Who we are
Interac is Canada’s leading payments brand and is chosen an average of 16 million times daily to pay and exchange money. Together, Interac Association and Acxsys Corporation operate an economical, world-class debit payments system with broad-based acceptance, 24/7/365 reliability, security, and efficiency.
For more than 30 years, Interac has facilitated secure financial transactions through the development of innovative and convenient digital debit and money transfer solutions. Interac is a leader in the prevention and detection of fraud with one of the lowest rates of fraud globally. Visit interac.ca and follow us on Twitter @interac for more information and regular news and updates.
What we do
Interac® branded products and services are currently offered by Interac Association and Acxsys Corporation, which together operate an economical, world-class debit system. With broad-based acceptance, 24/7 reliability, security and efficiency, Interac products and services are an everyday part of life for Canadians.
Whether you’re shopping in a local store, across the border or online, sending money using online banking, or getting cash at an ABM, there’s an Interac product or service to meet your needs. And we continue to innovate and create new and easier ways to keep your money secure and accessible in real time for whatever – or whomever – matters to you.
About Interac Association
Interac Association is a recognized world leader in debit card services. It is responsible for the development and operations of the Interac network, a national payment network that allows Canadians to access their money at ABMs through the Interac Cash service and at point-of-sale terminals across Canada through the Interac Debit service. Interac Debit also includes Interac Flash, a secure contactless enhancement that allows Canadians to pay for items instantly by holding their cards at point-of-sale readers that support Interac Flash.
Interac Association started in 1984 as a cooperative venture between five Canadian financial institutions: Royal Bank, CIBC, Scotiabank, TD Bank and la Confédération des caisses populaires et d’économies Desjardins du Québec. These financial institutions had a vision to create a single national shared network to give Canadians broader access to their cash from ABMs across Canada and the Interac Cash service was launched. The Association quickly grew to 10 members, as Bank of Montreal, Canada Trust, Laurentian Bank, National Bank and Credit Union Central of Canada joined the original five by 1986. Following the success of Interac Cash, Interac Association launched the Interac Debit service in 1994, Canada’s first national debit card service for purchases at the point-of-sale. – less