Bank of Canada will publish PSP violation notices after the representation period

What changed

The Bank of Canada announced that it will begin publishing Notices of Violation involving payment service providers subject to the Retail Payment Activities Act and its regulations. The announcement describes a transparency step by the regulator; it does not require PSPs to publish the notices themselves.

Who is affected

The announcement directly concerns regulated PSPs that receive a Notice of Violation. Merchants and other businesses using payment providers are indirect audiences because the published information may become part of provider due diligence.

Timing

The Bank says a notice will be published after the PSP has received it and the period for making representations has expired. The announcement says publication will begin soon but does not state a specific effective date.

Merchant impact

Published enforcement information may give merchants another official source to consult when reviewing a provider’s compliance history. It should be considered with the nature of the violation, the decision’s context and the merchant’s own operational requirements; the source does not say a notice automatically disqualifies a PSP.

What to review

PSPs should review their RPAA compliance and representation processes. Merchants can monitor the Bank’s enforcement decisions and PSP registry, document how regulatory information is weighed, and avoid conclusions beyond the published facts.

Uncertainty

The source does not specify the launch date, publication frequency or how merchants should respond. Future enforcement decisions will provide the case-specific facts.

Original source: https://www.bankofcanada.ca/2026/06/bank-canada-begin-publishing-notices-violation-payment-service-providers/