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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…
Interac e-Transfer, Payments
Autodeposit: Your open door to revenues
In a previous post we talked about one of Interac e-Transfer’s useful new features, Request Money, which allows users to send digital requests for money to any individual or business with a Canadian bank account – a feature that improves cash flow and reduces processing costs for businesses and their…