S-202
Third Session, Fortieth Parliament,
59 Elizabeth II, 2010
SENATE OF CANADA
BILL S-202
An Act to amend the Canadian Payments Act (debit card payment systems)
first reading, March 4, 2010
THE HONOURABLE SENATOR RINGUETTE
4020915
SUMMARY
This enactment amends the Canadian Payments Act to designate certain debit card payment systems.
Available on the Parliament of Canada Web Site at the following address:http://www.parl.gc.ca
3rd Session, 40th Parliament,
59 Elizabeth II, 2010
senate of canada
BILL S-202
An Act to amend the Canadian Payments Act (debit card payment systems)
R.S., c. C-21
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
1. The definition “designated payment system” in section 36 of the Canadian Payments Act is replaced by the following:
“designated payment system” « système de paiement désigné »
“designated payment system” means a payment system designated under subsection 37(1) or (6).
2. Section 37 of the Act is amended by adding the following after subsection (5):
Designated payment systems
(6) The following payment systems are hereby designated:
(a) the payment system operated by the Interac Association; and
(b) the payment systems operated in Canada in connection with Visa and MasterCard debit cards.
Application of certain provisions
(7) For greater certainty, subsections (2), (3) and (5) do not apply to the designations under subsection (6).
Published under authority of the Senate of CanadaAvailable from:Publishing and Depository ServicesPublic Works and Government Services Canada
Explanatory Notes
Canadian Payments Act
Clause 1: Existing text of the definition:
“designated payment system” means a payment system designated under subsection 37(1).
Clause 2: New.