The credential service will serve as the next generation of secure, reusable identity verification in Canada, with FCT to launch as the first partner to deploy within their digital real estate ecosystem.
TORONTO (May 8) – As the digital verification of personal information becomes increasingly common, the need for a trusted, secure identity verification service solution has never been more critical. To help address these growing concerns, today Interac Corp. (Interac) launched the Interac Verified™ credential service, a new offering within the Interac suite of verification solutions.
The Interac Verified credential service is the future of secure, reusable verification in Canada. It gives Canadians the convenience of creating and reusing their credentials for expedited identity verification and offers businesses the benefit of enhanced assurance and a streamlined onboarding process.
To create a credential, Canadians can use the existing login to their online banking account with a participating financial institution, take a photo of their accepted government-issued identity document and a video selfie. The credential will be safely stored and can be reused for future identity verifications with participating organizations. This solution transforms single-use verifications into a trusted, reusable model.
“At Interac, we’re building more than a service—we’re shaping the network for verification in Canada,” says Fatema Pirone, Head of Interac Verified. “With the launch of the Interac Verified credential service, we’re enabling Canadians to carry out everyday actions with ease and security—whether accessing government services, opening financial accounts, or proving who they are online. It’s about giving people greater control and confidence in how their information is shared and verified.”
The Interac Verified credential service can be accessed via the Interac Verified app, where users can:
- Store essential information from accepted documents: Accepted government-issued documents include Canadian driver’s licenses, Canadian-issued and select foreign passports, provincial photo ID cards, permanent resident cards and Indian status cards.
- Securely share personal information: Individuals can share their verified information securely, anytime, from anywhere, with the data authorized by the user. Only the necessary data is shared, instead of entire documents.
- Reuse credentials: Canadians will be able to reuse their information stored in a credential to validate their identity, for a period of up to 12 months at a time, providing a convenient alternative to an in-person visit to complete transactions.
- Benefit from advanced data encryption: Advanced Encryption Standard helpsto reduce the risk of unauthorized access to sensitive information. The data is stored directly on the user’s smartphone, not the cloud.
- Enjoy bilingual access: The Interac Verified credential service is available in both English and French.
To build on the launch, Interac is pleased to collaborate with FCT, the leading provider of title and real estate solutions in Canada. FCT is the first business to utilize the Interac Verified credential service and will deploy the service across its digital real estate ecosystem as the foundation for a secure real estate transaction. Unlike traditional methods that require repeated identity verification at multiple stages of the home buying or refinancing journey, the Interac Verified credential service offers a uniquely efficient solution. Using their reusable digital credential via the Interac Verified app, homebuyers and homeowners can securely share verified information as needed with each party in the transaction eliminating redundant, unsecured in-person or text/email verifications.
“Trust and security are fundamental to every real estate transaction, be it for the consumer or the real estate professional.” said Michael LeBlanc, Chief Executive Officer of FCT. “By embedding the Interac Verified credential service into our digital ecosystem, we are connecting real estate transactions in new ways which not only improves the transaction experience for all parties involved but also sets a foundation for the future of real estate in Canada. We are proud to collaborate with partners like Interac to lead the industry toward that smarter, safer future.”
“The Interac Verified credential service empowers Canadians to manage and share their required personal information securely while simplifying their digital interactions,” adds Pirone. “By streamlining verification processes, we are not only enhancing security and user experience but also providing businesses with a valuable tool to improve efficiency and gain a competitive advantage in the digital marketplace. This is particularly beneficial for industries such as banking, insurance and e-commerce, where secure age verification, call centre authentication, new account verification, and disbursement processes are critical. The Interac Verified credential service offers a robust solution for these and other sectors to enhance security, streamline operations, and build trust with their customers.”
The service is available via the Interac Verified app and Interac is actively working to expand the channels through which the Interac Verified credential service can be accessed, ensuring it meets the diverse needs of Canadian businesses.
For more information on how the Interac Verified credential service can work for your business please visit: Interac Verified credential service.
About Interac
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.
About FCT
Based in Oakville, Ontario, FCT has over 1,200 employees across the country. FCT provides industry-leading title insurance, default solutions and other real estate-related products and services to approximately 450 lenders, 43,000 legal professionals and 5,000 recovery professionals, as well as real estate agents, mortgage brokers and builders, nationwide.
Great Place to Work® has named FCT one of Canada’s Best Workplaces® for 11 consecutive years (2015-2025) and certified FCT as a Great Place to Work®.
For more information on FCT, please visit the company website at www.fct.ca.
