We can assist you with the full range of activities associated with the following:
Retail and Commercial Payments including Card Products and Services
The Gillman Professional Corporation Payment Systems Practice has an extensive history of advising clients on a broad range of laws, regulations and industry rules relevant to payment systems, including, amongst others, Bank Act, Trust and Loan Companies Act, Insurance Companies Act, Financial Consumer Agency of Canada Act, Canada Deposit Insurance Corporation Act, Canadian Payments Association Act, the Canadian Payments Association’s By-laws, Rules and Standards, Personal Information Protection and Electronic Documents Act, Proceeds of Crime (Money Laundering) and Terrorism Financing Act, Visa/MasterCard/Interac rules and bylaws, as well as applicable provincial consumer protection and other legislation.
Our clients benefit in particular from our deep practical industry experience and regulatory expertise in connection with the development and implementation of numerous payment products and systems, including:
- Credit and Debit Cards
- Stored-Value Cards
- Gift Cards
- Prepaid Cards
- Mobile Payments
- Merchant Acquiring
Our Payment Systems Practice is a leader in providing legal and regulatory counsel in the areas of payment product design and delivery, from point of initiation to final settlement. Our services include preparation and negotiation of affinity and co-brand private-label program agreements, merchant acquiring agreements, processing transactions, network transactions, and loyalty program transactions.
We assist clients with issues involving virtually any emerging payment technology or system, including stored value cards, gift cards and prepaid payment cards, emerging network technologies, electronic cash, mobile payments and more.
We represent clients in structuring loyalty programs and negotiating and documenting loyalty program agreements. We assist clients with third party merchant recruitment agreements, merchant participation agreements and agreements to provide outsourced rewards program services and related matters.