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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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