{"id":116772,"date":"2023-05-09T08:10:00","date_gmt":"2023-05-09T12:10:00","guid":{"rendered":"https:\/\/interac1.wpengine.com\/?post_type=content&#038;p=116772"},"modified":"2025-08-05T13:50:47","modified_gmt":"2025-08-05T17:50:47","slug":"interac-enables-secure-digital-transactions-with-the-launch-of-interac-verified","status":"publish","type":"content","link":"https:\/\/www.interac.ca\/en\/content\/news\/interac-enables-secure-digital-transactions-with-the-launch-of-interac-verified\/","title":{"rendered":"Interac enables secure digital transactions with the launch of\u00a0<I>Interac<\/I>\u00a0Verified"},"content":{"rendered":"\n<p><strong>TORONTO \u2013 May 9, 2023<\/strong> <strong>\u2013 <\/strong>Interac Corp. (Interac), one of Canada\u2019s most trusted brands<sub><sup>1<\/sup><\/sub>, today introduced <a href=\"https:\/\/www.interac.ca\/en\/verification\/business\/learn-about-interac-verified-for-business\/?utm_source=link&amp;utm_medium=release&amp;utm_campaign=IVLaunch_FY23\"><em>Interac<\/em> Verified\u2122<\/a>, the official new name for its verification business arm. This announcement marks the organization\u2019s foray beyond payments and its evolution in helping Canadians to securely engage digitally. Just as consumers and businesses have relied on Interac for innovative ways to pay and get paid, Canadians can lean on the homegrown brand they know and trust to digitally verify and authenticate themselves.<\/p>\n\n\n\n<p>In today\u2019s digital economy, there is a heightened need for solutions that allow consumers and service providers to interact digitally while safeguarding personal data, reducing fraud and satisfying compliance requirements. <em>Interac <\/em>Verified delivers a suite of solutions that enable Canadians to digitally verify their data to access services offered by participating businesses and governments. Connecting consumers, businesses and governments, <em>Interac<\/em> Verified delivers shared value that no single entity can provide alone.<\/p>\n\n\n\n<p>&#8220;We can draw clear parallels between verification and payments and what these ecosystems fundamentally need to be grounded in \u2013 trust and security \u2013 to deliver value to Canadians,\u201d said Debbie Gamble, Chief Officer, Innovation Labs &amp; New Ventures at Interac. \u201cInterac is uniquely positioned to deliver an interoperable verification and authentication network built on the nearly four decades of trust we have cultivated with Canadians.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-video aligncenter\"><video height=\"608\" style=\"aspect-ratio: 1200 \/ 608;\" width=\"1200\" controls src=\"https:\/\/www.interac.ca\/wp-content\/uploads\/2023\/05\/INT001867_Interac_PaymentVerification_16x9_EN_AdobeExpress.mp4\"><\/video><\/figure>\n\n\n\n<p>Underpinned by an interoperable network, <em>Interac<\/em> Verified enables trusted digital interactions and value exchange between parties to address the complex challenges that consumers, businesses, and governments face today when verifying information or signing in to access important services. Consumers are looking for secure and convenient ways to interact digitally, and businesses and governments want to verify individuals and their data at scale while improving customer experiences, meeting compliance regulations and reducing costs.<\/p>\n\n\n\n<p>\u201cWe are regularly required to digitally verify and authenticate our data, but digital interactions today can be marred by risk, friction and a lack of control,\u201d said Neil Butters, Vice President of Product, <em>Interac<\/em> Verified. \u201c<em>Interac <\/em>Verified responds to the need for verification and authentication methods that enable access to digital services and delivers more seamless interactions to Canadians.\u201d<\/p>\n\n\n\n<p><em>Interac<\/em> Verified builds on the organization\u2019s commitment to provide Canadians greater control by managing and streamlining digital interactions now and in the future. The suite of solutions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Allows users to verify their data.<\/strong> Individuals can establish a connection with a trusted partner like their financial institution using existing bank login credentials to share data with <a href=\"https:\/\/www.interac.ca\/en\/verification\/business\/interac-verification-service\/?utm_source=link&amp;utm_medium=release&amp;utm_campaign=IVLaunch_FY23\"><em>Interac<sup>\u00ae<\/sup><\/em><sup> <\/sup>verification service<\/a>. An additional solution is <a href=\"https:\/\/www.interac.ca\/en\/verification\/business\/interac-document-verification-service\/?utm_source=link&amp;utm_medium=release&amp;utm_campaign=IVLaunch_FY23\"><em>Interac<sup>\u00ae<\/sup> <\/em>document verification service<\/a>, an automated process that matches a liveness check to a photo of a government-issued ID. <em>\u00a0<\/em><\/li>\n\n\n\n<li><strong>Authenticates users before access to services is granted. <\/strong><a href=\"https:\/\/www.interac.ca\/en\/verification\/personal\/sign-into-government-services\/?utm_source=link&amp;utm_medium=release&amp;utm_campaign=IVLaunch_FY23\"><em>Interac<sup>\u00ae<\/sup><\/em> sign-in service<\/a> ensures the right access is given to the right person by enabling use of existing login credentials from a trusted source, such as a financial institution, removing the need to create and manage new login credentials.<\/li>\n<\/ul>\n\n\n\n<p>With the interoperability of <em>Interac<\/em> Verified, Interac is connecting Canadians and helping businesses transform digitally.<\/p>\n\n\n\n<p>More information about <em>Interac <\/em>Verified is available at <a href=\"https:\/\/www.interac.ca\/en\/verification\/business\/learn-about-interac-verified-for-business\/?utm_source=link&amp;utm_medium=release&amp;utm_campaign=IVLaunch_FY23\">interac.ca\/verified<\/a>.<\/p>\n\n\n\n<p><strong>About Interac Corp.<\/strong><\/p>\n\n\n\n<p>Interac empowers Canadians to transact digitally with confidence by providing payment and value exchange services. In helping to develop the future of money, data, and verification in Canada, security is the core of everything we do. Through our privacy, fraud mitigation, governance, and verification and authentication services, 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 and corporate citizenship based on the principles of responsibility, diversity and inclusion. We are proud to be one of\u202fCanada&#8217;s\u202fleading and most trusted financial brands. For more information, visit our website or sign up for our <a href=\"https:\/\/www.interac.ca\/content\/subscribe\/?utm_source=link&amp;utm_medium=release&amp;utm_campaign=IVLaunch_FY23\">newsletter<\/a>.<\/p>\n\n\n\n<p><strong>For further information:&nbsp;<\/strong><\/p>\n\n\n\n<p>Interac Corp.<br>416-869-2017\u202f<br>media@interac.ca<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><sup>1 Per the 2022 Gustavson Trust Index:\u202f<a href=\"https:\/\/www.uvic.ca\/gustavson\/brandtrust\/assets\/docs\/final--gbti-2022-main-report.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.uvic.ca\/gustavson\/brandtrust\/assets\/docs\/final\u2013gbti-2022-main-report.pdf<\/a>&nbsp;<\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO \u2013 May 9, 2023 \u2013 Interac Corp. (Interac), one of Canada\u2019s most trusted brands1, today introduced Interac Verified\u2122, the official new name for its verification business arm. This announcement marks the organization\u2019s foray beyond payments and its evolution in helping Canadians to securely engage digitally. Just as consumers and businesses have relied on Interac&hellip;<\/p>\n","protected":false},"author":8,"featured_media":116774,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"content-tags":[952,788],"content-category":[193],"spokespeople":[635],"in_the_know_post_format":[173],"class_list":["post-116772","content","type-content","status-publish","format-standard","has-post-thumbnail","hentry","content-tags-enterprise-and-government","content-tags-interac-verified","content-category-news","spokespeople-debbie-gamble","in_the_know_post_format-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Interac Launches INTERAC Verified<\/title>\n<meta name=\"description\" content=\"New INTERAC Verified solutions enable Canadians to digitally verify their data to access services of participating businesses and governments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interac.ca\/en\/content\/news\/interac-enables-secure-digital-transactions-with-the-launch-of-interac-verified\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interac enables secure digital transactions with the launch of\u00a0Interac\u00a0Verified\" \/>\n<meta property=\"og:description\" content=\"TORONTO \u2013 May 9, 2023 \u2013 Interac Corp. 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