First Data inks deal with Canada's Interac

First Data inks deal with Canada's Interac
Tags: Associations / Conferences, Bank / Credit Union, Debit / Credit, Distributors / ISO / IAD, EFT Networks, North America, Other, Transaction Processing, Trends / Statistics
October 17, 2006

TORONTO - First Data International is slated to become a member of the Interac Association, a Canadian organization that facilitates electronic financial transactions.

According to a news release, First Data is expected to begin offering Interac services to the Canadian market in second-quarter 2007.

As an Interac member, First Data will have the ability to capture and process debit transactions in Canada, giving First Data's merchant clients the ability to accept Interac-branded cards at the point of sale.