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Interac e-Transfer, Payments

INTERAC e-Transfer® breaks records in 2017

Interac e-Transfer hit record usage in 2017, facilitating more than 241 million transactions, worth a total of more than $92 billion. The increasing reliance on the platform shows how essential the real-time payment service is to Canadians and Canadian businesses. Three-quarters of online banking users in Canada are registered to…
Payments

Customer First Designs Critical to Banking Transformation

“Customer journeys” and “user-centric design” seemed top-of-mind for most executives at this year’s Omnichannel Banking Transformation & Strategy Conference – topics historically uncommon in senior banking circles. The recent influx of fintechs and digital-first financial service providers has clearly raised customer expectations of convenience and the most forward-thinking execs in…
Interac e-Transfer, Payments

UofT Hacks Brings Voice and Tap to INTERAC e-Transfer

Last week, we were at UofT Hacks; a 36-hour hack event where 500 students from (literally) all over the world came to Toronto to collaborate and build using API’s from companies like Google, Microsoft, IBM. Jordan Crombie, our Digital Product & Platform Architect leading a workshop on the INTERAC e-Transfer…
Interac e-Transfer, Payments

Infographic: What is Request Money?

In addition to releasing the Interac e-Transfer Autodeposit feature earlier this year, we also released the Request Money* feature. Request Money allows anyone with a bank account at a participating financial institution to ask for money from anyone with a bank account at a participating financial institution. Request Money is…
Payments

Digital Wallets and How They’re Changing the Retail Game

It should come as no surprise to merchants that digital technology is making transformative impacts on their sector. One of the more significant impacts is of course in payments, and the experience of paying for what you bought has been evolving rapidly from a traditional world of cash, physical cards,…
News

Our Predictions for 2018 and What We’re Reading / Watching

Happy new year! As with every time January comes around, the vacation went by so fast it’s almost as if it didn’t happen. Most of us are here back in the office, picking up where we left off in 2017. But before completely getting back to work, we took some…
News

Simply the Best: Our Top Posts of the Year

Before putting together this list, I thought ‘who cares about *our* best posts of the year’? But this lists represents what’s most popular based on unique visits – what new people visiting the blog are most interested in seeing. This list, then, paints a picture of what’s on our minds,…
Ecosystem, Events

Top 5 Themes from the Canadian Payments Innovation Conference

At RFI’s Canadian Payments Innovation conference the C-Suite and top payment execs from Interac, Visa, Mastercard, Square, PayPal, TD, Scotiabank, and others shared their views on top market trends and the future for our industry. Here were the top 5 themes and insights: 1: Small business & transit to be…
Interac Developer Center

Community, Collaboration, Conversation and (some) Change

Hi, my name is Nerissa. ?? Back in June of this year I started at Interac Corporation (“Interac®”) as Community Manager. I’d never worked as a ‘community manager’ before, but the job description was a combination of everything I’d ever done in my career that made me happy: creating content,…
Interac e-Transfer

Infographic: What is Autodeposit?

In 2016, Canadians transferred over $60 billion using Interac e-Transfer. This included business-to-person, person-to-person, person-to-business and business-to-business payments. Last month we announced a new feature added to the e-Transfer platform: Autodeposit (along with Request Money). With autodeposit, e-Transfer users no longer have to worry about creating a security question to…