How will an Interac transaction appear on my bank account statement when I pay my fare by tapping on a fare reader?

How a transaction will appear on your bank account statement may vary by transit authority. Transactions approved by your financial institution are posted to your bank account statement and include a description area that will in most cases include the name of the transit authority, or an abbreviated form of the transit authority’s name and a Merchant Transaction Reference (MTR) value. The MTR value is useful when inquiring about the specific transaction with the transit authority.