Introducing Interac
Interac is Canada’s leading domestic debit card network, empowering millions of Canadians to perform everyday transactions — securely, conveniently, and efficiently.
Founded in the 1980s and headquartered in Toronto, Interac Corp. offers a wide range of payment and value exchange services, including debit transactions, e-transfers, and digital identity tools. As a national scheme, Interac is deeply integrated into the daily lives of Canadians and the operations of local businesses.
Key Features of Interac
- Ubiquity Across Canada: its widespread reach ensures consistent user experiences and high consumer trust,
- Diverse Payment Methods: Interac supports multiple transaction types (EMV chip and PIN, contactless (Flash) payments, digital wallet support, etc.),
- Cross-Border Capabilities: it enables Canadian cardholders to perform debit transactions in the United States where Interac is accepted through partnerships and routing agreements,
- Security First: the combination of EMV, tokenization, and real-time fraud monitoring makes it one of the most secure payment methods in Canada.
Key figures (2023)
- 18.6 million+ daily transactions processed through the Interac network
- 6.6 billion+ Interac Debit transactions annually
We support our clients to penetrate the Canadian market by supplying the Interac contactless kernel. Moreover, for a SoftPOS solution, we obtained the EMV Level 2 certification, so our clients can undergo directly to the Level 3 certification. Therefore, it shortens their time-to-market when deploying this payment scheme.
