On February 13, 2013, the Financial Consumer Agency of Canada (FCAC) issued Commissioner’s Guidance (the Guidance) to clarify three issues related to the Code of Conduct for the Credit and Debit Card Industry in Canada (the Code). The Guidance applies to payment card network operators (PCNOs) that operate in Canada and their participants, including independent… Continue Reading
Category Archives: Payments
Subscribe to Payments RSS FeedMobile Payment Transactions – Proposed Expansion of the Code of Conduct for the Credit and Debit Card Industry in Canada
Posted in Payments, RegulationOn September 18th, 2012, the federal government announced the proposed expansion of the Code of Conduct for the Credit and Debit Card Industry in Canada (the “Code”) to apply to credit and debit network participants that provide point-of-sale payment services through mobile devices. The government undertook to amend the Code, which currently does not expressly address… Continue Reading
Task Force Releases Final Report on Canadian Payment Systems Overhaul
Posted in PaymentsBy Stephen D.A. Clark and Kashif Zaman. On March 23, 2012, the Task Force for the Payments System Review (the Task Force) released its final report (the Report) entitled Moving Canada into the Digital Age. The Report is supplemented by four policy papers and four discussion papers. In this entry, we summarize the recommendations of… Continue Reading
Digital Payment Systems in Canada – Expect More Regulations
Posted in PaymentsThis post by Stephen D.A. Clark and Kashif Zaman was originally published as an E-Review available at www.osler.com. Digital Payments in Canada Although Canada is one of the most advanced economies of the world, it is surprising (at least to some) that Canadian consumers are not very frequent users of mobile payment systems when compared to consumers in… Continue Reading