interac

Can’t Send Interac e-Transfers? Rogers Network Outage to Blame

The ongoing Rogers network outage is affecting consumers and businesses, including INTERAC, which processes debit payments and e-Transfers. INTERAC was quick to provide an update to customers on the nationwide outage at 2:44AM EDT/5:44PM PDT. At the time, INTERAC said, "There is currently a nationwide communications outage with a network provider which is impacting the...

Walmart Canada App Now Lets You Pay with Interac Debit and Apple Pay

Walmart Canada and Interac announced this week customers can now pay with Interac Debit when shopping within the company’s mobile app and online on Walmart.ca. According to both companies, the Walmart Canada mobile app also now supports Apple Pay for Interac Debit and on the web, from participating financial institutions. The announcement means Interac Debit...

Interac to Use Microsoft Azure for its Digital Payments Ecosystem in Canada

Interac has today announced it will be using Microsoft Azure's cloud capabilities to manage the continued growth of digital transactions, thanks to a surge in demand for its payments solutions which require "a trusted, reliable and secure cloud platform." According to a report from Payments Canada, electronic payments accounted for approximately 79% of overall Canadian payment...

Interac e-Transfer for Business Introduces Real-Time Digital Payments

Backed by 13 of Canada’s leading financial institutions, Interac is launching its new Interac e-Transfer for Business, an innovative solution that builds on the widespread adoption of the Interac e-Transfer service, enabling real-time digital payments for businesses. With over 83% of business leaders calling for new commercial payment products as part of their post-pandemic digital transformation, Interac e-Transfer for Business...

Walmart to Support Interac Debit In-App Payments via Apple Pay and More

Interac has announced it has partnered with Walmart Canada to bring new Interac payments for in-app and in-browser payments, on digital wallets such as Apple Pay or Google Pay, coming in spring of 2021. The news comes on the heels of Walmart Canada stores launching tap payments for Interac Flash at point-of-sale terminals, allowing customers...

Record 61.3 Million Interac e-Transfers Took Place in April During COVID-19

Interac says the COVID-19 pandemic is helping to accelerate the move to digital payments across Canada. Canadians used a record 61.3 million Interac e-Transfers in April for sending and receiving money and are choosing digital payments over cash and cheques. Since the middle of March, first time e-Transfer users increased by 43%, while averages transactions...

Interac Says Tap Payment Limits to Remain Unchanged During COVID-19 Pandemic

Image via Interac Mastercard and Visa have allowed tap payment limits to increase to $250 per transaction during the COVID-19 pandemic, but for users of Interac Flash contactless payments, the limit remains at $100 per transaction. An Interac spokesperson told iPhone in Canada in a statement, "We understand that contactless payments are top-of-mind right now...

Mastercard and Interac Launch International e-Transfers from Mobile, Web

Mastercard and Interac have announced the launch of international e-Transfers, utilizing the Mastercard Send push payments service for cross-border money transfers. The new feature means Canadians "will be able to simply log in to their mobile or online banking services and send funds securely globally using the familiar Interac e-Transfer brand,” explains both companies in a press...

Interac e-Transfers Grew 54% in 2018, with Nearly 76% Deposited via Mobile

According to Interac Corp., new data released today has revealed 2018 saw huge growth for its e-Transfer service in Canada. Here is some 2018 data sent by Interac to iPhone in Canada via email: Over 371 million Interac e-Transfer transactions, worth over $132 billion Volume increase of 54%; 45% increase in value versus 2017 Interac e-Transfers happen...

Nearly 25% of Canadians Have Clicked on a Phishing Link Says Interac Study

March is Fraud Prevention Month, and Interac has provided some tips to help Canadians avoid falling victim to phishing scams. According to a survey commissioned by Interac, close to one-quarter of Canadians admit they have clicked on a link related to a phishing scam, with 64 per cent noting they have been tempted to click...

Interac: December 22 Will be the Busiest Shopping Day of 2017

According to the latest data released by Interac Association, December 22, the last Friday before Christmas Eve, is anticipated to be the busiest shopping day of the year. Forecasting 25 million debit transactions on that day, Interac predicts that 77% of Canadians are looking to spend their own money rather than go into debt over the holidays....