When you choose to pay with Interac Flash, you’re choosing one of the safest methods of payment available today. We’ve incorporated all the built-in protection of Interac Debit along with additional features to help keep your money safe.
Transaction limits and total spending limits are in place to ensure you are protected if your card is ever lost or stolen. A transaction limit limits the amount you can spend on an individual purchase, while the total spending limit is the maximum amount you can spend through cumulative Interac Flash transactions. If you reach one of these limits, which are set by your financial institution, you will be prompted to insert your card and enter your PIN to confirm you are the authorized card holder.
Not all contactless payment technologies are created equally. Interac Flash uses EMV secure chip processing to store and process data securely. This makes it impossible to create counterfeit cards, and protects consumers against fraudulent activity, including skimming, transaction replay types of fraud, and tactics like electronic pickpocketing.
Your card needs to be less than 4 centimetres away from the terminal and positioned at a certain angle, and you must choose Interac Flash as the payment type before your transaction can be initiated.
For your protection, Interac Debit and Interac Flash transactions are carried out online and in real-time, meaning that financial institutions see and approve each and every transaction and the card must be present at the physical point-of-sale. The bank card number alone cannot be used to complete a payment transaction – it is simply an identifier, not an account number.
If you lose your card you should contact your financial institution immediately, but rest assured – the Interac Zero Liability policy protects you. You will not be liable for losses resulting from unauthorized transactions. This includes losses resulting from technical errors, system problems or fraud.