I gather that, if I do business with the Royal Bank, the money doesn't go to Interac. The money will remain in a Royal Bank account.
There's often a concern. Once the transfer is made, we have no more contact. We wait for the recipient to accept the funds. However, if the person doesn't receive the money, we worry about where the money has ended up. So the issuing bank has it.
I'm trying to understand the technical system. From a virtual standpoint, could another person intercept the transfer? Could a hacker intercept a transfer? What could be done in that type of situation?