Retail payments

• 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
• 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 materials, Supervisory policies Subject(s): Retail payments, 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 materials, Supervisory policies Subject(s): Retail payments, 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 materials, Case scenarios Subject(s): Retail payments, Registration