Interac e-Transfer™now available at National Bank

TORONTO, Jan. 18, 2012 /CNW/ - Interac e-Transfer continues to expand its reach with the addition of National Bank to a growing array of financial institutions offering the service to their customers. Interac e-Transfer is a secure person-to-person payment service and a convenient alternative to cash and cheques. National Bank is also offering the option of using mobile phone numbers, in addition to email, to notify Interac e-Transfer recipients.

"We are extremely pleased that National Bank is now making Interac e-Transfer available to its customers," said Allen Wright, Vice President, Products and Services Management, Interac Association and Acxsys Corporation. "Adding Interac e-Transfer to its product suite reflects the National Bank's strong commitment to offer innovative payment options to its customers."

Interac e-Transfer is a fast, secure and convenient way to send and receive money in near real time across the country, from one bank account to another through online banking. Importantly, money never travels by email or text message; this is used only to notify the recipient and to provide the recipient with instructions on how to deposit the money.

The sender's financial institution and the recipient's financial institution transfer funds using established and secure banking procedures. Personal or financial information, such as address, phone number and bank account information, is not shared and remains private. Recipients can deposit funds by clicking on the link contained in the email notification or text message, or the link contained in the notification can be typed into a browser - no matter how the recipient is notified, the individual can deposit the transfer using any computer or mobile device connected to the Internet.

More information about the Interac e-Transfer service and a complete list of the 77 participating banks and credit unions can be found at: www.interac.ca/consumers/productsandservices_ol_eTransfer.php.

About Interac Association

A recognized world leader in debit card services, Interac Association is responsible for the development and operations of the Interac network, a national payment network that allows Canadians to access their money through Automated Banking Machines and point-of-sale terminals across Canada.

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.

Other related services offered by Acxsys Corporation, whose shareholders are the architects of the Interac network, include: Interac Online, for secure online payments made directly from a bank account; Interac e-Transfer, for the secure transfer of money from one person's bank account to another person's bank account; 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.

®, TM:  Interac, the Interac logo, and Interac e-Transfer are trade-marks of Interac Inc. Used under license.

SOURCE Interac Association

For further information:

Caroline Hubberstey
Interac Association/Acxsys Corporation
416-869-8320 or chubberstey@interac.ca


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