Canada's Interac sets debit record

Canada's Interac sets debit record
Tags: Bank / Credit Union, Debit / Credit, EFT Networks, North America, Other, Transaction Processing
January 7, 2007

Digital Transactions: Interac, Canada's national EFT network, announced that it processed more point-of-sale debit card transactions on Dec. 22 and 23 than in any two-day period in its 22-year history. The network handled 31.2 million transactions over those two days, 1 million more than the previous two-day record, set in 2005. All debit-card transactions in Canada are secured by PINs.