Founded in 1984, Interac started out as a national debit card system in Canada. As the market evolved, the company expanded its services, launching Interac e-Transfer and Interac Online to address the changing requirements of consumers and businesses, including those in the iGaming industry.
A pivotal milestone in Interac’s history was the 2018 merger of the Interac Association and Acxsys Corporation. This consolidation strengthened Interac’s position as a leading payment provider, furthering its commitment to innovation and security.
The Canadian Code of Practice for Consumer Debit Card Services governs Interac’s operations, with oversight from the Financial Consumer Agency of Canada (FCAC). This regulatory structure ensures Interac’s adherence to rigorous security measures and consumer protection standards.