Search results
… Amendments to ACSS Rule H1, Pre-Authorized Debits (PADs) have been approved by … the payee to withdraw funds from the payor’s bank account. Rule H1 outlines the procedures for the clearing and … payments in Canada includes not only our systems, but the rules that govern them,” said Shawn Van Raay, Chief …
… and merchants, Payments Canada today announced a new rule to enable broader point-of-sale (POS) debit card … requirements, as defined by Payments Canada’s existing rules, require merchants to have consistent online … such as paying bus fare. The new Payments Canada rule, Rule E5, titled Exchange of Point-of-Service Delayed …
… is seeking feedback on its consultation paper for a new rule, as part of its point-of-service payment rules framework, to enable a broader range of point-of-service debit card acceptance. This new rule further supports the move to digital payments and …
Image Rule
… Rule A10 …
… in collaboration with the Bank of Canada. Find all Lynx Rules and procedures in the rules and documentation section. Payments Canada systems are … coordinating various participant groups, publishing rules and guidelines, providing ongoing training to …
… credit cards are not considered PADs and aren't covered by Rule H1 . Getting started First, check if your financial … into a contract (called a "Payee Letter of Undertaking" in Rule H1). Your financial institution will agree to issue … on your behalf, and you'll agree to follow Payments Canada Rules that apply to PADs. You also need to have an agreement …