SafetyPay to offer e-commerce payment solution in Canada through Interac network
MIAMI BEACH, FL-- SafetyPay, an online international e-commerce payment solution, in conjunction with the Bank of Montreal, the Royal Bank of Canada, TD Bank and Scotiabank, has announced it will offer its online payment service via the Interac network. SafetyPay enables online banking customers to make online purchases from merchants worldwide and pay directly through their local bank account in their local currency.
By using SafetyPay’s e-commerce payment solution through Interac’s online service, payments are conducted through online banking meaning users don’t need to sign up or create any new passwords or accounts. In addition, no financial details, card numbers or login information is shared with the online merchant or any third party.
“As we enter into the Canadian marketplace, we are bringing forth our unique marketing and educational programs to both merchants and consumers alike. Our goal is to give Canadian shoppers the ability to shop globally and pay locally,” says Barbara Bibas, Chief Marketing Officer at SafetyPay.
Interac is responsible for the development and operations of the Inter-Member Network (IMN), a national payment network that allows Canadians to access their money through Automated Banking Machines and Point-of-Sale terminals across Canada. Together with SafetyPay’s online payment solution, Canadian merchants’ customer base will expand with an international reach of approximately 250 million potential banking customers.