Canadian Payments Association By-law No. 1 — General

Marginal note:Definitions

1 The following definitions apply in this By-law.

Act

Act means the Canadian Payments Act. (Loi)

Member Advisory Council

Member Advisory Council means the Council established under section 21.4 of the Act. (comité consultatif des membres)

payment service provider

payment service provider means a person who, or an entity that, supports the operation, maintenance and development or enhancement of payment systems that directly or indirectly interface with the national clearing and settlement systems. (fournisseur de services de paiement)

payment system

payment system means a system or arrangement for the exchange of messages effecting, ordering, enabling or facilitating the making of payments or transfers of value that are subsequently cleared and settled as payment items through the systems operated by the Association. (système de paiement)

stakeholder

stakeholder means a person who, or an entity that, is a user or a payment service provider or represents the interests of a group of users or payment service providers, but is not a member or entitled to be a member under subsection 4(2) of the Act. (intervenant)

Stakeholder Advisory Council

Stakeholder Advisory Council means the Council established under section 21.2 of the Act. (comité consultatif des intervenants)