Research Paper Number

56/2016

The Processor and the Contractual Matrix in a Card Scheme: How Privity Fell and Resurrected in Aldo V. Moneris

Authors

Benjamin Geva, Osgoode Hall Law School of York UniversityFollow

Available on SSRN.

Document Type

Article

Publication Date

2016

Abstract

Participants in a typical interbank payment card transaction are a cardholder, a merchant, an issuing bank and an acquirer (the merchant's bank). The issuer incurs a payment obligation, which benefits either the payee-merchant or the acquirer. The issuer and acquirer are member banks in a card network asscoiation that establishes rules and standards governing the issuance and use of the cards.

Recommended Citation

Geva, Benjamin, "The Processor and the Contractual Matrix in a Card Scheme: How Privity Fell and Resurrected in Aldo V. Moneris" (2016). Osgoode Legal Studies Research Paper Series. 162.
https://digitalcommons.osgoode.yorku.ca/olsrps/162