Companies

How Interac Is Guarding Against Fraud on Canada’s Real-Time Rail and Beyond

Interac Corp.

"Interac has created a central scoring process that enables our system to rate every transaction for risk in real time. When the fraud services are used on the RTR, fraud checks on each transaction can be conducted within seconds. Our system assigns every transaction a risk score, risk rating, reason codes and separate scores for account takeover risk and scam risk. This data gets sent to the FIs involved. Central fraud scoring is one pillar in a four-pillar anti-fraud capability..."

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Companies

Digital Commerce Bank Becomes First Bank in Canada to Launch Interac e-Transfer® Cards Share

Business Wire

"Digital Commerce Bank proudly announces the launch of Interac e-Transfer® Cards as the first bank to bring this new and innovative product to market, allowing Canadians to bring creativity, personality, and meaning to the simple act of sending money. Integration of this new feature into web or mobile-based products is simple using DCBank’s APIs, online banking portal or digital wallets."

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Companies

Staples Canada Customers First to Benefit from KONEK: New e-Commerce Solution from Interac and Canadian Financial Institutions

Interac

"Interac announced that Staples Canada has come on board as the first national merchant for its new Canadian e-commerce payment solution, KONEK™. KONEK enables consumers to select their preferred payment option from their eligible financial institution accounts when making purchases online. It is delivered by Interac in collaboration with Canada’s leading financial institutions. BMO, National Bank of Canada, Royal Bank of Canada, Scotiabank and TD Canada Trust customers will be the first to access this e-commerce solution."

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Companies

Smooth Commerce Launches Interac Debit for In-App and In-Browser Payments for Restaurants and Hospitality Businesses

Interac

"Smooth Commerce, a leading provider of white-label digital ordering, loyalty, and engagement solutions for quick-service and fast-casual restaurant chains, hotels, and other hospitality and foodservice businesses, now offers Interac® Debit for In-App and In-Browser payments through Apple Pay and Google Pay."

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Companies

Interac Plans Move to Flat E-transfer Fees Amid Antitrust Scrutiny

The Logic

"Interac is preparing to start charging all financial institutions a flat fee for Interac e-transfers, amid scrutiny of its pricing model from the Competition Bureau and the House of Commons, The Logic has learned. The planned move would be a reversal of its current practices. Interac charges banks and credit unions between six and 43 cents for every e-transfer based on the volume they send, one source with direct knowledge of the matter confirmed."

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Companies

Interac Acquires the Exclusive Canadian Rights to Use Toronto-Based Vouchr Platform

Interac

"Interac Corp. announced it has entered into a strategic transaction to acquire the exclusive Canadian rights to use Toronto-based Vouchr Ltd. engagement platform which enables users to send and receive personalized multi-media notifications along with their money transfers."

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Companies

Interac Broadens Access to the Interac e-Transfer® Service [Canada]

Interac

"Interac Corp. announced that it has broadened access to additional types of financial institutions for participation in the Interac e-Transfer® service. Wealthsimple, a leading Canadian provider of digital financial services, has received provisional approval to join the Interac e-Transfer service as a participant."

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