TORONTO, Nov. 5 /CNW/ - The INTERAC Online service, which allows Internet users to pay for goods or services directly from their bank accounts, continues to build momentum with the addition of Indigo Books & Music to its growing list of national and independent merchants offering the service.
Indigo, Canada's largest book retailer, will begin offering the INTERAC Online payment option through its online division which features books, toys, music and DVDs.
"Books and music are among the top types of online orders(1), so we're pleased that Indigo has implemented INTERAC Online," said Allen Wright, VP, Product Management at Acxsys Corporation, whose shareholders are the architects of the INTERAC network. "Canadians are among the highest users of debit in the world, and are increasingly demanding secure and reliable payment options online, so we're confident that INTERAC Online will meet the needs of Indigo's customers."
INTERAC Online is secure and easy-to-use because it is integrated with the customer's existing and trusted online bank account. For customers, this means transactions are authenticated within their online banking websites, not the merchant websites, so personal financial information, such as a card number, is never disclosed to the merchant or a third party. For merchants, the real-time good funds model means the merchant is guaranteed payment.
"From national retailers, to not-for-profit entities, to those in the education sector, organizations across Canada are responding to consumer demand for debit," said Wright.
Moneris Solutions, Canada's largest payment processor, is the merchant acquirer of record for Indigo Music & Books. INTERAC Online is currently available on www.chapters.indigo.ca.
For a complete list of merchants, acquirers and financial institutions who offer the service, please visit www.interac.ca.
About Acxsys Corporation
Acxsys Corporation, comprised of eight large financial institutions as shareholders, is headquartered in Toronto, Ontario. Acxsys specializes in the development and operation of new payment service opportunities as well as consulting and management services in the field of electronic payments. The Corporation's shareholders are the architects of Canada's national network for shared electronic financial services: INTERAC Direct Payment, Canada's national debit card service and INTERAC Shared Cash Dispensing Service for cash withdrawals at Automated Banking Machines. For more information, please visit www.acxsys.ca.
(1) Statistics Canada, "Canadian Internet Use Survey," November 2007.
(R) Trade-mark of INTERAC Inc. used under license.
SOURCE ACXSYS CORPORATION
For further information: For further information: Tina Romano, Acxsys Corporation, Interac Association, (416) 869-5062 or firstname.lastname@example.org