Domenic Presta

Partner | Toronto

416.595.8505

Portrait of Domenic Presta

2022 MasterCard rule changes applicable to subscription payments

MasterCard has recently proposed changes to its credit card processing rules which, if implemented, will impact a broad range of “merchants” including non-profits and charitable organizations. Given that these changes appear to be a reaction to legislative changes in other...

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Cybersecurity for Canada’s financial institutions

In the Office of the Superintendent of Financial Institution’s (OSFI) first Annual Risk outlook for Fiscal Year 2022-2023, the OSFI identifies the most material risks which face federally regulated financial institutions (FRFIs). Among the financial risks that the OSFI identifies...

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OSFI updates cybersecurity breach notification requirements

The Office of the Superintendent of Financial Institutions (“OSFI”) released a new Advisory on Technology and Cyber Security Incident Reporting, effective August 13, 2021 (the “Advisory”) which seeks to govern how federally-regulated financial institutions (“FRFIs”) should disclose and report technology...

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