Interac
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Interac is a Canadian interbank network that links financial institutions and other enterprises for the purpose of exchanging electronic financial transactions. Interac serves as the Canadian debit card system and the predominant funds transfer network via its e-Transfer service. There are over 59,000 automated teller machines that can be accessed through the Interac network in Canada, and over 450,000 merchant locations accepting Interac debit payments.
~6 min read
Encyclopedic overview
11 sectionsContents
- History
- Services
- Interac Direct Payment (IDP)
- Interac chip cards
- Shared Cash Dispensing (SCD)
- Interac e-Transfer Service
- Interac Online
- See also
- References
- Bibliography
- External links
Interac is a Canadian interbank network that links financial institutions and other enterprises for the purpose of exchanging electronic financial transactions. Interac serves as the Canadian debit card system and the predominant funds transfer network via its e-Transfer service. There are over 59,000 automated teller machines that can be accessed through the Interac network in Canada, and over 450,000 merchant locations accepting Interac debit payments.
==History==
Excerpted from Wikipedia’s “Interac” article, available under the CC BY-SA 4.0 licence.