Interac Online is currently offered by the Bank of Montreal, RBC, Scotiabank and Canada Trust. By default, any online banking customer at these institutions is able to use it as a payment method – a figure that currently stands at around 9.5 million Canadians. When a customer chooses to pay with Interac Online, he or she is redirected to the Interac web page, and asked to select their bank. After logging in, selecting the account, and confirming the amount, the customer is returned to the retailer’s website for the confirmation page.
Vogogo anticipates the release of the Interac Online option to take place during Q4 2014 and expects to leverage the agreement for Interac acceptance as it expands throughout Europe.
Vogogo is a payment services company with integrated risk management and compliance. Vogogo designed, built and launched their web-based payment processing technology while providing knowledge in software development, payments, risk management, compliance and related financial services.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.