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Interac Debit

Interac Debit for In-App and In-Browser Payments Expands in Canada

TORONTO, October 15, 2019 – Interac Corp. today announced that Interac Debit for In-App and In-Browser Payments with Apple Pay™ and Google Pay™ is now widely available. Canadians already use Interac Debit on Apple Pay or Google Pay for in-store purchases at hundreds of thousands of merchants across the country.…
Ecosystem, Events

Interac and Elevate 2019: Six Things We Learned

Will cryptocurrencies rule the future? How can digital technology bring modern banking amenities to remote communities? How will we balance the drive for financial innovation against concerns over privacy? No one can claim to have all the answers to these questions. But when Interac collaborated with Elevate, the world’s fastest-growing…
API

VIDEO: Knowing your customers, faster with Edwina Johnson

Application programming interfaces (APIs) allow systems initially built for single use cases to be re-defined as platforms, their core functionality offered to outside developers to discover new uses and new value propositions for their original technology. We spoke with Edwina Johnson, Chief Operating Officer at Alloy and to learn how…
Cryptocurrency

How Interac used blockchain technology to create energy incentives, instantly

Interac leverages its payment platforms in a new and innovative way, creating a win for a green-power utility. Picture yourself a few years from now. It’s after work, and you’re pulling into the driveway in your electric car. You’re about to plug it into the charging outlet when an app…
Cryptocurrency

Facebook’s Libra Cryptocurrency – A payments game changer?

Facebook’s June 18th announcement about the launch of its global cryptocurrency Libra immediately made waves in the payments and banking industry. Backed by major players like Mastercard, Visa, Uber, Lyft, Paypal, Spotify, ebay, and Stripe, many are wondering if Libra might scale and disrupt at a pace never before seen…
Hackathon, Interac Lab

The Interac Lab Hacks at DisruptAI Hackathon

Earlier this month, members of our Lab team participated in the DisruptAI Hackathon, hosted by Havas in Toronto. The challenge of the Hackathon was about using AI and Data Science to disrupt an industry. Before brainstorming, the team thought about what they wanted out of the Hackathon. First was hands-on…
Hackathon

AR, FR, and QR: Hackathon Season 2019 Kicks Off

Our 2019 Hackathon season started off with U of T Hacks in January. This year 13 teams competed in the Interac challenge to win a team prize of $1000. The winning team, FaceLyft, impressed us with a well-thought out user experience and integration of our beta API with facial recognition…
Interac Verification Solutions

Digital Identity in Drivers Licencing

As in most developed countries, health care in Canada comprises a significant portion of the economy: in 2015, such spending – almost $5,800 per person – amounted to 10.4% of our GDP*. To compete and prosper in a technology-driven world, Canadians need secure, ubiquitous, and convenient digital identity systems, and…
Interac e-Transfer, Payments

Less Hustle to Your Side Hustle

Cheques are still the #1 payment used by business, large and small. This means it is taking longer for businesses to get paid. For micro and small businesses, this could have a significant impact to money management, making it tight to invest in new products and services to grow the…