Retail payments

• August 21, 2024

  Case scenarios about payroll services

  These fictional case scenarios provide examples of incidental activities under the Retail Payment Activities Act.

  Content Type(s): Retail payments materials, Case scenarios Subject(s): Retail payments, Holding funds, Registration
• August 21, 2024

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

  These 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 materials, Case scenarios Subject(s): Retail payments, Registration
• August 21, 2024

  Acquisitions of control and prescribed changes

  This supervisory policy explains how a registered payment service provider (PSP) should assess whether it will be the subject of a planned acquisition of control or a prescribed change.

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

  Significant adverse impact

  This supervisory policy provides an overview of what the Bank of Canada will consider when determining whether a “significant adverse impact” is occurring or has occurred.

  Content Type(s): Retail payments materials, Supervisory policies Subject(s): Retail payments, Enforcement, Supervision
• June 17, 2024

  Roles and Responsibilities of the Executive Director and Managing Director

  This supervisory policy outlines the roles of the Executive Director and the Managing Director of Payments and Regulatory Oversight. It also describes their responsibilities related to the Bank of Canada’s retail payments supervision mandate.

  Content Type(s): Retail payments materials, Supervisory policies Subject(s): Retail payments, Enforcement, Registration, 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 materials, Supervisory policies Subject(s): Retail payments, 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 materials, Supervisory policies Subject(s): Retail payments, Enforcement, Registration
• May 30, 2024

  Speech: The Payments Canada SUMMIT

  

  

  The ongoing evolution of payments in Canada—Executive Director, Ron Morrow speaks at The Payments Canada SUMMIT (11:10 (ET) approx.).

  Content Type(s): Press, Speeches and appearances, Webcasts Subject(s): Retail payments
• May 30, 2024

  Future-proofing our payments systems

  Speech summary Ron Morrow Payments Canada SUMMIT Toronto, Ontario

  Executive Director of Payments, Supervision and Oversight Ron Morrow talks about how payments have evolved in Canada and why it’s important to modernize our payment infrastructure.

  Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Currency, Bank notes, Digital currency, Financial system, Financial stability, Fintech, Retail payments
• May 30, 2024

  Laying bare the evolution of payments in Canada

  Remarks Ron Morrow Payments Canada SUMMIT Toronto, Ontario

  Ron Morrow, Executive Director of Payments, Supervision and Oversight, talks about the evolution of payments in Canada, as well as the Bank’s new supervisory role for payment service providers.

  Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Currency, Bank notes, Digital currency, Financial system, Financial stability, Fintech, Retail payments