Interac Debit

Interac Debit is a local Canadian debit card accepted at around 500,000 physical merchants across the country.

Cardholders can use their Interac card at selected locations in the United States through a partnership with NYCE Payments Network, a US debit network. Contactless Interac cards are branded Interac Flash. Customers can also shop online using their Interac card. At the online checkout, the customer selects Interac Online and their bank. They are then redirected to their online banking where they log in, select the account they wish to pay from and confirm the transaction amount.

The customer is then returned to the merchant’s checkout confirmation page where their order will be processed.

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Type Local payment card
Company behind LPM Interac Association and Acxsys Corporation
Market share details The Interac card and payment network has existed in Canada for nearly 20 years. Around 6 billion Interac payments were made in 2018.
Market relevance High
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