Emergis’ Interac Online transaction processing service is a part of the company’s suite of point-of-sale services, which include traditional debit and credit transaction processing.
Customers who wish to use Interac Online must be registered for online banking services with a participating financial institution. After selecting Interac Online as their payment method on a merchant’s web site, they are prompted to select their financial institution and are redirected to their regular online banking web site where they can select their account and confirm payment. Once this step is completed, they are sent back to the merchant’s web site for the confirmation page, and the merchant will proceed to fulfill the order.
Emergis will offer Interac Online service through third-party resellers, such as PSiGate, Beanstream, InternetSecure and Admeris. These resellers facilitate the relationship with merchants and organizations and offer them the service at a competitive price. The organizations including HMV, Lespac.com, University of British Columbia and Wilfrid Laurier University will get befit from the new payment solution.
Keith Nugara, senior vice-president of financial services market of Emergis, said: Emergis is proud to participate in yet another cutting-edge technological development that touches Canadians in their everyday lives. We are also pleased that such reputable organizations have chosen our solution to power their e-commerce activities.
