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Interac

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Canada

Founded in

1984 (41 Years)

Founded

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Security Information

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    What are the differences in regulations for each

    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Company Information

    Get to know Interac

    Interac branded products and services are currently offered by Interac Association and Acxsys Corporation, which together operate an economical, world-class debit system. With broad-based acceptance, 24/7 reliability, security, and efficiency, Interac products and services are an everyday part of life for Canadians. Interac Association is a recognized world leader in debit card services. It is responsible for the development and operations of the Interac network, a national payment network that allows Canadians to access their money at ABMs through the Interac Cash service and at point-of-sale terminals across Canada through the Interac Debit service. Interac Debit also includes Interac Flash, a secure contactless enhancement that allows Canadians to pay for items instantly by holding their cards at point-of-sale readers that support Interac Flash.

    Industry

    • Financial BankingPRIMARY
    • Financial Other Service

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