News stories featuring Interac:
December 7th, 2016
Canada’s Scotiabank has replaced the NFC SIM-based mobile payments service inside its My Mobile Wallet app with a host card emulation (HCE) based solution, the bank has confirmed to NFC World. “This enhancement to our…
October 12th, 2016
Android Pay may be heading to Canada judging by the mobile app’s most recent update which “seems to list strings of code that includes references to Interac,” according to Android Headlines. “Although this doesn’t give any details, such as which banks may support Android Pay following a Canadian launch, the strings that mention Interac do suggest that at least some banking institutions will be adding support for the mobile payment platform in the near future.”
June 30th, 2016
Canadian credit unions Affinity and Conexus in Saskatchewan, First West in British Columbia and Meridian in Ontario have become the first to launch Mobile Pay, the host card emulation (HCE) mobile payment service developed by trade body the Canadian Credit Union Association. The four credit unions revealed that they would be the first to launch the service — which makes use of a tokenization platform by Interac — in February 2016.
June 10th, 2016
Canadian debit network Interac has partnered with Norwegian domestic debit network BankAxept to help accelerate the rollout of NFC mobile debit solutions in Norway. “The licensing agreements will help enable BankAxept to deliver a secure and cost-effective contactless POS solution in Norway as well as provide documentation and software that will position BankAxept to offer a broad range of mobile payment solutions,” Interac says. “BankAxept is the first client to license Interac payment solutions internationally.”
May 10th, 2016
TD Bank and Scotiabank will soon support Apple Pay in Canada, following the announcement that MasterCard, Visa, Interac and five other banks have also added their support to the mobile payment service. Apple Pay launched in Canada with the support of American Express alone in November 2015.
May 10th, 2016
PARTNER NEWS: Canadian national debit network Interac is using its Interac Token Service Provider (TSP) platform to support Apple Pay transactions made using its debit cards in Canada. The TSP solution was developed in partnership with tokenization and mobile payment specialist Bell ID in February 2016 and “[allows] Interac to support Apple Pay integration with secure tokenisation services,” Bell ID says. Support for Interac debit cards through Apple Pay went live on May 10.
May 10th, 2016
Canadian consumers can now add their MasterCard and Visa credit cards as well as their Interac debit cards to Apple Pay after the mobile payments service launched in the country with support from American Express alone in November 2015. Five banks have also announced their support for Apple Pay, including two of the country’s largest — Royal Bank of Canada and BMO Financial Group.
February 23rd, 2016
Customers of four Canadian credit unions will be able to make host card emulation (HCE) based mobile payments at Interac Flash contactless terminals across the country from this spring. The service will be the first…
February 22nd, 2016
Canadian debit network Interac has unveiled its own token generation and management service that will enable financial institutions, merchants and its partners to build and manage secure digital payment experiences with support for tokenized digital…
December 19th, 2014
Royal Bank of Canada (RBC) has added support for host card emulation (HCE) to its RBC mobile app, “allowing Canadians to pay with most Android mobile phones without worrying about being on the right mobile…
October 6th, 2014
Royal Bank of Canada’s cloud-based NFC wallet is now available to Virgin Mobile subscribers and to customers with a BlackBerry Z10 or Z30 mobile phone, the bank has announced. RBC Wallet is also now available…
May 6th, 2014
The Royal Bank of Canada has expanded the functionality and availability of its cloud-based RBC Wallet. The service now runs on four additional NFC devices — the Samsung Galaxy Note 3, LG G2, Sony Xperia Z1 and HTC One M7 — and customers can use the NFC wallet to make payments with their MasterCard credit card in addition to the existing Interac debit and Visa payment options.
January 21st, 2014
Royal Bank of Canada has introduced an NFC mobile payments service that stores customers’ card details in the cloud. The new RBC Wallet is available to customers with a Samsung Galaxy S III or Samsung…
March 28th, 2013
RBC Royal Bank and Scotiabank both plan to make the new mobile payments service available to their customers later this year — and RBC has announced it will now make all Interac Flash contactless payments available free of charge to its account holders.
June 21st, 2012
A further 24 organisations have also joined the NFC standards association, including Huawei, Interac and Fujitsu.
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