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Interac e-Transfer Bulk Payables

Overview

Bulk Disbursements offers a simple, streamlined, and secure method of sending funds to multiple recipients without the need for their banking information.

Key features

  • Create and upload a single file that lists multiple individual payments for Interac to process.
  • Businesses can customize Interac e-Transfer notifications, so customers see your brand.
  • Payments are tracked and reported to show exactly which ones have been deposited.

What is it?

The Interac e-Transfer Bulk Payables functionality leverages the existing Interac e-Transfer platform to offer a secure, fully electronic mechanism to send payments to multiple recipients.
Bulk Payables gives you the following features:

Create and upload a single file that lists multiple individual payments for Interac to process.

Create and upload a single file that lists multiple individual payments for Interac to process.

Create and upload a single file that lists multiple individual payments for Interac to process.

Who it’s for

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Requirements:

  • Requirement 1
  • Requirement 2
  • Requirement 3

Who can use it

Financial Institutions / Issuers (FI).

How it works

How Bulk Payables works

Customer (the sender) requests a bulk payments transfer through their financial institution

The Financial Institution (FI) prepares the transfer file and sends it to Interac

Interac validates and processes the file, sending payments to each of the customer’s recipients via e-Transfer

Customer (the sender) requests a bulk payments transfer through their financial institution

The Financial Institution (FI) prepares the transfer file and sends it to Interac

Interac validates and processes the file, sending payments to each of the customer’s recipients via e-Transfer

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