Planned capabilities

Commercial payment flows, structured for review.

ALTA MONEY SERVICES LTD. (the “Company”) is planning to provide remitting or transmitting funds and foreign exchange dealing for verified business clients. Planned invoice and supplier-payment functionality forms part of remitting or transmitting funds. “Payment Services (PSP)” is the label used for that same planned functionality in the FINTRAC registration form; it is not a separate prescribed MSB service and does not create an additional transaction-volume category. No service is active.

Money Remittance and Transmission

Planned remittance and transmission of documented business payments, including planned invoice and supplier-payment functionality, between identified counterparties. No service is active.

Foreign Exchange

Planned foreign exchange related to approved remittance and transmission activity, conditional on approved scope, compliance review and confirmed banking and provider arrangements.

Future delivery arrangements

Availability follows confirmed arrangements.

Any future delivery model must be supported by approved written agreements and verified roles, instructions, funds flow, settlement, custody or possession and control, reporting allocation and access to records. No provider or execution partner is appointed, and no delivery model is approved.

Service availability remains conditional and subject to compliance review.

Important

No service will be made available unless required FINTRAC registration is active, any applicable Bank of Canada requirements under the Retail Payment Activities Act are satisfied, the operating model is approved, and the required banking and compliance controls are implemented.

Operating boundary

What the Company is not offering.

No wallet, virtual IBAN, live FX calculator or client portal.

No acquiring, card processing, active merchant accounts or safeguarding accounts.

No payment service is currently operational.

No representation of guaranteed onboarding, execution time, rail, currency or corridor availability.