Interac® Payment Innovation Accelerating Growth of Digital Payments in Canada
TORONTO – Coinciding with the Mobile World Congress 2016, Interac Association/Acxsys Corporation (“Interac”) has introduced enhanced innovative capabilities that are setting the standard for secure debit payments and accelerating the growth of digital payments in Canada.
A key development is the Interac Token Service Provider (TSP), which is among the first for a domestic debit network globally. This proprietary token generation and management service enables financial institutions, merchants and our partners to innovate, build and manage secure digital payment experiences.
The Interac TSP was developed in collaboration with IBM, a world leader in mobile and cloud computing, Bell ID, a global provider of tokenization software for mobile payments, and Everlink, a provider of comprehensive, innovative and integrated payment solutions and services. Leveraging this suite of innovative solutions, theInterac TSP is capable of supporting financial institutions and mobile technology providers with secure digital products at scale.