Interac – It’s How I Roll

Using Interac as a means of payment is almost as Canadian as Double-Double’s at Tim Hortons. As a matter of fact,  I wouldn’t be surprised to find a debit card with the Interac logo somewhere in Douglas Coupland’s Canada House exhibition at the Canadian Embassy in London. The idea of Interac being quintessentially Canadian did not occur to me until I lived in the States for a few years and realized that everyone carried cash to pay for sundry items through the day and I was always stuck at the counter with my debit card at the corner store that didn’t accept it.

Maybe it’s not Canadian, maybe it is just me and my comfort level with using Interac as my primary means of payment–I’ve used the Interac network twenty times in the past week. There are several reasons for this comfort level and I recently had the chance to sit down with Interac Security expert Rachel Jolicoeur who gave me even more reasons to believe that Interac is my safest go-to for payment methods.

Interac_Debit_Payment1. Thankfully, I have never been the victim of debit card skimming or fraud but as an Interac cardholder, I am not liable for losses resulting from circumstances beyond my control. This includes losses resulting from technical errors, system problems or fraud.

2. Due to chip technology, Interac Flash enabled cards have increased protection against skimming, counterfeiting, and transaction replay types of fraud, including electronic pickpocketing.

3. Interac’s security team is constantly working to eliminate debit card fraud and their competence has been proven by the fact that Interac Debit losses, due to skimming, have continued a six year drop setting a new record low of $11.8 million in 2015 – a 27 per cent decrease from the previous year.

If you want the convenience of using a payment card, Interac Debit and Interac Flash are among the safest ways to pay.

Honestly? Interac’s diligence in thwarting debit card fraud is because of people like me who go through life not wanting to worry about criminal behaviour.

I want to quickly e-transfer money to the gal who does my eyelash extensions and to the friend who paid for my drinks. I want to go out with just my drivers license and my debit card and not have a stack of cash in my purse. I want convenience and I want to trust that someone is looking out for me. Thanks, Interac (I’m looking at you Rachel Jolicoeur!)–I’m looking forward to a long and secure relationship.

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