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A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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November 17, 2025
On the wires
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."
November 5, 2025
On the web
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."
April 30, 2025
On the web
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."
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
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."
September 27, 2023
On the web
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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