Registration - Retail payments supervision

• June 17, 2024

  Issuing public notice of decisions

  This supervisory policy provides details on the Bank of Canada’s issuing of public notice for certain retail payments supervision and prescribed review decisions.

  Content Type(s): Retail payments supervision materials, Supervisory policies Topic(s): Enforcement, Registration
• June 17, 2024

  Enforcement tools

  This supervisory policy lists the enforcement tools the Bank could use if enforcement action is needed against individuals, entities and payment service providers.

  Content Type(s): Retail payments supervision materials, Supervisory policies Topic(s): Enforcement, Registration
• June 17, 2024

  Administrative monetary penalties

  This supervisory policy provides an overview of the Bank of Canada’s administrative monetary penalties (AMPs) regime and how the Bank determines administrative monetary penalty amounts.

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