Interac Corp. Revenue and Competitors

Interac Corp. operates an economical, world-class debit payments system with broad-based acceptance, reliability, security and efficiency. The organization is one of Canada's leading payments brands and is chosen an average of 16 million times daily to pay and exchange money. For more than 30 years, Interac Corp. through its predecessors, Interac Association and Acxsys Corporation, have facilitated secure financial transactions through the development of innovative and convenient debit and money transfer solutions. A leader in the prevention and detection of fraud, the organization has one of the lowest rates of fraud globally. Interac Corp. has a diverse group of shareholders that includes banks, credit unions, caisses populaires, payment processors and merchants. Interac Corp. is constantly innovating and evolving to ensure that connected consumers can continue to choose Interac products now and well into the future, on multiple platforms and devices. The services offered by Interac Corp. include: - INTERAC Cash giving Canadians greater access to their cash at ABMs across Canada - INTERAC Debit Canada's first national debit card service for purchases at point-of-sale - INTERAC Flash the secure contactless enhancement of Interac Debit that allows Canadians to pay for items instantly by holding their cards at supported point-of-sale readers. - INTERAC e-Transfer for the transfer of money from one person's banking account to another - INTERAC Online for secure online payments made directly from a banking account - mobile payments solutions - international services which provides Canadian cardholders with point-of-sale access at roughly 2 million U.S. retailers, and ABM access for cash withdrawals to foreign cardholders in Canada.