Latest news with #Interac
CBC
12 hours ago
- CBC
Latest from Tess Ha
The Canadian Bankers Association and Interac both say they are actively exploring technology to prevent people from using e-transfers to perpetuate abusive behaviour. It comes months after multiple Canadians told CBC News they have been victimized by abusers who use e-transfers to circumvent other safeguards that survivors of intimate partner violence have put in place.
Finextra
3 days ago
- Business
- Finextra
Zūm Rails and Western Union Canada team on real-time cross-border payments
Zūm Rails today announced an agreement with Western Union to support fast and efficient money movement between Canada and 200 countries and territories worldwide. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Integrating Zūm Rails APIs into Western Union's network enables the company to drive real-time movement of funds for Western Union customers using Interac eTransfer. With Interac eTransfer, customers can instantly fund their money transfers in Canada, then send the money to anywhere in the world. With the rise of real-time payments and other digital experiences, consumers have become accustomed to sending and receiving money in seconds. However, speed is dictated by the payments rails technology integrated into a financial institution's network. While new options have emerged to facilitate transactions in real-time, building the technology to integrate these rails and supporting compliance protocols into their existing infrastructures requires significant time and resources. 'Our work with Western Union reflects a larger trend across the payments industry, defined by real-time money movement as a non-negotiable service for consumers and enterprises alike,' said Miles Schwartz, CEO at Zūm Rails. 'Partnerships between traditional financial institutions and fintechs are proving to be a catalyst in accelerating this trend. Western Union is in a unique position to lead the industry forward, leveraging its technological innovation and its deep history in the cross-border remittance industry. We look forward to working with them to support their efforts in delivering an exceptional customer experience.' A recent survey conducted by Interac found that nearly nine in 10 Canadians (88 per cent) have used Interac e-Transfer. Canadians continue to rely on this product to move $338 billion over the past 12 months, and over $625 billion since the pandemic began, with 49 per cent indicating that they have increased their use in this period. 'Consumers should be able to send payments anywhere in the world at the same speed as they can with native peer-to-peer applications. Our work with Zūm Rails makes this a reality,' said Ranjit Sarai, Vice President of Digital and Ecosystem at Western Union in Canada. 'That is only part of what we have in store for Western Union customers as we work to bring a number of entirely new digital financial experiences to market, to complement the reliable service they've come to expect.'
Finextra
4 days ago
- Business
- Finextra
Accept/Pay Global launches real-time payments with Interac
Accept/Pay Global (APG) today announced the launch of its Real-Time Payments with Interac product, enabling businesses across Canada to send and receive payments instantly and securely using Interac e-Transfers. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Enterprise customers and financial platforms looking to streamline collections and disbursements can now integrate with our API to deliver speed, convenience, and reliability in payments. The solution is now available to all Canadian enterprises, with a particular focus on high transaction volume use-cases in lending, earned wage access, and insurance. Gajen Pararajalingam, COO of Accept/Pay Global said, "Real-time payments are table stakes for delivering superior customer experiences - whether you're funding a loan, processing payroll, or settling claims. Our Interac-powered solution allows clients to move funds instantly to any Canadian bank account, securely and at scale." The Real-Time Payments with Interac product is designed to support: Instant loan disbursements for online and alternative lenders Real-time payroll and earned wage access (EWA) programs for on-demand payments Claims and customer payouts for insurance providers Faster B2B settlements and vendor payments Accept/Pay Global's API-driven platform enables seamless integration of real-time payments into existing business systems — supporting full audit trails, reporting, and automated reconciliation. Key Benefits: Instant Payments to any Canadian bank account via Interac Enterprise-grade API integration for automated payouts at scale 24/7/365 availability, including evenings, weekends, and holidays Real-time visibility into payment status and delivery Built-in compliance and fraud monitoring for regulated industries "With Accept/Pay Global's Real-Time Payments with Interac, our clients can give their customers exactly what they expect — instant access to funds," added Gajen. "We're excited to help businesses modernize their payment infrastructure and unlock new competitive advantages." Real-Time Payments with Interac is now live and available to Accept/Pay Global customers across Canada. The solution is offered as a standalone API product or as part of APG's broader electronic funds transfer (EFT) and digital payments platform.
Yahoo
4 days ago
- Business
- Yahoo
Accept/Pay Global enables real-time payments in Canada with Interac
Accept/Pay Global has unveiled its real-time payments service with Interac, enabling instant transactions for enterprises across Canada. The service targets sectors with high transaction volumes, such as lending, earned wage access, and insurance. It supports various financial operations including instant loan disbursements, real-time payroll for earned wage access, quick insurance claim payouts, and expedited B2B settlements. The offering is now accessible to all Canadian enterprises. The platform allows for integration with existing business systems, facilitating audit trails, reporting, and automated reconciliation. The service ensures instant payments to any Canadian bank account, API integration for large-scale automated payouts, and round-the-clock availability, highlighted Accept/Pay Global. It also offers 'real-time visibility' into payment status and built-in compliance and fraud monitoring mechanisms, the firm added. Accept/Pay Global COO Gajen Pararajalingam said: "Real-time payments are table stakes for delivering superior customer experiences - whether you're funding a loan, processing payroll, or settling claims. Our Interac-powered solution allows clients to move funds instantly to any Canadian bank account, securely and at scale. "With Accept/Pay Global's Real-Time Payments with Interac, our clients can give their customers exactly what they expect — instant access to funds. We're excited to help businesses modernise their payment infrastructure and unlock new competitive advantages." The Interac service is currently operational and available to Accept/Pay Global's clientele in Canada. The solution is offered both as an independent API product and as a component of Accept/Pay Global's wider EFT and digital payments platform. "Accept/Pay Global enables real-time payments in Canada with Interac " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Accept/Pay Global Launches Real-Time Payments with Interac, Empowering Businesses to Move Money Instantly
TORONTO, June 13, 2025 /CNW/ - Accept/Pay Global (APG) today announced the launch of its Real-Time Payments with Interac product, enabling businesses across Canada to send and receive payments instantly and securely using Interac e-Transfers. Enterprise customers and financial platforms looking to streamline collections and disbursements can now integrate with our API to deliver speed, convenience, and reliability in payments. The solution is now available to all Canadian enterprises, with a particular focus on high transaction volume use-cases in lending, earned wage access, and insurance. Gajen Pararajalingam, COO of Accept/Pay Global said, "Real-time payments are table stakes for delivering superior customer experiences - whether you're funding a loan, processing payroll, or settling claims. Our Interac-powered solution allows clients to move funds instantly to any Canadian bank account, securely and at scale." The Real-Time Payments with Interac product is designed to support: Instant loan disbursements for online and alternative lenders Real-time payroll and earned wage access (EWA) programs for on-demand payments Claims and customer payouts for insurance providers Faster B2B settlements and vendor payments Accept/Pay Global's API-driven platform enables seamless integration of real-time payments into existing business systems — supporting full audit trails, reporting, and automated reconciliation. Key Benefits: Instant Payments to any Canadian bank account via Interac Enterprise-grade API integration for automated payouts at scale 24/7/365 availability, including evenings, weekends, and holidays Real-time visibility into payment status and delivery Built-in compliance and fraud monitoring for regulated industries "With Accept/Pay Global's Real-Time Payments with Interac, our clients can give their customers exactly what they expect — instant access to funds," added Gajen. "We're excited to help businesses modernize their payment infrastructure and unlock new competitive advantages." Real-Time Payments with Interac is now live and available to Accept/Pay Global customers across Canada. The solution is offered as a standalone API product or as part of APG's broader electronic funds transfer (EFT) and digital payments platform. To learn more or schedule a demo, visit or contact sales@ About Accept/Pay Global Accept/Pay Global is a leading provider of secure, reliable electronic payment solutions for businesses across Canada and North America. With over 20 years of experience managing EFTs and digital disbursements, APG empowers enterprises to move money with confidence - through advanced API integration, robust compliance features, and scalable transaction processing. SOURCE Accept/Pay Global View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
