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Corporation
INTERNET | Internet Software & Services / Payments
interac.ca

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Partners & Customers

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About Interac

Interac Association is responsible for the development and operations of the Interac network, a national payment network that allows Canadians to access money through Interac Cash at automated banking machines and Interac Debit at point-of-sale terminals across Canada. Interac Flash, a secure contactless enhancement of Interac Debit allows Canadians to pay for items instantly with their Interac chip debit card at a reader that supports Interac Flash.

Interac Headquarter Location

Royal Bank Plaza, North Tower 200 Bay Street, Suite 2400

Toronto, Ontario, ON M5J 2J1,

Canada

855-789-2979

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Interac Web Traffic

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Latest Interac News

Profit Revenue Aids Your. Quick and convenient! In a busy industry that will be thus extremely important

Jan 6, 2022

In a busy industry that will be thus extremely important Whether were surviving a together or live our typical schedules, we you and want to be sure youre handled. Since 1992, we progressed all of our products to greatly help almost 1.2 million Canadians and their emergency funds goals. And certainly will still progress in many years to come. Experience secure with our team The planet is changing, and so are we. Within sites, we’re doing personal distancing and increased disinfecting steps. Whenever you are not comfortable visiting a local store, capture comfort once you understand individual data is secure by the McAfee PROTECT certified system if you decide to work with all of us on the web. Borrow with benefits Happened to be straight-laced. So we should be. We follow all provincial legal guidelines. So that as a part of this Canadian buyers financing connection we follow liable financing ways. We adhere most of the procedures in order to feel at ease understanding your very best interest are all of our http://speedyloan.net/payday-loans-ga/athens-4/ main concern. Obtain the assist you to need If you have questions or issues, the Toronto-based Contact Center is here now to assist. Our associates include knowledgeable and courteous, and they are readily available 1 week per week. Contented Customers I experienced the greatest experience with this provider. Anything was rapidly and easy. I will undoubtedly continue doing company together with them. – Michael J. of NS No publicity. No awkward inquiries. No pressure. All exercised within per day. And I pays the loan back once again at a real put. Maybe not somebodys fund. A genuine company. Very easy to pertain and quick response. Customer support awesome. Actual Consumer Recommendations Discover a Store Close Me Proceed with the Canadian Consumer loans Association to stay current on legislation and just how they are going to affect your use of brief credit score rating. Loan supply and mortgage quantities differ by place. Payday advance loan tend to be higher expense financing. Financing quantities were at the mercy of net wages alongside qualification demands. Advertising rates unavailable in Alberta, Manitoba, brand-new Brunswick or Saskatchewan. British Columbia Residents: maximum expense permitted in British Columbia for a Payday Loan is actually 15% associated with the major. We cost $15 per $100 lent. On a $300 mortgage for a fortnight, the entire price of borrowing try $45, with an overall payback level of $345 and an APR of 391.07percent. $300 for $20 marketing speed – Under this provide, on a $300 mortgage for 14 days, the cost of borrowing is actually $20, with an overall total payback amount of $320 and an APR of 173.81%. Routine charge pertain on subsequent financial loans while the cost of borrowing at funds Money in British Columbia are $15 per $100 lent. BC Permit #50066. Manitoba Residents: In Manitoba, the most allowable charge for a quick payday loan is actually 17percent of main number of the mortgage. We recharge $17 per each $100 loaned. On a $300 financing for 12 weeks, the expense of borrowing from the bank was $51, the full total that needs to be prepaid service try $351 and an APR of 517.08%. For more information on the legal rights as a payday loan borrower, get in touch with the customers Safety Office at 945-3800, (800) 782-0067 or at. Nova Scotia customers: the expense of borrowing is $19.00 per $100 on a $300 loan for a fortnight (495.36per cent APR). $300 for $20 advertising rate – Under this present, the price of credit is actually $6.67 per $100 on a $300 loan for a fortnight (173.81% APR). Newfoundland owners: the utmost allowable cost of borrowing under pay day loan contracts in Newfoundland and Labrador are $21 per $100 borrowed. We demand $21 per each $100 lent. On a $300 financing for a fortnight, the whole price of borrowing from the bank is $63, with an overall payback number of $363 and an APR of 547.50per cent. Ontario customers: the utmost permitted price of borrowing per $100 lent in Ontario is $15. Our expense per $100 borrowed was $15. On a $500 financing for 14 days, the price of credit was $75, with a complete payment quantity of $575 and an APR of 391.07%. $300 for $20 marketing rate – Under this offer, on a $500 financing for 14 days, the price of borrowing per $100 might possibly be $6.67 on the very first $300 borrowed, right after which $15 per $100 regarding extra $200 lent, with a total price of credit of $50, and an APR of 260.71%. Saskatchewan customers: the utmost allowable cost of borrowing under payday loan contracts in Saskatchewan is actually $17 per $100 borrowed. We cost $17 per each $100 borrowed. On a $300 loan for two weeks, the total cost of borrowing are $51, with an overall payback quantity of $351 and an APR of 443.21percent. $300 for $20 advertising rate – Under this provide, on a $300 mortgage for a fortnight, the sum of the cost of borrowing is actually $20, with a total payback level of $320 and an APR of 173.81percent. Typical costs pertain on following financial loans, and the maximum permitted price of borrowing from the bank we charge under payday loan agreements in Saskatchewan was $17 per $100 lent. Online Installment Loans/Lines of credit score rating: mortgage minimum of $500 to at the most $10,000, according to a complete program, web wages and other qualification requisite, and buyer confirmation like a credit check. Installment financing terminology come from 6 months to 60 period and are generally on the basis of the quantity lent. Shop Installment Loans/Lines of Credit: Loan at least $100 to at the most $10,000, based on a completed software, net wages along with other qualification requisite, and customer confirmation including a credit check. Installment loan conditions are from 6 months to 60 months and are usually in line with the amount lent. Payments become due on planned earnings deposits. Earnings funds offers temporary unsecured loans and is not a credit fix solution. Annual Rate Of Interest 46.93percent. Lending decisions and funding instances subject to system limitations. 15-minute investment offered only if utilizing Interac e-Transfer . Subject to lender handling and program restrictions. Interac e-Transfer can help convert funds to $10,000. Interac additionally the Interac design include subscribed trademarks of Interac Inc. Loan Protection: need to be 18 years or elderly, and under 70 yrs old to-be qualified. Plan offered and given by premiums service class Inc. Underwritten by Canadian top-quality insurance Company. Western Union in addition to West Union logo are licensed trademarks of West Union Holdings, Inc. Opt+: This credit are issued by RATE discount and Credit Union brief pursuant to permit by Mastercard Global. Utilization of this card is influenced from the contract under it try issued. Mastercard are a registered trademark, and also the sectors design is actually a trademark of Mastercard International designed. No charge lots and unloads at Cash revenue places best. SHARE

Interac Acquisitions

4 Acquisitions

Interac acquired 4 companies. Their latest acquisition was SecureKey Technologies on October 01, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/1/2021

Grant

$99M

$73.67M

Acquired

1

11/5/2019

Grant

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$99M

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10

2/12/2018

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$99M

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10

10/1/2005

Other Venture Capital

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$99M

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0

Date

10/1/2021

11/5/2019

2/12/2018

10/1/2005

Investment Stage

Grant

Grant

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

$73.67M

Note

Acquired

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Sources

1

10

10

0

Interac Partners & Customers

10 Partners and customers

Interac has 10 strategic partners and customers. Interac recently partnered with SecureKey Technologies on October 10, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

10/1/2021

Licensor

SecureKey Technologies

Canada

Payments network to offer digital ID services from SecureKey to Canadians

SecureKey will continue operating its international business , while collaborating on digital ID and network development , and licensing deals in other markets , according to the announcement .

1

3/2/2021

Client

Payments Canada

Canada

1

11/10/2020

Client

Walmart

United States

Interac Collaborates with Walmart to Expand Debit Payment Options across Digital Shopping Experience

With nearly 300 financial institutions connected to our network , Canadians choose Interac Corp. products an average of 18 million times a day to pay and exchange money .

1

8/6/2020

Partner

Everlink Payment Services

Canada

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10

5/26/2020

Partner

XTM, and Royal Bank of Canada

Canada

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10

Date

10/1/2021

3/2/2021

11/10/2020

8/6/2020

5/26/2020

Type

Licensor

Client

Client

Partner

Partner

Business Partner

SecureKey Technologies

Payments Canada

Walmart

Everlink Payment Services

XTM, and Royal Bank of Canada

Country

Canada

Canada

United States

Canada

Canada

News Snippet

Payments network to offer digital ID services from SecureKey to Canadians

SecureKey will continue operating its international business , while collaborating on digital ID and network development , and licensing deals in other markets , according to the announcement .

Interac Collaborates with Walmart to Expand Debit Payment Options across Digital Shopping Experience

With nearly 300 financial institutions connected to our network , Canadians choose Interac Corp. products an average of 18 million times a day to pay and exchange money .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

1

1

10

10

Interac Team

4 Team Members

Interac has 4 team members, including current Chief Executive Officer, President, Mark O Connell.

Name

Work History

Title

Status

Mark O Connell

Chief Executive Officer, President

Current

Linda Drysdale

Canadian Tire, BCE, PwC, and Deloitte

Chief Financial Officer

Current

William Keliehor

Chief Commercial Officer

Current

Joanne De Laurentiis

Chief Executive Officer, President

Former

Name

Mark O Connell

Linda Drysdale

William Keliehor

Joanne De Laurentiis

Work History

Canadian Tire, BCE, PwC, and Deloitte

Title

Chief Executive Officer, President

Chief Financial Officer

Chief Commercial Officer

Chief Executive Officer, President

Status

Current

Current

Current

Former

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