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:
Interac Association/Acxsys Corporation
416-869-8320 or firstname.lastname@example.org