Canadian payment solutions provider Interac has expanded its business offering with the launch of Interac Verified™.
This new suite of solutions provides Canadians with the ability to securely and conveniently verify their data when accessing services offered by participating businesses and governments.
The suite includes Interac document verification service and Interac sign-in service, both of which utilize trusted partners like financial institutions to connect with users and establish their identities.
“We can draw clear parallels between verification and payments and what these ecosystems fundamentally need to be grounded in – trust and security – to deliver value to Canadians,” said Debbie Gamble, Chief Officer, Innovation Labs & New Ventures at Interac.
“Interac is uniquely positioned to deliver an interoperable verification and authentication network built on the nearly four decades of trust we have cultivated with Canadians.”
As the digital economy continues to grow, consumers and service providers alike require solutions that enable secure digital interactions while also safeguarding personal data and meeting compliance requirements.
Interac Verified is built on an interoperable network that connects consumers, businesses, and governments, providing shared value that no single entity could achieve alone.
With Interac Verified’s interoperability, Interac is connecting Canadians and helping businesses transform digitally. The suite of solutions will serve as a catalyst for innovation and growth, enabling secure digital interactions between parties and delivering the shared value that Canadians need in today’s digital economy.
“We are regularly required to digitally verify and authenticate our data, but digital interactions today can be marred by risk, friction and a lack of control,” said Neil Butters, Vice President of Product, Interac Verified.
“Interac Verified responds to the need for verification and authentication methods that enable access to digital services and delivers more seamless interactions to Canadians.”