Scotiabank and the Royal Bank of Canada will be the first Canadian banks to issue the Interac Association’s new contactless EMV chip-and-PIN cards, Interac announced Nov. 16. The banks plan to issue ...

The Interac Association, which operates Canada’s sole PIN-debit network, is adding a contactless function to its EMV chip-and-PIN cards. Interac plans a national rollout in early 2011. The ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This new option will allow UP Express riders to purchase their transit ...

Interac Debit is now accepted as a contactless payment option on UP Express via a pilot led by Metrolinx on the PRESTO fare payment system. This option will allow UP Express riders to buy their ...

In-store debit card payments made using mobile devices in Canada surged 53% during the 12-month period ended July 31, compared to the same period a year earlier, according to Interac Corp., Canada’s ...