E-Business Library > Canada's Interac Moves To ECommerce

[Payments News] "Debit is the most popular way for Canadians to pay for their purchases - with Interac Online we've given Moneris' online merchants access to the full potential of consumers' spending power," said Jim Baumgartner, president and CEO, Moneris. "Moneris merchants will be equipped to present the same payment options to their e-commerce customers as they do to their in-store customers, increasing the scope of their business."The Interac association has a website describing Interac Online for both consumers and merchants -- including an online tour of how the service works.

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[Ladlass.com] Internet Changes Everything: Banks to launch debit for online shopping: The Royal Bank of Canada, which is currently testing the Interac Online system, is expected to be the first bank to offer the service to its online customers, likely toward the end of this month. The Bank of Nova Scotia and Bank of Montreal are expected to follow in June and July, respectively.

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