INTERAC Online
ABORG Computing offers programming services for INTERAC Online® - an additional payment type for Canadian Dollar merchants. The INTERAC Online service is a payment option that allows consumers to pay for goods and services on the Internet directly from their bank account.
Benefits of INTERAC:- Attracts new markets (i.e.: customers) who may be:
- Concerned with sharing financial information online
- Unable to obtain credit (e.g. youth)
- Looking for new, innovative payment alternatives
- Good Funds Model: The Financial Institution authenticates the consumer and ensures funds are available in the consumer's account
- Additional sales at a lower cost than credit card - i.e. lower transaction and commission fees than credit cards