Canada’s payments modernization effort chugs towards ‘real time rail’ by end of 2019

Do you remember what making payments was like in the year 2000? At a restaurant, you'd either be counting out your pennies and calculating the tip percentage in your head. Or if you

Published on: September 18th, 2018 Brian Jackson

Learn from the best with the 2018 ITWC Digital Transformation Awards hub

With the conclusion of ITBusiness.ca parent ITWC's 2018 Digital Transformation Conference and Awards Ceremony on Aug. 14, we're gathering all of the wit and wisdom amassed before, during, and after the conference into

Published on: August 15th, 2018 Eric Emin Wood

How Interac has kept up with the digital transformation-driven times

In a sense, Interac has always been a digital brand - after all, it began as a non-profit collaboration between four of Canada's big five banks designed to facilitate technology-based payments, and unlike

Published on: August 8th, 2018 ITBusiness Staff

U.A.E. expansion illustrates Interac’s increasing heft as a global brand

Given its genesis as a cooperative venture between Canada's big five banks, you could forgive Canadians for thinking of Interac Corp. as a homegrown secret rarely known outside its borders - but as

Published on: July 17th, 2018 Eric Emin Wood

Interac opens innovation lab in Kitchener’s Communitech research hub

Interac Corp. is setting up shop in Kitchener-Waterloo. On Tuesday, the payments giant announced the launch of the Interac Lab, an "innovation outpost and accelerator" located at Kitchener, Ont.-based hub Communitech that will

Published on: June 19th, 2018 Eric Emin Wood

Interac e-Transfer transactions jumped more than 50 per cent in 2017

Canadians used the Interac e-Transfer service in record numbers last year, especially on mobile devices, according to the company behind the popular platform. More than 241 million transactions, worth a total of more

Published on: February 27th, 2018 Alex Coop

Interac adds money request, auto-deposit features to e-Transfer platform

The Interac Association has just given Canadian retailers and other small and medium-sized businesses (SMBs) two new ways to send and receive money. On Tuesday, the financial transaction network announced the release of

Published on: October 31st, 2017 Eric Emin Wood

How popular are mobile payments in Canada, anyway?

Only 12 per cent of Canadian smartphone owners have used their phones to make an NFC payment, according to Visa Inc. Numbers like that indicate mobile payment technology isn't catching on with Canadians

Published on: August 18th, 2017 Eric Emin Wood

Canada still has a ways to go before it becomes cashless

TORONTO - With countries like Sweden and South Korea announcing bold plans to go completely cashless over the next five years, Canadians have to wonder: when will Canada do the same? Not anytime soon,

Published on: March 1st, 2017 Alex Radu

Here’s why Canada was waiting for expanded Apple Pay support

Canadian banks may not have supported Apple Pay at its initial launch last November because the technology wasn't compatible with Interac Association's chip-and-pin contactless authentication method. Apple entered the Canadian market late last

Published on: May 10th, 2016 Brian Jackson

Apple Pay expands in Canada with support from major banks for debit and credit cards

Millions more Canadians could finally have access to Apple Pay, with the Cupertino, Calif. tech giant announcing today that the big five national banks, and payment networks Interac, Visa, and MasterCard have all pledged

Published on: May 10th, 2016 Brian Jackson

Interac collaborates with IBM to introduce new secure digital payment service

As mobile payments - and the security risks associated with them - gain traction, the need to protect users' personal information grows too, a fact that hasn't escaped the notice of Canada's leading

Published on: February 22nd, 2016 Eric Emin Wood

Scotiabank makes it easier for businesses to pay their vendors

One of Canada’s big five banks has announced a new service allowing line of business users to make instantaneous bulk payments to vendors and customers. Scotiabank revealed today that it is the first

Published on: October 26th, 2015 Lindsey Peacock

New mobile payments solution takes both debit and credit

With a slew of payment solutions providers now entering the mobile payments arms race, Moneris Solutions Corp. has now bumped up its list of payment options. It's now allowing small business owners to take

Published on: June 23rd, 2014 Candice So