AtlasPayment MethodsInterac e-Transfer

Interac e-Transfer

pmt_interac_etransfer

Introduced in 2003, Interac e-Transfer is a bank-transfer payment method for account-to-account payments.

Bank Transfer
Use cases:
Channels:
Initiation:
Users
20M
Markets
1
TPV
$450B
Transactions
1.6B

Number of Users

UsersYoY
20222023202420252026Five-year Users and YoY data will appear here

Total Payment Volume

TPVYoY
20222023202420252026Five-year TPV and YoY data will appear here

Markets

Markets and currencies connected to Interac e-Transfer across consumer, processing and settlement flows.

Market
CanadaUS&C———

Capabilities

How Interac e-Transfer works across its supported payment flows, normalized to the Atlas capability model.

Processing
ConfirmationDelayedInstant
Clearing ModelBatchReal-time
System Settlement Timing–
System InteroperabilityOpen
Cross-border Support–
Flows
Embedded–
Redirect–
Deep Link–
Offline Completion–
Manual TransferSupported
Payment RequestConditional
QR–
NFC–
USSD–
Recurring
User-present Repeat–
Merchant-initiated–
Mandate Support/Required–
Credential on File–
Authentication
Online Banking–
App Approval–
Biometric Authentication–
PIN / PasscodeConditional
One-time PasswordConditional
3D SecureNot supported
Authorization
Authorization Hold / Pre-authorization–
Authorization Reversal / Void–
Authorization Adjustments–
Partial Authorization–
Zero-value Verification–
Capture
Separate/Manual Capture–
Partial Capture–
Multiple Partial Captures–
Refunds
Full Refunds–
Partial Refunds–
Multiple Partial Refunds–
Disputes
Chargebacks–
Non-chargeback Dispute Process–
Payment Guarantee–
Funding Sources
Bank AccountSupported
Card–
Stored Balance–
Credit Line–
Cash–
Consumer Requirements
Local Bank Account RequiredConditional
App / Wallet Account Required–
Phone Number RequiredRequired
Supported Bank/Issuer RequiredRequired
Merchant Requirements
Local Entity Required–
Local Bank Account Required–
Local Acquiring Required–
Local Processing Required–

PSPs

PSP-specific Interac e-Transfer implementations, kept separate from the underlying payment method.

No PSP implementations have been mapped for this method yet.

Schemes

Schemes connected to Interac e-Transfer, using the same four-metric model as the overview.

Scheme
Interac e-Transfer

Compliance

Regulators and regulations connected to Interac e-Transfer.

Regulator(s)
No regulators have been mapped yet.
Regulation Category

Standards

Standards connected to Interac e-Transfer.

No standards have been mapped yet.
Interac e-Transfer81.0%
Markets75.0%PSPs0%Schemes50.0%Compliance100%Standards0%