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What information from my financial institution account is shared?

Your personal information is only shared under your explicit consent and can be reviewed at any time before consenting to share. The personal information that is being shared is limited to personal identity and contact details that you agree to share. Your account number and account type are only shared under your consent for specific…

Who holds the data being exchanged with the Interac verification service? And where is my personal information stored?

Your personal information is stored and maintained by your trusted Connections, such as your financial institution. The Interac verification service may temporarily store your personal information in order to transfer this information—at your request—between network participants.   Other trusted network participants that you have authorized to receive your personal information may also store your information. To…

How do I know the Interac verification service is safe?

The Interac verification service was developed in cooperation with seven of Canada’s major financial institutions – BMO, CIBC, Desjardins, National Bank of Canada, RBC, Scotiabank and TD – along with our innovation partners. The Interac verification service uses strong security protocols to help protect personal information from being identified, accessed, or misused. The Interac verification service has no…