Interac

Interac is a Canadian debit card network that allows you to make payments directly from your bank account at point-of-sale terminals and online.

Interac is widely used in Canada for everyday purchases. When you use your Interac debit card, the funds are immediately debited from your bank account.

It’s a secure and convenient way to pay for goods and services.

• Related Terms: Debit Card, Point-of-Sale (POS), Bank Account, Payment Network