Latest news with #e-TransferforBusiness
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.
Cision Canada
01-05-2025
- Business
- Cision Canada
Dream Payments Launches Interac e-Transfer® Payouts Across Canada
Dream Payments now enables real-time money movement through the Interac e-Transfer for Business service—seamlessly powering payouts for participating banks, insurers, and SaaS platforms nationwide. TORONTO, May 1, 2025 /CNW/ - Dream Payments has announced the launch of Interac e-Transfer payouts across its embedded payments platform, DreamPay -- enabling real-time disbursements for participating banks, insurers, enterprises, and SaaS platforms across Canada. This launch will allow organizations to instantly deliver funds to individuals or businesses using only an email address or mobile phone number, without the need to collect sensitive banking information. The DreamPay platform now supports Interac e-Transfer transactions alongside EFT, virtual cards, and cheques, and integrates directly into existing treasury, ERP, and claims systems — with no infrastructure changes required. "Dream's clients and partners — whether they're banks, insurers, or SaaS platforms — want speed, security, and simplicity. That's exactly what we've delivered through the Interac e-Transfer service," said Anant Tailor, Chief Product Officer, Dream Payments. "With Interac e-Transfer, we've unlocked and democratized 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 e-Transfer is deeply embedded in the way Canadians move money," said Glenn Wolff, Group Head and Chief Client Officer, Interac Corp. "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 organizations meet customer expectations by embedding Interac directly into their digital journeys." The launch of Interac e-Transfer by Dream Payments coincides with Dream's participation in the 2025 Payments Canada Summit, where the company will appear on stage and host executive briefings with financial institutions, insurers, and platforms. To connect with Dream at the summit or before, please email: [email protected] Quotes for Interac e-Transfer by Dream Payments Zurich Insurance Company Ltd, Canadian Branch (Zurich Canada): Zurich Canada is one of the first Canadian insurers to activate Interac e-Transfer for Business for claims payouts using the DreamPay platform. Björn Bierfreund, Chief Financial Officer, Zurich Canada says: "Providing customers with more ways to receive their payments is essential to creating a smoother claims process. By offering trusted and convenient payment options, we can ensure funds are delivered quickly and securely. This approach allows for a fast, effortless experience, making it easier for customers to get back on track after a claim." About Dream Payments Dream Payments is a leading API and Embedded Payments Platform, trusted by two of North America's top 10 financial institutions, leading insurance carriers, and software platforms like Guidewire and Insurity. Dream's platform provides end-to-end payments infrastructure—including APIs, payment orchestration, KYC, and AML compliance—designed to power seamless pay-in and pay-out digital payment services. Whether streamlining claims payments or enabling embedded payment services to drive new revenue, Dream empowers organizations to build the future of payments in today's digital-first economy. For more information, visit About Interac Corp. Interac empowers Canadians to transact digitally with confidence by providing payment and value exchange services. In helping to develop the future of money movement in Canada, security is at the core of everything we do. We help keep Canadian customers safe and secure when transacting. With nearly 300 financial institutions connected to our network, Canadians choose Interac products over 20 million times a day on average to exchange money. Interac champions workplace culture, community, and corporate citizenship. We are proud to be one of Canada's leading and most trusted financial brands.
