Payment Card Networks Act (S.C. 2010, c. 12, s. 1834)

Marginal note:Definitions

3 The following definitions apply in this Act.

acquirer

acquirer means an entity that enables merchants to accept payments by payment card by providing merchants with access to a payment card network for the transmission or processing of those payments. It does not include that entity’s agent or mandatary. (acquéreur)

entity

entity means a corporation, trust or partnership, or an unincorporated association or organization. (entité)

issuer

issuer means an entity or provincial Crown corporation that issues payment cards. (émetteur)

Minister

Minister means the Minister of Finance. (ministre)

payment card

payment card means a credit or debit card — or any other prescribed device — used to access a credit or debit account on terms specified by the issuer. It does not include a credit card issued for use only with the merchants identified on the card. (carte de paiement)

payment card network

payment card network means an electronic payment system — other than a prescribed payment system — used to accept, transmit or process transactions made by payment card for money, goods or services and to transfer information and funds among issuers, acquirers, merchants and payment card users. (réseau de cartes de paiement)

payment card network operator

payment card network operator means an entity that operates or manages a payment card network, including by establishing standards and procedures for the acceptance, transmission or processing of payment transactions and by facilitating the electronic transfer of information and funds. (exploitant de réseau de cartes de paiement)