regulations

Regulations

Get the right advice

Understanding the requirements depending on your industry and on where you operate is as necessary as it can seem painful.

Regulations are like a Damocles sword hanging over your head: you hope that you’ve done everything necessary for the sword to stay up there and, at the same time, you wonder: what if I forgot something? What if I didn’t do something properly? Regulations can vary a lot depending on the regions and on the industries and you need to prepare carefully for each new market you want to expand in to avoid hefty fines and bad press.

There are international standards to abide by (the data standard ISO20022 for instance), regional regulations (GDPR in Europe), federal regulations (FINTRAC in Canada), state regulations, provincial regulations and many more; these are just depending on where you operate, it doesn’t even take into account what your industry is! This is why you need a team of professionals to help you cross the bridge over these troubled waters.

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Data Standards

ISO20022 is the word; the data standard is bound to be applied to both domestic and cross border payment rails in the close future. Not only will it harmonize the data carried by payments but it will also facilitate the compliancy of these solutions.

In countries like Canada and the United States, you have regulations at the federal and at the state/provincial levels. In Europe, it is at the regional and at the national level. Can you imagine being a European business wanting to expand in a Canadian province? We can and will show you how.

Data Protection

When Europe released the GDPR, other regions jealously glanced at the regulation; it set a standard for data protection everywhere. It is now an important part of any contract involving payments and you must make sure you are aware of your local requirements.

Licenses

If all of the above wasn’t enough, you sometimes also need to get a license to operate your business, which comes with its own costs and requirements. That license will become your entry pass for all upcoming business and you must plan your application in advance not be left stranded.

Contact Phone

+1-514-613-22-03

E-mail

[email protected]

Office Address

420A Chateauguay Street
Longueuil, Quebec
J4H-2K9 – Canada

We help to solve the problem without special complications.

ABOUT US

More than 40 years in the payment industry at your service

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CONTACTS

420A Chateauguay Street
Longueuil, Quebec
J4H-2K9 – Canada
+1-514-613-22-03
[email protected]

Be Compliant with Regulations!