Jeremy Wilmot
President and CEO of Interac
Leveraging our central place in the Canadian economy, we’re working with our partners to lead the charge on innovations that will help accelerate Canadian businesses — from digital verification to real-time payments.
At Interac we help safeguard personal data through digital verification, and we use our unique position at the nexus of billions of transactions to help defend against digital fraud.
Our payment and verification platforms help create opportunities for businesses across sectors to innovate and grow, while empowering Canadians to confidently interact and engage in their digital lives.
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President and CEO of Interac
Chief Strategy & Marketing Officer at Interac
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Canada’s major financial institutions join forces to establish a national network of automated banking machines (ABM’s), so customers can withdraw cash from any participating ABM.
A pilot program allows Canadians to use their debit cards to pay at point-of-sale using the money in their banking accounts. (Fast forward to 2023: Canadians completed 6.6 billion transactions on the Interac Debit platform.)
Debut of Interac e-Transfer, one of the world’s first peer-to-peer electronic money transfer services.
Contactless payments arrive: Canadians can now pay using their Interac Debit card with just a tap.
Interac Debit enables Canadians to load their debit card into their mobile wallet and tap to pay.
Interac e-Transfer for Business is launched, offering business-friendly features like data-rich payments and higher transaction limits.
Interac expands into verification solutions in Canada with the launch of Interac Verified — which includes Interac verification service, Interac document verification service, and Interac sign-in service, all under the Interac Verified umbrella.
With a new three-year strategy, Interac will continue to drive innovation in payments, verification, and fraud prevention, collaborating with partners to build the infrastructure critical to Canada’s growth in a competitive digital world.
Interac, together with other partners, will help bring the Real-time Rail (RTR) to Canadians, making real-time clearing and settlement available for account-to-account payments.
Interac will also continue to work to combat fraud by strengthening existing products while working to become an industry leader in identity verification, step-up authentication and scoring.
Canadians will be in the habit of using open banking, real-time payments, digital verification and other innovations in tandem to make daily life more convenient — streamlining everything from loan applications to air travel.
By offering faster, more secure and more accessible services and innovations, Interac will enable businesses and individuals to seize opportunities to confidently grow and prosper in an increasingly digital world.
President and CEO of Interac
Chief Strategy & Marketing Officer at Interac