Mr. Bryan Bossin at the Industry, Science and Technology Committee

On October 24th, 2024. See this statement in context.

October 24th, 2024 / 9:35 a.m.

Head, Government Relations and External Affairs, Interac Corp.

To be clear, Interac is not a credit card network. We process debit payments.

We work closely with the FCAC to adhere to the code of conduct for the payment card industry in Canada. That code covers both credit and debit payments, which is important to note.

Interac is a uniquely Canadian-owned and -operated entity, so we only serve the Canadian market.

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