Interac

Results for the first quarter of 2019 - Desjardins Group records surplus earnings of $401 million for the first quarter

Retrieved on: 
火曜日, 5月 14, 2019
Financial services, Economy, Finance, Cooperative banking, Banking in Canada, Payment systems, Desjardins Group, Interac, The Personal, Dividend

A profit related to the restructuring of Interac Corp. was also recognized in the first quarter of 2018.

Key Points: 
  • A profit related to the restructuring of Interac Corp. was also recognized in the first quarter of 2018.
  • There was also another $10 million in commitments made in the first quarter of 2019 related to the $100 million regional development fund.
  • For the first quarter of fiscal 2019, the Personal and Business Services segment reported surplus earnings before member dividends of $335 million (Q1 2018: $275 million).
  • Just like its peers in the insurance industry, Desjardins Group is closely monitoring the flooding in Quebec, eastern Ontario and New Brunswick.

Samsung Pay Network Expands with New Canadian Partnership

Retrieved on: 
月曜日, 3月 25, 2019
Economy, Money, Companies, Debit cards, Credit cards, Mobile payments, Payment systems, Online payments, Samsung Pay, Samsung Electronics, MasterCard, Interac

MISSISSAUGA, ON, March 25, 2019 /CNW/ - Samsung Electronics Canada Inc.today announced a new partnership with the Canadian Credit Union Association(CCUA) on behalf of the Canadian credit union sector.

Key Points: 
  • MISSISSAUGA, ON, March 25, 2019 /CNW/ - Samsung Electronics Canada Inc.today announced a new partnership with the Canadian Credit Union Association(CCUA) on behalf of the Canadian credit union sector.
  • "Samsung is committed to driving innovation, whether that's through our Samsung Pay services or through our latest products like the Galaxy S10.
  • As the first Canadian credit union to launch Samsung Pay, Steinbach Credit Union joins an expansive list of Samsung Pay bank partners offering Interac Debit, Mastercard and Visa.
  • Samsung Pay provides consumers with a seamless mobile payment solution designed to offer:
    Simple:To make a payment on Samsung Pay, users can simply swipe up, scan their fingerprint, iris or input their four-digit PIN, and tap to pay.

Ninety-six per cent of Canadians failed to spot fraud when put to the test

Retrieved on: 
金曜日, 3月 1, 2019
Money, Crimes, Property crimes, Financial services, Deception, Fraud, Tort law, Interac

TORONTO, March 1, 2019 /CNW/ -Canadians are overconfident in their ability to spot fraud.

Key Points: 
  • TORONTO, March 1, 2019 /CNW/ -Canadians are overconfident in their ability to spot fraud.
  • The Interac #SafeNotSorry Experiment found that Canadians were particularly susceptible to fraud related to unsecure URLs (82 per cent).
  • Hill+Knowlton Strategies conducted an online survey with 1,064 Canadians to explore consumer awareness of online fraud and gauge Canadians' ability to recognize suspect communications.
  • A leader in the prevention and detection of fraud, the organization has one of the lowest rates of fraud globally.

Allied Wallet Adds More Payment Options in One of the World’s Richest Countries

Retrieved on: 
火曜日, 2月 19, 2019
Technology, Online Retail, Software, Security, Retail, Payment systems, Economy, Money, Financial services, E-commerce, Allied Wallet, Interac, Payment processor, Alternative payments, E-commerce payment system, Digital wallet

Allied Wallet, a globally leading provider of mainstream online payment processing , recently added new alternative payment methods in Canada to support continued e-commerce growth.

Key Points: 
  • Allied Wallet, a globally leading provider of mainstream online payment processing , recently added new alternative payment methods in Canada to support continued e-commerce growth.
  • Allied Wallet is offering new alternative payment options catered to Canadian payment processing.
  • Allied Wallet recently added INSTADEBIT , Interac Online, and SafetyPay to give merchants more options to accept payments in Canada.
  • With PCI compliant merchant services for nearly any business size, Allied Wallet provides a state-of-the-art payment gateway to optimize online transactions.

On Track Innovations Receives Interac Certification for Canadian Market

Retrieved on: 
火曜日, 10月 30, 2018
Economy, Money, Financial services, Payment systems, Debit cards, Banking in Canada, Interac, E-commerce, Cashless society, Digital currency

Interac Corp. operates an economical, world-class debit payments system with broad-based acceptance, reliability, security, and efficiency.

Key Points: 
  • Interac Corp. operates an economical, world-class debit payments system with broad-based acceptance, reliability, security, and efficiency.
  • "We are pleased to announce that we have received the Interac certification, reaffirming our commitment to remain at the forefront of innovation within the exciting Canadian unattended payment market," said Shlomi Cohen, CEO of OTI.
  • "Canada has over 59,000 automated tellermachines and over 450,000 merchant locations accessible through the Interac network, making this certification essential to doing business in Canada.
  • On Track Innovations (OTI) is a global leader in the design, manufacture, and sale of secure cashless payment solutions using contactless NFC technology.

HSBC Advance: "Waive" goodbye to monthly banking fees

Retrieved on: 
火曜日, 9月 11, 2018
Financial services, Economy, Finance, Credit cards, Investment banks, Primary dealers, Banking, HSBC, Transaction account, Interac, Cheque, Bank

Barry Gollom, Senior Vice President Products and Client Experience of Retail Banking and Wealth Management at HSBC Bank Canada, said: "We are taking premium 'all-in-one' banking to a whole new level.

Key Points: 
  • Barry Gollom, Senior Vice President Products and Client Experience of Retail Banking and Wealth Management at HSBC Bank Canada, said: "We are taking premium 'all-in-one' banking to a whole new level.
  • While most banks' require customers to maintain a minimum balance in their chequing account to qualify for waived monthly banking fees, HSBC Advance offers greater flexibility by allowing our customers to bundle their personal deposits and investments."
  • Unlimited day-to-day Advance chequing account transactions including, free withdrawals and deposits at HSBC branches, free Interac e-transfers, mobile cheque deposit and Apple Pay
    "With this innovative approach to chequing account fees HSBC Advance customers can now save hundreds of dollars each year on monthly banking fees while also saving and investing for the future.
  • HSBC InvestDirect is a division of HSBC Securities (Canada) Inc., a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada.

Worry-Free Money Starts with Worry-Free Spending

Retrieved on: 
水曜日, 6月 6, 2018
Money, Financial services, Payment systems, Economy, Banking in Canada, Interac, Smart Money

TORONTO, June 6, 2018 /CNW/ - Smart money management starts with smart spending.

Key Points: 
  • TORONTO, June 6, 2018 /CNW/ - Smart money management starts with smart spending.
  • That's why Interac has teamed up with money expert Shannon Lee Simmons to help Canadians manage their everyday spending, a process that starts well before reaching the till.
  • According to Simmons, having a spending strategy in place versus a ridged budget and choosing to pay with your own money are great tools to avoid what she calls the 'spending vortex'.
  • Spending Money, which is the money left over to spend on things like groceries, gas, clothes and entertainment, offering greater flexibility to account for shifting priorities month to month.

New podcast network to give listeners an inside look at Canadian politics and government

Retrieved on: 
月曜日, 6月 4, 2018
Money, Financial services, Economy, Banking in Canada, Interac, Ideas, Podcast

The 2020 Network presented by Interac , is a new podcast channel produced at Canada 2020 in Ottawa.

Key Points: 
  • The 2020 Network presented by Interac , is a new podcast channel produced at Canada 2020 in Ottawa.
  • The 2020 Network serves up new shows each week that showcase the ideas and people shifting and shaping the political conversation in Canada.
  • "Canadians love podcasts - especially ones that feature insightful conversation about big ideas," said Alex Paterson, Director of Communications & Operations at Canada 2020.
  • "That's why we're thrilled to launch The 2020 Network, a new platform where Canada's political and policy conversation will come to life each week on the same feed.

How to make a payment to the Canada Revenue Agency

Retrieved on: 
水曜日, 4月 25, 2018
Economy, Money, Financial services, Payment systems, Debit cards, Direct debit, Interac, Visa Debit, Debit MasterCard, MasterCard, Payment, Maestro

using the CRA's pre-authorized debit service offered through My Account , which lets you:

Key Points: 
  • using the CRA's pre-authorized debit service offered through My Account , which lets you:
    through the CRA's My Payment service, which lets you make payments online.
  • You can use this service if you have Visa Debit, Debit MasterCard or Interac Online at a participating financial institution
    in person at any Canada Post outlet using cash or debit card.
  • If you owe money to the CRA but you can't pay the full amount now, the CRA can work with you to set up a payment arrangement .
  • To make a payment arrangement for you or your business, learn about paying by pre-authorized debit or contact the CRA .