Dynamic banking and payments executive to lead next phase of the Interac product roadmap
TORONTO, February 2, 2026 — Interac Corp. (Interac) announced today the appointment of D’Arcy McDonald as Group Head, Product, effective immediately. Mr. McDonald will lead the evolution of the Interac product portfolio – advancing trusted, secure services such as Interac Debit, Interac e‑Transfer and the Interac Verified suite of solutions, while developing and accelerating the growth of emerging products including KONEK. Together, these offerings power seamless digital transactions and verification experiences, supporting how Canadians pay and authenticate themselves more than 20 million times a day.
“D’Arcy brings deep financial services expertise and a strong understanding of the vital role Interac plays in Canada’s economy,” said Jeremy Wilmot, President and CEO of Interac. “He is uniquely positioned to drive the next phase of our product strategy, bringing clarity, discipline and momentum to our product roadmap as we innovate to meet the evolving needs of consumers and organizations.”
Leveraging his track record as a forward‑thinking Canadian banking executive, Mr. McDonald will guide the next wave of product innovation, while driving the adoption of core services and reinforcing Interac products as critical national payments and digital trust infrastructure. His service on the Interac Board of Directors from 2020 to 2025 provides an informed, enterprise-wide view of the organization’s potential as he steps into this role.
Mr. McDonald joins Interac from Scotiabank, where he most recently served as Senior Vice President, Ontario Region. Prior to that, he led the Retail Payments, Unsecured Lending, Credit Card, Investment and Deposit portfolios for Scotiabank. Earlier in his career, he held leadership roles at TD Bank focused on Savings & Investing, Cross Border and Digital Channel Integration.
“Interac plays a meaningful role in the daily lives of Canadians, enabling millions to transact with confidence,” said D’Arcy McDonald, Group Head, Product at Interac. “I am excited to help shape the next generation of Interac products – solutions that earn Canadians’ trust, put their needs first and strengthen the digital infrastructure our country depends on.”
For more than 40 years, Interac has helped Canadians move money and information safely and securely. Mr. McDonald’s appointment underscores the company’s commitment to empowering Canadians in an evolving digital economy.
About Interac Corp.
Interac empowers Canadians to transact digitally with confidence by providing payment and value exchange services. In helping to develop the future of money movement in Canada, security is at the core of everything we do. We help keep Canadian customers safe and secure when transacting. With nearly 300 financial institutions connected to our network, Canadians choose Interac products over 20 million times a day on average to exchange money. Interac champions workplace culture, community, and corporate citizenship. We are proud to be one of Canada’s leading and most trusted financial brands.
For further information:
Media contact: Interac Corp., 416-869-2017, media@interac.ca
