Market disruptions, innovations and collaborations will continue to challenge traditional payment methods, Interac AVP Anurag Kar writes in the new PYMNTS eBook, “2023 Payments New Year’s Resolutions.” The payments industry has undergone a tremendous digital revolution amid rapidly shifting consumer expectations and market demand in...
Public transit is still reeling from pandemic impacts that left trains and buses mostly empty in 2020 and 2021. Recently, there’s been a push by transit authorities to consider open-loop payment systems that accept the rider’s preferred payment method, encouraging commuters or visitors to simply...
Anurag Kar, AVP, money movement, at Interac, writes in the PYMNTS eBook “Baseline 2022: What the Next Six Months Holds” that digital, real-time payments will continue to increase in usage and uptake as organizations find ways to incorporate them into the mix. Canadians will...
Toronto-based online payment service Interac is adding a network provider following an outage at Rogers Communications last week that prevented millions of Canadians from making online payments. “We are adding a supplier [besides Rogers] to strengthen our existing network redundancy so Canadians can continue to...
February 16, 2023
Market disruptions, innovations and collaborations will continue to challenge traditional payment methods, Interac AVP Anurag Kar writes in the new PYMNTS eBook, “2023 Payments New Year’s Resolutions.” The payments industry has undergone a tremendous digital revolution amid rapidly shifting consumer expectations and market demand in the last decade. Out of necessity, businesses adapted to deliver […]
November 30, 2022
Public transit is still reeling from pandemic impacts that left trains and buses mostly empty in 2020 and 2021. Recently, there’s been a push by transit authorities to consider open-loop...
June 30, 2022
Real-time payments are coming to Canada in 2023 as the country’s Real Time Rail (RTR) scheme gets switched on for a nation that’s been making good use of instant electronic transfers...
May 26, 2022
The best fraud prevention goes on in the background — stopping the bad actors, quietly, while enhancing the customer experience. Jason Paguandas, vice president of fraud mitigation and strategy at...
April 16, 2024
Interac has acquired the exclusive Canadian rights to use Vouchr’s engagement platform. This platform allows users to send and receive personalized multimedia notifications along with money transfers, and the deal will enable multimedia Interac e-Transfer notifications that can be customized by Canadian consumers and businesses, the companies said in a Tuesday (April 16) press release. “As Canadians show increased […]
July 11, 2022
Toronto-based online payment service Interac is adding a network provider following an outage at Rogers Communications last week that prevented millions of Canadians from making online payments. “We are adding...
May 31, 2022
Canadian payment and value exchange service provider Interac said it has reached a “money movement milestone,” with customers using its e-Transfer service making more than 1 billion yearly transactions. As...
December 08, 2021
Walmart Canada and Interac Corp. have partnered to offer the retailer’s customers the ability to pay with Interac Debit for online purchases at Walmart.ca and in-app using Apple Pay, according to a...
