Electronic Payments Regulations (SOR/98-129)

1 The definitions in this section apply in these Regulations.

Act

Act means the Financial Administration Act. (Loi)

chargeback

chargeback means to adjust the amount payable to or claimed by a financial institution as a result of the refusal by the Receiver General to redeem an electronic instruction for payment. (débit compensatoire)

digital signature

digital signature means the result of the transformation of a message by means of a cryptosystem using keys such that a person who has the initial message can determine

• (a) whether the transformation was created using the key that corresponds to the signer’s key; and

• (b) whether the message has been altered since the transformation was made. (signature numérique)

electronic instruction for payment

electronic instruction for payment means an instruction for payment referred to in subsection 35(2) of the Act, issued electronically on media or by on-line transfer, to a financial institution to credit the account of a particular payee with a specific payment. (ordre de paiement électronique)

financial institution

financial institution means an institution, corporation or other entity, incorporated, continued or formed by or under an Act of Parliament or the legislature of a province or under the laws of a foreign state or a political subdivision of a foreign state, that holds deposits and honours cheques and other payment instructions on behalf of its clients and includes a bank, a trust company and a cooperative credit society. (institution financière)

media

media means magnetic tapes, disks, diskettes or any other electronic physical storage device. (support)

payee

payee means a person to whom a payment is to be made by means of an electronic instruction for payment. (bénéficiaire)

payment date

payment date means the date on which payment is to be made to the payee. (date de paiement)

revoke

revoke means to issue an instruction to a financial institution countermanding a particular electronic instruction for payment. (annuler)