Payment Processor Compliance for Reporting Entities
Processing payments for merchants brings ongoing compliance duties that do not simply stop at registration. We help payment processors meet their RPAA and AML obligations across the transactions they handle in Canada.
Processing Payments Is a Regulated Activity
A payment processor moves money for merchants, and that makes it a regulated payment business in Canada. Your obligations run well beyond getting registered, into how you monitor processed transactions, handle funds, and screen the parties involved. We help you meet the full set of duties your processing activity actually carries day to day.
Built Around How You Operate
A processor sits between merchants, customers, and the payment system, and compliance has to fit that position. You need transaction monitoring across processed flows, safeguarding where you hold funds, sanctions screening, and clear AML controls. We build compliance around how your processing actually works, so it protects the business without getting in the way of the payments you move.
Obligation Mapping
We map the full compliance duties your payment processing activity carries.
Transaction Monitoring
We build monitoring across the processed flows that pass through you.
Merchant Oversight
We help you manage the compliance risk your merchants bring to you.
AML Controls
We build the screening, records, and reporting that your processing needs.
Ready to Simplify Your Compliance?
Processors We Support and Guide
We support payment processors, merchant acquirers, online payment gateways, payment facilitators, and the many other businesses processing card and account transactions for merchants under the PCMLTFA and Canadian payment regimes.
We support banks with program design, oversight, & regulatory examination readiness.
We help credit unions meet obligations proportionate to their membership and scale.
We handle registration, renewals, reporting, & controls FINTRAC expects from you.
We cover Bank of Canada registration alongside your anti money laundering obligations.
We establish what your wallet activity triggers, then build only what applies.
We build compliance around what your product does, before volumes and questions arrive.
We register virtual currency dealers and build the reporting their activity demands.
We support financial institutions across registration, program build, and reporting duties.
Why Processors Choose Our Compliance
Fully Mapped
We map every duty your processing carries, so nothing important is missed beyond the registration you already hold.
Operationally Fit
We build compliance around how your processing works, so it protects you without slowing the payments you move.
Merchant Aware
We help you manage the compliance risk your merchants bring, so their activity does not become your problem.
Serving Processors Across Canada
We support payment processors right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and foreign processors serving Canadian merchants wherever they happen to be based.
Let's Talk About Your Compliance Needs
Schedule a Free Consultation
Whether you’re starting a new MSB or need ongoing AML support, our team responds within one business day.
Payment Processor Questions
Clear answers to the questions processors ask most about the ongoing compliance obligations of processing payments across Canada under the PCMLTFA.
Does a payment processor need registration?
Usually yes. Processing payments typically makes you a regulated payment business requiring Bank of Canada registration before you operate.
What compliance does processing involve beyond registration?
Ongoing duties like transaction monitoring, safeguarding where you hold funds, sanctions screening, record keeping, and reporting across the payments you process.
Are we responsible for our merchants?
In part. You must manage the compliance risk your merchants bring, since their activity flows through your processing and becomes your exposure.
How does this differ from PSP registration?
Registration is getting approved to operate. This covers the ongoing compliance your processing carries once you are registered and running.
Do you handle our fund safeguarding?
Yes. Where your processing holds end-user funds, we help you safeguard them properly as part of your wider compliance.