Interac Corp.

Interac Corp. is a cornerstone of the Canadian financial landscape, serving as the central operator for the nation's debit payment system and a leading provider of digital identity and authentication services. Established to facilitate secure financial exchanges, the company connects nearly 300 financial institutions, enabling millions of daily transactions across point-of-sale, online, and peer-to-peer platforms. By bridging the gap between traditional banking and modern digital needs, Interac has become an essential utility for consumers, businesses, and government entities alike. Beyond its foundational payment infrastructure, Interac has aggressively expanded into the digital identity space. Through strategic acquisitions and the development of the Interac Verified suite, the company provides robust tools for secure data verification and authentication. This evolution reflects Interac's commitment to maintaining high security standards while fostering innovation in the digital economy, ensuring that Canadians can interact with digital services with confidence and ease.

Interac’s mission is to lead Canadians to digital prosperity, defined as a vision where everyone, regardless of their background or circumstance, has equal access to the benefits of the digital ecosystem.

• Processes over 18 million transactions daily on average.
• Recognized as one of Canada’s most trusted financial brands.
• Successfully merged the Interac Association and Acxsys Corporation in 2018 to unify operations.
• Maintains one of the lowest fraud rates globally for its payment types.
• Expanded digital identity capabilities through the acquisition of 2Keys Corporation and SecureKey Technologies assets.

Sources

• Interac Corp. - About Us
• Interac Corp. - History
• Wikipedia - Interac
• Interac Corp. - Corporate Year in Review