About Interac Corp.

Inter Member Network makes it possible to access the money in your bank account through any ABM or point-of-sale terminal operated by a member of the network.

Interac e-Transfer network lets businesses and consumers easily send or request money from one bank account to another. We are working on exciting new ways to use this network where a smartphone can be used to scan a quick-reference code and transfer the money instantly via their bank account.**

Interac Debit is more than just a card. Whether you use your card, phone, smartwatch or e-Commerce checkout, there are so many ways to pay using Interac Debit.

Interac e-Transfer lets Canadians and businesses send and request money quickly. It makes it possible for two bank accounts to securely exchange information directly with each other. With Interac e-Transfer Canadians can even send money internationally.

Payment Processors (Acquirers). They give merchants the tools (both hardware and software) to accept Interac Debit at point of sale. They ‘acquire’ funds from a cardholders account, facilitating moving the funds to a merchant account.

Settlement Agents. They approve the final transfer of funds from one account to another, ensuring everything follows Canadian payment rules and regulations. The Bank of Canada is the highest settlement agent in the country.