ABOUT US


About Interac  About Acxsys Corporation  Board of Directors


Leading the way we pay

Together, Interac Association and Acxsys Corporation 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.

About Interac Association

Interac Association is a recognized world leader in debit card services.

Interac Association is responsible for the development and operations of the Interac network, a national payment network that allows Canadians to access their money through Interac Cash at 60,000 Automated Banking Machines and Interac Debit at 766,000 point-of-sale terminals across Canada. Interac Flash, a secure contactless enhancement of Interac Debit allows Canadians to pay for items instantly with their Interac chip debit card at a reader that supports Interac Flash. 


It started in 1984 as a cooperative venture between five Canadian financial institutions: Royal Bank, CIBC, Scotiabank, TD Bank (now TD Canada Trust) and La Confédération des caisses populaires et d’économies Desjardins du Québec (now Fédération des caisses Desjardins du Québec). Today, the Association boasts a diverse group of nearly 60 members who span the payments landscape.

Interac Association operates under a Consent Order issued by the Competition Tribunal in 1996.  The Order prescribes how Interac Association is structured, how it is governed and by whom, how it sets and collects fees and other matters.  It also requires Interac Association to operate on a not-for-profit basis. 


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About Acxsys Corporation

Acxsys Corporation specializes in the development, operation and management of payment and other ancillary service opportunities, including Interac e-Transfer, Interac Online, and Cross Border Debit and International ABM services.


Acxsys Corporation (Acxsys) was formed in 1996, after the Consent Order under which Interac Association operates, issued by the Competition Tribunal, was implemented.  It has a shareholder board consisting of eight shareholders: RBC, BMO Bank of Montreal, CIBC, TD Canada Trust, Scotiabank, Credit Union Central of Canada, National Bank of Canada, and Desjardins.  These shareholders are the architects of the Interac network.  Acxsys specializes in the development, operation and management of payment and other ancillary service opportunities, as well as consulting and management services.  It provides staff, services and facilities needed to operate Interac Association.


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Board of Directors 2014

The Interac Association is a not-for-profit organization, governed by a 14-Member Board of Directors, appointed annually based on the business sector and the volume of transactions processed.

David Heatherly, Bank of Montreal

Oscar van der Meer, Central 1 Credit Union

Paul Browne, Chase Paymentech Solutions

Veni Iozzo, CIBC 

Stephen Fitzpatrick, Credit Union Central of Canada

Louise Lanoie, Fédération des caisses Desjardins du Quebec

Robert Scott, Global Payments Canada Inc.

Sylvain Malo, Laurentian Bank

Yann Jodoin, National Bank of Canada

Lorne Lerner, Suncor Energy Inc.

Doug Collins, Royal Bank of Canada

Brian McCabe, The Bank of Nova Scotia

Chuck Hounsell, TD Canada Trust

Jeff Smith, Directcash Management Inc.  

 


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About Us and Contact Information

Contact Interac

About Interac Association and Acxsys Corporation

Interac is Canada’s only domestically run, coast-to-coast debit payment network.

Helping to facilitate these transactions is the Inter-Member Network, the national payment network operated by Interac Association. This low-cost, world-class system enables Canadians to use their debit card to access their money through Interac Cash at Automated Banking Machines and Interac Debit at point-of-sale terminals. And Interac Flash, a secure contactless enhancement of Interac Debit, allows Canadians to pay for items instantly by simply holding their Interac chip debit card over a reader that supports Interac Flash.

As a not-for-profit organization, Interac Association does not charge consumers or merchants fees.

Acxsys Corporation specializes in the development and operation of payment innovation, including Interac e-Transfer, Interac Online and Cross Border Debit.

Acxsys Corporation was founded in 1996 by BMO Bank of Montreal, CIBC, RBC, Scotiabank, TD Canada Trust, National Bank of Canada, Desjardins Group and Credit Union Central of Canada. Today, it is comprised of eight large financial institutions as shareholders. The Corporation’s shareholders are the architects of the Interac network, Canada’s national debit network. In addition to the development and operation of new payment service opportunities, such as Interac e-Transfer, Interac Online and Cross Border Debit, Acxsys Corporation provides consulting and management services in the field of electronic payments.

Contact us

General inquiries: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media: Contact our media hotline at 416-869-2017.

For reporters on a deadline or inquiries after 5 p.m. Mon-Fri / weekends, please email us at This email address is being protected from spambots. You need JavaScript enabled to view it.

Contest- related inquiries: This email address is being protected from spambots. You need JavaScript enabled to view it.

Interac e-Transfer: This email address is being protected from spambots. You need JavaScript enabled to view it. or TEL: 1.888.238.6433

Service Participation Inquiries: This email address is being protected from spambots. You need JavaScript enabled to view it.

Interac Association and Acxsys Corporation

Royal Bank Plaza, North Tower

200 Bay Street, Suite 2400

P.O. Box 45, Toronto, ON M5J 2J1