Latest news with #Interace-Transfer
Hamilton Spectator
31-07-2025
- Business
- Hamilton Spectator
Getting Paid for Shopping Just Got Even Easier, Rakuten.ca Launches Interac e-Transfer Payouts
TORONTO, July 31, 2025 (GLOBE NEWSWIRE) — Getting paid for shopping just got a major upgrade. is thrilled to introduce Interac e-Transfer as a brand-new, faster, and more secure way for members to cash in on their Cash Back - straight to their bank accounts in minutes via email. Interac e-Transfer is Canada's trusted, real-time bank-to-bank digital money transfer service, allowing Rakuten members to receive their Cash Back directly into their bank account using only an email address. With over 750 retailers, such as H&M, New Balance, Sephora, Mejuri, Best Buy, Expedia, Sporting Life, , HelloFresh and more, offering Cash Back on everything from fashion and beauty to travel, takeout, gift cards and more, Rakuten's new Interac e-Transfer option means rewards land in bank accounts faster and more securely. Now, Canadians can enjoy the rewards of their shopping even sooner. 'We are incredibly excited to announce the upcoming launch of Interac e-Transfer for Cash Back payments at Rakuten. This is a game-changer for our members, offering a faster, more reliable, and incredibly convenient way to receive their rewards,' says Jennifer La Forge, General Manager of Rakuten Canada. 'We're committed to continuously improving the member experience, and integrating Interac e-Transfer is a significant step forward in providing the modern, seamless service our members deserve.' What's New: This new offering underscores Rakuten's commitment to delivering fast, secure, and flexible payout options that match the evolving needs of Canadian shoppers. For more information or to select Interac e-Transfer as your preferred payout method, visit . About For over 10 years, is a leading shopping rewards program that offers Cash Back, deals and rewards from all your favourite brands. By partnering with over 750 brands in apparel, health and beauty, travel, on-demand services, subscription boxes and more, Rakuten helps Canadians get more from the things they buy. Since launching in 2012, Rakuten has become the largest and most rewarding shopping experience, and its 7 million members have earned $140 million in Cash Back just for shopping through Rakuten. For more information, visit . For more information or media requests please contact: Daliah Hijazi Marsons: | 647.638.3257
Yahoo
19-06-2025
- Business
- Yahoo
Western Union partners with Zūm Rails on real-time remittances
Western Union has joined hands with Zūm Rails, an all-in-one payments platform, to power money transfer from Canada to over 200 countries and territories across the globe. The collaboration integrates Zūm Rails' APIs with Western Union's network, leveraging the Interac e-Transfer system for 'real-time' remittances. Consumers can now make money transfers within seconds, with the advent of real-time payments and digital financial services. However, the speed of these transactions is contingent on the underlying payments rails technology that financial institutions adopt, Zūm Rails highlighted. Despite the availability of new technologies that enable real-time transactions, the process of integrating these systems into their existing frameworks can be resource-intensive, requiring investment in both time and compliance measures, the firm further outlined. Zūm Rails CEO Miles Schwartz said: 'Our work with Western Union reflects a larger trend across the payments industry, defined by real-time money movement as a non-negotiable service for consumers and enterprises alike.' 'Partnerships between traditional financial institutions and fintechs are proving to be a catalyst in accelerating this trend. Western Union is in a unique position to lead the industry forward, leveraging its technological innovation and its deep history in the cross-border remittance industry. We look forward to working with them to support their efforts in delivering an exceptional customer experience.' A recent survey by Interac, a provider of payment and digital information exchange services, revealed that nearly nine out of ten Canadians have utilised Interac e-Transfer. In the past 12 months, Canadians have used this service to move approximately $338bn, with the total reaching over $625bn since the onset of the pandemic. Furthermore, nearly half (49%) of the respondents indicated a growing usage of Interac e-Transfer during this period. Western Union Canada vice president of Digital and Ecosystem Ranjit Sarai said: 'Consumers should be able to send payments anywhere in the world at the same speed as they can with native peer-to-peer applications. Our work with Zūm Rails makes this a reality.' 'That is only part of what we have in store for Western Union customers as we work to bring a number of entirely new digital financial experiences to market, to complement the reliable service they've come to expect.' Recently, Jingle Pay, a fintech company based in the UAE, partnered with Western Union. This collaboration aims to facilitate international remittances into bank accounts and mobile wallets from selected markets. "Western Union partners with Zūm Rails on real-time remittances" was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-05-2025
- Business
- Yahoo
Dream Payments enables Interac e-Transfer payouts in Canada
Dream Payments has added Interac e-Transfer payouts into its DreamPay platform, enabling real-time payment capabilities for Canadian financial institutions, insurers, and enterprises. This feature enables the transfer of funds using only an email address or mobile number, eliminating the need for banking information. Interac, a service that enables Canadians to conduct digital transactions, is connected to nearly 300 financial institutions. The DreamPay platform's new capability complements existing payment methods such as EFT, virtual cards, and cheques. It is designed to integrate directly with current treasury, ERP, and claims systems without the need for infrastructure changes. Zurich Canada, part of Zurich Insurance Company, is among the first insurance companies to adopt the Interac e-Transfer for Business service for claim payouts via the DreamPay platform. Dream Payments chief product officer Anant Tailor said: 'With Interac e-Transfer, we've unlocked and democratised access to real-time money movement in Canada. Whether through our modern Payout API or our no-code DreamPay Payout Portal, we've made it easy for businesses to embed instant payouts into their operations — no disruption, no delays. It's a dramatically better experience for payees, whether it's a claimant anxiously waiting for a payment or a supplier looking to get paid faster.' Interac Corp chief client officer and group head Glenn Wolff stated: 'Interac e-Transfer is deeply embedded in the way Canadians move money. We're proud to see our capabilities expanding into high-impact use cases like insurance, where speed and trust matter most. Dream's platform is helping more organisations meet customer expectations by embedding Interac directly into their digital journeys.' The DreamPay platform is equipped to provide a full payments infrastructure, which includes APIs, payment orchestration, and compliance features for KYC and AML. "Dream Payments enables Interac e-Transfer payouts in Canada " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
