{"id":74210,"date":"2016-01-11T00:37:00","date_gmt":"2016-01-11T00:37:00","guid":{"rendered":"https:\/\/interac1.wpengine.com\/content\/%content-category%\/directcash-bank-now-offering-bulk-interac-e-transfer-service-to-business-clients\/"},"modified":"2025-05-30T14:14:22","modified_gmt":"2025-05-30T18:14:22","slug":"directcash-bank-now-offering-bulk-interac-e-transfer-service-to-business-clients","status":"publish","type":"content","link":"https:\/\/www.interac.ca\/en\/content\/news\/directcash-bank-now-offering-bulk-interac-e-transfer-service-to-business-clients\/","title":{"rendered":"DirectCash Bank now offering Bulk <i>Interac<\/i> e-Transfer service to business clients"},"content":{"rendered":"<p><strong>TORONTO,&nbsp;January 10, 2016 \u2013<\/strong> Today, DirectCash Bank (\u201cDC Bank\u201d) and Interac Association\/Acxsys Corporation (\u201cInterac\u201d) are announcing the launch of&nbsp;<em>Interac<\/em>&nbsp;e-Transfer bulk disbursement (\u201cBulk&nbsp;<em>Interac<\/em>&nbsp;e-Transfer\u201d) for all of DC Bank\u2019s business customers. This enhanced solution extends the core&nbsp;<em>Interac&nbsp;<\/em>e-Transfer service into the commercial space by offering businesses a secure, cost-effective alternative to cash, cheque, or prepaid card disbursements for their customers.<\/p>\n<p>\u201cOur goal has always been to provide our clients with new and innovative solutions\u201d said Kevin Helfand, President of DC Bank. \u201cThat\u2019s why we are pleased to offer Bulk&nbsp;<em>Interac<\/em>&nbsp;e-Transfer to our business customers. The Bulk&nbsp;<em>Interac&nbsp;<\/em>e-Transfer service provides clients like H&amp;R Block Canada, Inc. (\u201cH&amp;R Block\u201d) with an easy and secure method to quickly distribute payments to its large number of customers during the upcoming 2016 tax season when they select the H&amp;R Block Pay With Refund\u00d4&nbsp;service. This enhanced&nbsp;<em>Interac&nbsp;<\/em>e-Transfer service allows our clients access to a secure and efficient method of distributing payments by offering an alternative to prepaid cards while keeping operating costs to a minimum.\u201d<\/p>\n<p>\u201cThe Bulk&nbsp;<em>Interac&nbsp;<\/em>e-Transfer service was developed specifically with business needs in mind,\u201d said Mark O\u2019Connell, President and CEO, Interac. \u201cWe are excited that DC Bank and their client, H&amp;R Block, have decided to leverage our expertise in electronic payments to offer this solution to their customers.\u201d<\/p>\n<p>DC Bank is the third financial institution to offer the enhanced service.<\/p>\n<h4><strong>About Bulk&nbsp;<em>Interac<\/em>&nbsp;e-Transfer<\/strong><\/h4>\n<p>Bulk&nbsp;<em>Interac<\/em>&nbsp;e-Transfer allows businesses to easily send electronic payments to multiple recipients at once, eliminating the need to issue, track or reconcile costly cheques or handle cash payments.<em>This service&nbsp;<\/em>is ideal for any business wanting to offer recipients a secure, paperless acceptance option.<\/p>\n<p>Businesses only require a recipient\u2019s e-mail address or mobile phone number to send money; no financial information is needed for payment. A single file listing multiple payments is sent to a business&#8217;s financial institution for processing, allowing the recipients to deposit their payment at a financial institution of their choice. This service offers greater flexibility, customization, security and more detailed reporting than other available payment methods.<\/p>\n<p>For more information, visit:&nbsp;<a href=\"https:\/\/www.interac.ca\/interac-e-transfer-for-business.html\" target=\"_blank\" rel=\"noopener\">https:\/\/www.interac.ca\/interac-e-transfer-for-business.html<\/a><\/p>\n<h4><strong>About DirectCash Bank<\/strong><\/h4>\n<p>DC Bank is a Schedule I Canadian chartered bank that specializes in the development of innovative corporate payment and deposit solutions, commercial banking services and prepaid card programs.<\/p>\n<h4><strong>About Interac Association and Acxsys Corporation<\/strong><\/h4>\n<p><em>Interac<\/em>&nbsp;is Canada\u2019s leading payment brand. Together, Interac Association and Acxsys Corporation operate an economical, world-class debit system with broad-based acceptance, 24\/7 reliability, security and efficiency. The brand is chosen an average of 12 million times daily to pay and exchange money.&nbsp;<em>Interac<\/em>&nbsp;products and services securely connect people to their money at the ABM through&nbsp;<em>Interac<\/em>&nbsp;Cash, at retailers across Canada through&nbsp;<em>Interac<\/em>&nbsp;Debit and the US, and online through web based services \u2013&nbsp;<em>Interac<\/em>&nbsp;Online for online purchases,&nbsp;<em>Interac<\/em>&nbsp;e-Transfer for person-to-person payments, and&nbsp;<em>Interac<\/em>&nbsp;e-Transfer bulk disbursement for commercial payments. In addition,&nbsp;<em>Interac<\/em>&nbsp;Flash, the secure contactless enhancement of&nbsp;<em>Interac<\/em>&nbsp;Debit, is in widespread use at retailers across Canada and provides the service for mobile NFC proximity payments. The organization is also a leader in the prevention and detection of fraud.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO,\u00a0January 10, 2016 \u2013 Today, DirectCash Bank (\u201cDC Bank\u201d) and Interac Association\/Acxsys Corporation (\u201cInterac\u201d) are announcing the launch of\u00a0<i>Interac<\/i>\u00a0e-Transfer bulk disbursement (\u201cBulk\u00a0<i>Interac<\/i>\u00a0e-Transfer\u201d) for all of DC Bank\u2019s business customers. This enhanced solution extends the core\u00a0<i>Interac<\/i>\u00a0e-Transfer service into the commercial space by offering businesses a secure, cost-effective alternative to cash, cheque, or prepaid card disbursements for their customers. [Read more]<\/p>\n","protected":false},"author":1,"featured_media":74183,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"content-tags":[952,272,283,300],"content-category":[193],"spokespeople":[],"in_the_know_post_format":[173],"class_list":["post-74210","content","type-content","status-publish","format-standard","has-post-thumbnail","hentry","content-tags-enterprise-and-government","content-tags-interac-e-transfer","content-tags-payments","content-tags-small-business","content-category-news","in_the_know_post_format-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>DirectCash Bank now offering Bulk Interac e-Transfer service to business clients - Interac<\/title>\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\/directcash-bank-now-offering-bulk-interac-e-transfer-service-to-business-clients\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DirectCash Bank now offering Bulk Interac e-Transfer service to business clients\" \/>\n<meta property=\"og:description\" content=\"TORONTO,\u00a0January 10, 2016 \u2013 Today, DirectCash Bank (\u201cDC Bank\u201d) and Interac Association\/Acxsys Corporation (\u201cInterac\u201d) are announcing the launch of\u00a0Interac\u00a0e-Transfer bulk disbursement (\u201cBulk\u00a0Interac\u00a0e-Transfer\u201d) for all of DC Bank\u2019s business customers. 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