An Act to amend the Payment Card Networks Act (credit card acceptance fees)
This bill was last introduced in the 41st Parliament, 1st Session, which ended in September 2013.
This bill was last introduced in the 41st Parliament, 1st Session, which ended in September 2013.
In committee (Senate), as of May 8, 2013
(This bill did not become law.)
This is from the published bill. The Library of Parliament often publishes better independent summaries.
This enactment amends the Payment Card Networks Act in order to limit the fees that the participants in a designated payment card network require from merchants who accept payments by credit card. The payment card networks operated in Canada by Visa and MasterCard are designated. The Minister of Finance may vary the fee limits and is responsible for supervising the compliance of the participants. The Minister may seek an order of a court to enforce compliance.
All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.