Canadian officials are floating a proposal to rework infrastructure rules to allow debit card acceptance when connectivity to payment rails is not feasible, such as mass transit, in-flight purchases and parking meters.
Proposed by Payments Canada, which operates the country's point of sale (POS) payments clearing and settlement system, the plan would modify the organization's existing rules so that delayed authorization can be used for debit card transactions.
The rules currently only allow for credit cards or cash to be used in such situations, which are generally for small-value transactions.
Request a Free Trial
As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.Take a Trial