{"id":74260,"date":"2013-02-14T02:03:00","date_gmt":"2013-02-14T02:03:00","guid":{"rendered":"https:\/\/interac1.wpengine.com\/content\/%content-category%\/interac-association-and-acxsys-corporation-adopt-financial-consumer-agency-of-canada-commissioners-guidance-for-the-code-of-conduct-for-the-credit-and-debit-card-industry-in-canada\/"},"modified":"2025-05-30T14:27:21","modified_gmt":"2025-05-30T18:27:21","slug":"interac-association-and-acxsys-corporation-adopt-financial-consumer-agency-of-canada-commissioners-guidance-for-the-code-of-conduct-for-the-credit-and-debit-card-industry-in-canada","status":"publish","type":"content","link":"https:\/\/www.interac.ca\/en\/content\/news\/interac-association-and-acxsys-corporation-adopt-financial-consumer-agency-of-canada-commissioners-guidance-for-the-code-of-conduct-for-the-credit-and-debit-card-industry-in-canada\/","title":{"rendered":"Interac Association and Acxsys Corporation adopt Financial Consumer Agency of Canada Commissioner&#8217;s Guidance for the Code of Conduct for the Credit and Debit Card Industry in Canada"},"content":{"rendered":"<p><strong>TORONTO, February 13, 2013<\/strong>&nbsp;\u2013 Interac Association and Acxsys Corporation are formally announcing that the organizations are adopting the Financial Consumer Agency of Canada (FCAC) Commissioner\u2019s Guidance Code of Conduct for the Credit and Debit Card Industry in Canada (Code of Conduct) \u2013 Increased disclosure in sales and business practices and cancellation of contracts without penalty, released today by the FCAC.<\/p>\n<p>\u201cMinister Flaherty has been clear that payment card network operators and other payment industry participants should be adhering to both the intent of the Code of Conduct in addition to the letter of it, and we completely agree,\u201d emphasized Mark O&#8217;Connell, President and CEO of Interac Association\/Acxsys Corporation. \u201cWe continue to fully support the Code of Conduct and commend the FCAC Commissioner for taking this step to help clarify what is expected of the market when adhering to the Code of Conduct.\u201d<\/p>\n<p>\u201cThe Code of Conduct has been an important tool to help increase choice and transparency for merchants and consumers and should continue to be the foundation for future policy efforts as the marketplace and technologies evolve,\u201d added Mr. O\u2019Connell.<\/p>\n<p>Interac Association and Acxsys Corporation formally adopted the Code of Conduct in May, 2010.<\/p>\n<h4><strong>About Interac Association and Acxsys Corporation<\/strong><\/h4>\n<p>A recognized world leader in debit card services, Interac Association is responsible for the development and operations of the&nbsp;<em>Interac<\/em>&nbsp;network, a national payment network that allows Canadians to access their money through&nbsp;<em>Interac<\/em>&nbsp;Cash at 60,000 Automated Banking Machines and&nbsp;<em>Interac<\/em>&nbsp;Debit at 766,000 point-of-sale terminals across Canada.&nbsp;<em>Interac<\/em>&nbsp;Flash, a secure contactless enhancement of&nbsp;<em>Interac<\/em>&nbsp;Debit allows Canadians to pay for items instantly with their&nbsp;<em>Interac<\/em>&nbsp;chip debit card at a reader that supports&nbsp;<em>Interac<\/em>&nbsp;Flash. Interac Association was founded in 1984 and is comprised of a diverse membership that includes banks, trust companies, credit unions, caisses populaires, merchants, and technology and payment related companies.<\/p>\n<p>Other related services offered by Acxsys Corporation, whose shareholders are the architects of the&nbsp;<em>Interac<\/em>&nbsp;network, include:&nbsp;<em>Interac<\/em>&nbsp;Online, for secure online payments made directly from a bank account;&nbsp;<em>Interac<\/em>&nbsp;e-Transfer, for the transfer of money from one person&#8217;s bank account to another person&#8217;s bank account using an email address or mobile phone number; and international services, which provide Canadian cardholders with point-of-sale access at nearly 2 million U.S. retailers, and PULSE, Discover, Diners Club International and UnionPay cardholders access to ABMs in Canada.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, February 13, 2013\u00a0\u2013 Interac Association and Acxsys Corporation are formally announcing that the organizations are adopting the Financial Consumer Agency of Canada (FCAC) Commissioner\u2019s Guidance Code of Conduct for the Credit and Debit Card Industry in Canada (Code of Conduct) \u2013 Increased disclosure in sales and business practices and cancellation of contracts without penalty, released today by the FCAC. [Read more]<\/p>\n","protected":false},"author":1,"featured_media":74172,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"content-tags":[952,279,283],"content-category":[193],"spokespeople":[],"in_the_know_post_format":[173],"class_list":["post-74260","content","type-content","status-publish","format-standard","has-post-thumbnail","hentry","content-tags-enterprise-and-government","content-tags-interac-debit","content-tags-payments","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>Interac Association and Acxsys Corporation adopt Financial Consumer Agency of Canada Commissioner&#039;s Guidance for the Code of Conduct for the Credit and Debit Card Industry in Canada - Interac<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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