Retail payments supervision materials

• 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 Research 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 Research Topic(s): Enforcement, Registration
• April 17, 2024

  Prescribed supervisory information

  This supervisory policy provides an explanation of the prescribed supervisory information provisions and sets out the Bank of Canada’s expectations for payments service providers’ compliance with non-disclosure requirements related to prescribed supervisory information under subsection 64(1) of the Retail Payment Activities Act and sections 37 to 38 of the Retail Payment Activities Regulations.

  Content Type(s): Retail payments supervision materials, Supervisory policies Research Topic(s): Supervision
• April 17, 2024

  Record keeping

  This supervisory policy outlines what records payment service providers should keep and retain to comply with their record-keeping obligations under the Retail Payment Activities Act and the Retail Payment Activities Regulations.

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