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 materials, Case scenarios Subject(s): Retail payments, 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 materials, Case scenarios Subject(s): Retail payments, 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 materials, Case scenarios Subject(s): Retail payments, 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 materials, Case scenarios Subject(s): Retail payments, 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 materials, Case scenarios Subject(s): Retail payments, 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 materials, Case scenarios Subject(s): Retail payments, 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 materials, Case scenarios Subject(s): Retail payments, 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 materials, Case scenarios Subject(s): Retail payments, Registration
November 28, 2023 Moving money with confidence: Canada’s new regime for retail payments supervision Remarks Ron Morrow Central 1 Momentum Summit Vancouver, British Columbia Executive Director of Supervision Ron Morrow discusses the creation and coming into force of a new supervision regime to oversee retail payments. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Fintech, Retail payments
November 2, 2022 Keeping up with changes in how Canadians pay Speech summary Ron Morrow Canadian Innovation Exchange Summit Toronto, Ontario Executive Director of Retail Payments Supervision Ron Morrow discusses how the Bank of Canada is taking on new responsibilities to help protect consumers when they pay for things. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Currency, Digital currency, Financial system, Financial markets, Financial stability, Fintech, Retail payments