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April 30, 2025

On the web

December 10, 2024

On the web

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."

April 17, 2024

On the web

September 27, 2023

On the web

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