the RPAA is ultimately responsible for determining whether they are required to register with the Bank.

The examples provided are not a replacement for the Criteria for registering payment service providers supervisory policy, but rather they are meant to complement the policy. They should be read in conjunction with the policy.