Interac

Interac
Operating areaCanada
Members83
ATMs59,000
Founded1984; 40 years ago (1984) (as Interac Association)
February 1, 2018; 6 years ago (2018-02-01) (as Interac Corporation)
OwnerInterac Corporation
Websiteinterac.ca

Interac is a Canadian interbank network that links financial institutions and other enterprises for the purpose of exchanging electronic financial transactions. Interac serves as the Canadian debit card system and the predominant funds transfer network via its e-Transfer service. There are over 59,000 automated teller machines that can be accessed through the Interac network in Canada, and over 450,000 merchant locations accepting Interac debit payments.[citation needed]