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Interac

Payments network enabling access and transfers

Overview

Interac is a Canadian payments and identity network that connects nearly 300 financial institutions to enable safe, digital payments and money transfers. It operates a payments network that links banks to support transactions like payments and person-to-person transfers, as well as identity-related experiences, so Canadians can access, spend and send funds quickly and securely from anywhere. What sets Interac apart is its large, trusted nationwide network and strong emphasis on interoperability, security, privacy, and inclusivity, along with a high everyday usage average (about 18 million Interac experiences per day). The company’s goal is to make payments and identity services more accessible and reliable for Canadians while maintaining security and privacy, and continuing to broaden financial inclusion.

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About Interac

Simplify's Rating
Why Interac is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

FintechFinancial Services

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Toronto, Canada

Founded

1984

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What believers are saying

  • Global Payments enabled Konek on September 29, 2026, expanding merchant distribution nationally.
  • PayFacto launched Konek on October 29, 2026, widening hospitality and POS reach.
  • Budget 2026 backs RTR and digital credentials, reinforcing Interac’s modernization agenda.

What critics are saying

  • Apple Pay, Visa, and Mastercard can squeeze Interac from everyday consumer checkout.
  • Interac Verified rollout is phased through 2026, leaving fraud exposure during deployment.
  • If merchant adoption stalls, Interac becomes a legacy utility, not a growth platform.

What makes Interac unique

  • Interac reaches nearly 300 financial institutions and over 20 million daily transactions.
  • Konek offers Canada’s only pay-by-bank wallet with issuer fraud liability.
  • Interac Verified now has exclusive Canadian Incode rights and iBeta Level 3 liveness.

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Benefits

  • Professional Development Budget
  • Conference Attendance Budget
  • Performance Bonus

Company News

Newswire
Oct 29th, 2026
PayFacto merchants nationwide gain access to Konek(TM).

PayFacto merchants nationwide gain access to Konek(TM). Oct 29, 2026, 07:59 ET Montreal-based payment solutions provider integrates Konek digital wallet across its platform and merchant network TORONTO, Oct. 29, 2026 /CNW/ - Interac Corp. (Interac) today announced that PayFacto Payments Inc. (PayFacto), a Montreal-based leader in payment and hospitality technology, is integrating Konek across its merchant and partner networks in Canada, giving businesses the option to enable account-based payments alongside card-based payments. Konek is powered by Interac and backed by the country's leading financial institutions. Konek is the only digital wallet in Canada where customers can pay at participating online merchants directly from a chequing or savings account with a participating financial institution through Interac Direct(R), which is designed to help lower the cost of acceptance compared with most traditional cards. For merchants, Konek has been designed with specific features that help reduce fraud and chargeback disputes, key pain points that can impact their bottom line and cause operational strain. This includes issuer fraud liability, which shifts responsibility for eligible fraud losses from the merchant to the issuer. "Canadians are asking for more choice in how they pay, and merchants want that choice to work harder for their business," said Kris Zanuldin, Head of Konek at Interac. "By enabling Konek, PayFacto is giving Canadian merchants a way to meet that demand while managing what it costs them to get paid. That combination is what's driving real momentum for account-based payments in Canada." PayFacto is making Konek available to its merchants, technology and channel partners through its integrated commerce platform, which brings together payments, POS and digital commerce. "PayFacto has always focused on delivering flexible payment technology that helps merchants operate more efficiently and better serve their customers," said Martin Leroux, Chairman & CEO of PayFacto. "Integrating Konek is a natural extension of that commitment, giving Canadian businesses a homegrown payment option built on the financial infrastructure we already know and trust." About Konek Konek is Canada's way to pay, offering Canadian shoppers an e-commerce payment solution. Konek is powered by Interac Corp. and backed by Canada's leading financial institutions, allowing Canadians the choice to pay with an eligible debit, credit card, or directly from their bank account at participating financial institutions, depending on merchant acceptance. Direct payments from chequing or savings are powered by Interac Direct(TM), a new digital payments solution available exclusively through Konek. This e-commerce payment solution gives customers more choice, convenience and control in how they pay. For more information, visit www.konek.ca. About Interac Corp. Interac empowers Canadians to transact digitally with confidence by providing payment and value exchange services. In helping to develop the future of money movement in Canada, security is at the core of everything we do. We help keep Canadian customers safe and secure when transacting. With nearly 300 financial institutions connected to our network, Canadians choose Interac products over 20 million times a day on average to exchange money. Interac champions workplace culture, community, and corporate citizenship. We are proud to be one of Canada's leading and most trusted financial brands. About PayFacto PayFacto is a leader in payment and hospitality technology, serving merchants, independent software vendors (ISVs), and independent sales organizations (ISOs). Headquartered in Montreal, with operations in Canada, the United States, and the United Kingdom, PayFacto delivers an open, integrated commerce platform that brings together payments, POS, and digital commerce, giving businesses greater control over how they sell, operate, and grow. For more information, visit payfacto.com. SOURCE Interac Corp. Media contacts: Interac: [email protected]

FinancialContent
Oct 20th, 2026
Pelican AI appoints former Mastercard and Interac Executive Maria Papas and Alliances leader Doug Drummond to drive sales and partner growth.

Pelican AI appoints former Mastercard and Interac Executive Maria Papas and Alliances leader Doug Drummond to drive sales and partner growth. Published at October 20th 2026, 6:45 AM EDT via Newsfile i This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness. Senior hires deliver on the sales and partnership expansion strategy outlined at the Company's September investor webinar Toronto, Ontario-(Newsfile Corp. - October 20, 2026) - Pelican AI (CSE: PEL) ("Pelican" or the "Company"), a provider of artificial intelligence-powered payments, financial crime compliance and trade finance solutions, is pleased to announce the addition of Maria Papas as Vice President of Sales, Americas, and Doug Drummond as Head of Channels and Alliances. Mrs. Papas will lead Pelican sales efforts across the Americas. She brings extensive experience in the payments industry, having previously served as Vice President at Mastercard and at Interac, and as Director of Enterprise Relationship Management at Fiserv. Mr. Drummond will develop Pelican's channels and alliances strategy, building a partner ecosystem that supports sustainable growth across payments and financial crime compliance. He brings deep experience in channel sales, alliances and strategic partnerships, and his background also includes time at the Central Bank of Ireland in information security. These appointments put the Company's strategy into action. During its September 15, 2026 investor webinar, management identified partnerships and sales team expansion as the key ways Pelican intends to extend its reach. Adding dedicated senior sales and partnership leadership is a direct step on that path. "We have a solution that has been proven in the industry, and now we just need more people to know about it. That takes more people in front of financial institutions, both directly and through partners," said Nino Di Teodoro, Chief Executive Officer of Pelican AI. "Maria and Doug give us that reach, and this is the strategy we have been laying out for shareholders." About Pelican AI Pelican AI is a financial technology company providing artificial intelligence-powered solutions for payments, financial crime compliance and trade finance. With more than 30 years of proprietary AI expertise, Pelican's technology is trusted by major financial institutions across more than 55 countries and has processed more than 2 billion transactions representing approximately $10 trillion in value. Pelican's technology uses artificial intelligence, machine learning and natural language processing to help financial institutions automate payment processing, improve straight-through processing, strengthen financial crime compliance and modernize transaction banking infrastructure. Its solutions include Pelican Payments, Pelican Secure and AI-powered trade finance applications. On Behalf of the Board Nino Di Teodoro Chief Executive Officer, Pelican AI Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding the roles and responsibilities of the appointees, the Company's go-to-market strategy, its plans to develop a partner ecosystem and expand sales coverage, and the status and potential outcomes of the disclosed litigation. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially, including the risk that the appointments do not result in the anticipated benefits, that partner relationships are not established on anticipated terms or at all, the risks associated with the disclosed litigation, general economic and market factors, competition, and the other risks described in the Company's public disclosure documents available on SEDAR+. Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update forward-looking information except as required by law. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent registration or an applicable exemption. Pelican is involved in ongoing litigation. Readers are directed to the Company's August 27, 2026 news release and the disclosure in "Item 23 - Legal Proceedings and Regulatory Actions" and "Item 21 - Risk Factors" in the Company's CSE Form 2A Listing Statement available on the Company's SEDAR+ profile at www.sedarplus.ca for further details. The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. Report this content If you believe this article contains misleading, harmful, or spam content, please let us know.

Afro Diaspora Pulse
Oct 16th, 2026
BLAXPO Toronto 2026 connects Black professionals with career and business opportunities.

BLAXPO Toronto 2026 connects Black professionals with career and business opportunities. * BY Martha Agemomen * Oct 16, 2026 * 0 Comments * 127 Views * Read in 3 Minutes BLAXPO Toronto 2026 returns October 16-17 at Steam Whistle Brewing, bringing Black professionals, entrepreneurs, creatives and executives together for career development, networking, leadership sessions and business opportunities, including the Melamoon pitch competition, which offers $200,000 in prizes to Black founders. BLAXPO Toronto 2026 brings two days of opportunity. BLAXPO, produced by Four Brown Girls, takes place Friday, October 16, and Saturday, October 17, at Steam Whistle Brewing, 255 Bremner Boulevard, Toronto. The conference aims to connect Black talent with the relationships, resources and decision-makers that can help advance careers and businesses. The organizers expect more than 1,000 attendees, including students, founders, professionals, creatives and executives. The programme combines career development, entrepreneurship, leadership, technology, culture and networking. According to the official BLAXPO Toronto programme, attendees can participate in panels, workshops, live podcasts, roundtables, speed networking and other interactive experiences. What can attendees expect at BLAXPO? The two-day event offers practical sessions and opportunities to connect with employers, entrepreneurs and industry leaders. Activities include professional headshots, a CV clinic, a wellness centre, an exhibitor hall, curated introductions and access to the BLAXPO networking app. Friday's featured programming includes AI strategist Edwina McKinnon, who will discuss how professionals and entrepreneurs can use artificial intelligence to improve their work and identify new opportunities. Saturday's programme features media personality Melyssa Ford in a conversation about reinvention and personal growth. Other sessions explore leadership, professional visibility, business partnerships, technology and entrepreneurship. Melamoon competition offers $200,000 to Black founders. Afro Diaspora Pulse (ADP) is an official media partner for BLAXPO Toronto 2026, supporting the visibility of an event that brings Black professionals, entrepreneurs, creatives and industry leaders together. Through its coverage, ADP continues its commitment to amplifying Black excellence, celebrating diaspora achievements and highlighting platforms creating meaningful opportunities for Black communities across Canada and beyond. One of the event's major highlights is the Melamoon Grand Finale, presented by FACE Coalition and powered by Interac in partnership with BLAXPO. Five finalists selected from a national group of Black entrepreneurs will compete for $200,000 in non-dilutive cash prizes, meaning winners do not have to surrender business ownership. The prize distribution is: * First place: $100,000 * Second place: $50,000 * Third place: $25,000 * Public Choice Award: $25,000 The competition is designed to increase visibility for Black-owned businesses and provide funding to support their growth. More information is available through the Melamoon competition website. Major organizations support BLAXPO. BLAXPO Toronto 2026 is supported by organizations including FACE Coalition, Air Canada, The Globe and Mail, RBC, Jamieson, LinkedIn and Pinterest. RBC is supporting the BLAXPO Founder Cohort, which connects selected entrepreneurs with learning and business-development resources. LinkedIn is contributing professional development programming focused on visibility and career advancement. Since launching in 2022, BLAXPO has grown from a career-focused event into a broader platform connecting Black professionals and founders with opportunities across Canada. Its expansion reflects continued efforts to strengthen access to employment, business resources, funding and professional networks. Event details and tickets. BLAXPO Toronto runs October 16-17, 2026, at Steam Whistle Brewing, 255 Bremner Boulevard, Toronto, Ontario. Tickets start at $40, with Student, Experience, Legacy and Corporate options. Readers can check availability, ticket benefits and the latest schedule on the official BLAXPO website. For more coverage of Black entrepreneurship and business achievements in Canada, read Afro Diaspora Pulse's report on Black Canadian founders winning awards in 2026.

Medicine Box
Jul 7th, 2026
Quick withdrawals and honest gaming at Tooniebet Casino for Canada.

Quick withdrawals and honest gaming at Tooniebet Casino for Canada. * July 7, 2026 For Canadian online casino players, the assurance of fast payouts and a commitment to fair play are non-negotiable pillars of a dependable gaming experience https://toonie-bets.ca/en-ca/. Tooniebet Casino has set itself as a top destination by making these principles its core operational mandate. This analytical review examines into the systems and guidelines that enable Tooniebet to deliver rapid financial transactions and enforce stringent fairness standards, specifically designed for the Canadian market. Understanding these elements is crucial for players who prize both the thrill of the game and the protection of their funds. The following sections offer a detailed review of how Tooniebet meets and surpasses expectations in these critical areas, guaranteeing a outstanding and dependable platform for players across all provinces. The essential importance of quick payouts for players. In the digital age, the rate at which a casino completes withdrawals is a direct measure of its operational performance and consideration for the player. For Canadians, who may be handling budgets across different payment platforms, delayed payouts can create unnecessary frustration and financial planning issues. A casino that emphasizes swift cashouts demonstrates financial stability and a player-centric philosophy. Tooniebet Casino understands that a player's winnings are their own, and In what manner Tooniebet Casino guarantees quick withdrawals. Tooniebet Casino achieves its fast payout reputation through a mix of optimized internal processes and strategic partnerships. The platform uses automated verification systems that speed up the approval phase for trusted players, often carrying out identity checks in a matter of hours rather than days. 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For the astute player in Canada, this means peace of mind - knowing that their time, money, and gaming experience are appreciated and secured from the moment they deposit to the instant they request a payout. The synthesis of these factors - fast transactions, verified games, reliable licensing, local payment options, and attentive customer support - establishes Tooniebet as a premier option for those seeking a high-quality and dependable online casino experience customized for the Canadian market.

Interspace Music
Jun 8th, 2026
Canada announces investments in music and live music venues.

Canada announces investments in music and live music venues. The Canadian government and a private partnership have both announced funding initiatives aimed at supporting the country's music industry. June 8, 2026 Federal funding and streaming regulations. The Canadian government announced a $600 million investment package for the country's audio and audiovisual sectors. This announcement coincided with a directive to the Canadian Radio-television and Telecommunications Commission (CRTC) to review its recent decision regarding streaming services' contributions to Canadian content. The government's action will replace anticipated funding from streaming services with direct public funding. Organizations including FACTOR, Musicaction, the Canadian Starmaker Fund, Fonds RadioStar, the Community Radio Fund of Canada, and the Indigenous Music Office are expected to continue receiving support under the new framework. Venue support program launched. Interac and Billboard Canada have launched a venue-support program associated with the NXNE festival. One participating venue will receive a $10,000 marketing package based on Interac debit transaction activity during the festival. The program aims to highlight small businesses vital to Canada's live music sector and assist a venue in attracting new audiences and fostering growth. Venues can participate by completing an application form and submitting a report detailing the total number of Interac Debit transactions processed between June 10-14, 2026, by noon on June 15, 2026. All submitted data must be anonymized and should not contain any personally identifiable information. The venue with the highest number of transactions will be selected, regardless of transaction value. Further details regarding participation terms and conditions are available. The announcement comes at a time when global recorded music revenues grow 6.4%. This is a developing story, and InterSpace Music Group will continue to provide updates as they become available. As the music industry continues to evolve, initiatives like these are crucial. Increased visibility from 'off campus' series drives music sync growth. Canada announces increased investment in music sector. June 8, 2026

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