Merchant Acquiring Services FAQs
For Independent Sales Organizations (ISOs):
What is the first step in moving forward with an ISO program with Peoples Payment Solutions (PPS)?
What is the advantage of working with PPS?
How long has PPS been in the market?
How does the Code of Conduct for the Credit and Debit Card Industry in Canada apply to ISOs?
What is the relationship between Peoples Payment Solutions (PPS) and its ISO partners?
Can I set up a merchant services account with PPS?
What is Dynamic Currency Conversion (DCC)?
What is the Code of Conduct for the Credit and Debit Card Industry in Canada?
The Code of Conduct is a set of rules that all participants in the payment card industry must follow and abide by. The purpose of the Code is to demonstrate the industry’s commitment to:
- Ensuring that merchants are fully aware of the costs associated with accepting credit and debit card payments thereby allowing merchants to reasonably forecast their monthly costs related to accepting such payments.
- Providing merchants with increased pricing flexibility to encourage consumers to choose the lowest-cost payment option.
Allowing merchants to freely choose which payment options they will accept. Each payment industry participant (i.e. card brands, ISOs, processors etc) operate in accordance to this code. Compliance to the code is administered by the Financial Consumer Agency of Canada (FCAC). For details of the Code of Conduct, please visit the FCAC website.