Interac

Canada’s trusted debit payment network for secure everyday transactions

Overview

Interac is Canada’s national debit payment network, connecting consumers, businesses, and financial institutions across the country. Founded in 1984, Interac enables secure, low-cost payments through debit cards, online banking, and mobile devices. It plays a central role in Canada’s payments ecosystem, processing billions of transactions annually and serving as the backbone for real-time transfers and in-store debit payments.

Interac’s reliability, low fraud rates, and strong domestic infrastructure make it the preferred payment method for Canadian consumers and merchants alike. It has also expanded its capabilities through Interac e-Transfer, supporting peer-to-peer (P2P) payments and small business transfers across financial institutions.

Key Services / Solutions

Interac offers a suite of payment solutions that cover personal, business, and online commerce use cases, including:

Interac Debit — for point-of-sale transactions using chip, tap, or mobile

Interac e-Transfer — enabling real-time peer-to-peer and business transfers

Interac Online — for direct online payments through bank accounts

Interac for Business — supporting real-time settlement and digital invoicing

Fraud prevention and security tools leveraging tokenization and authentication

Supported Payment Methods

Interac operates as a debit and transfer network integrated with major Canadian banks and financial institutions. Supported payment options include:

Interac Debit cards (chip, contactless, and mobile)

Interac e-Transfer via participating banks and credit unions

Integration with mobile wallets such as Apple Pay, Google Pay, and Samsung Pay

Target Markets / Regions

Interac operates primarily in Canada, serving consumers, merchants, and government agencies nationwide. It has also expanded internationally through partnerships that enable cross-border debit acceptance and real-time money transfers to other markets

Strengths / Differentiators

National debit network trusted by Canadians for over 30 years

Real-time transfer capabilities through Interac e-Transfer

Extensive bank partnerships covering nearly all financial institutions in Canada

Strong fraud prevention and security protocols with industry-leading uptime

Low transaction costs for merchants compared to credit card networks

Want to know more about Interac?
Contact Bizz2Pay today to discuss your requirements or get introduced to the right Interac team member or Payment Provider accepting Interac