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Payza Adds Convenient Feature for Canadian Members

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Funds Can Now Be Added Instantly and Directly From Bank Accounts via INTERAC

LONDON and MONTREAL–(Yahoo Finance via Marketwired – Jun 26, 2013) – Payza, one of the leading payment platforms worldwide, announced today the addition of a new feature that allows Canadian members to transfer funds instantly from their bank account to their Payza accounts with INTERAC Online. The new “Add Funds by INTERAC Online” service, which is utilized by Canada‘s large network of financial institutions, will be added to Payza’s suite of payments and disbursements solutions immediately available to Canadians.

The service is not only extremely convenient, but more affordable than credit card transactions. Customers can load their accounts by transferring money from their Canadian bank account to their e-wallet for a flat rate of $1.50 CAD per transaction of up to $500 CAD. In addition, avoiding the use of credit cards provides a heightened level of security for Payza members since sensitive personal data is not transmitted.

“We’re excited to be supporting INTERAC Online,” said Ali Nizameddine, Chief Technology Officer at Payza. “The INTERAC network is almost universally adopted in Canada and is supported by every major bank. All of our Canadian members, already very familiar and comfortable with this service, will now be able to take advantage of the convenience of using INTERAC from within their Payza accounts.”

The new feature also marks a new strategy for Payza. The company is planning services that are geographically specific in the markets it serves worldwide. “There is no question that money is universal,” Nizameddine added. “But there is no ‘one size fits all’ when it comes to the availability of financial services and products. Offering tailored services to each region will not only be a strong competitive advantage for us, it will also provide the most relevant services to the markets in which we operate.”

About Payza

Payza is one of the world’s leading global online payment platforms specializing in e-commerce processing, corporate disbursements and remittances. Payza‘s highly secure e-wallet platform provides businesses and consumers with convenient and flexible solutions for sending and receiving payments worldwide. The company offers access to payment services in both traditional and emerging markets, as well as a host of tools and services including: fraud screening, dispute resolution, currency exchange, global payouts and disbursement services. With 10 million members, Payza offers its services around the world in 21 currencies, and is proud to provide its merchants around the globe with a complete solution for accepting payments and managing their businesses. More information is available about Payza on its website and its Facebook and Twitter pages.

About INTERAC 

A recognized world leader in debit card services, Interac Association is responsible for the development and operations of the Interac® network, a national payment network that allows Canadians to access their money through Interac Cash at 60,000 Automated Banking Machines and Interac Debit at 766,000 point-of-sale terminals across CanadaInterac Flash, a secure, contactless enhancement of Interac Debit, allows Canadians to pay for items instantly with their Interac chip debit card at a reader that supports Interac Flash.

Interac Association was founded in 1984 and is comprised of a diverse membership that includes banks, trust companies, credit unions, caisses populaires, merchants and technology and payment related companies.

Other related services offered by Acxsys Corporation, whose shareholders are the architects of the Interac network, include: Interac Online, for secure online payments made directly from a bank accountInterac e-Transfer™, for the transfer of money from one person’s bank account to another person’s bank account using an email address or a mobile phone number; and international services, which provide Canadian cardholders with point-of-sale access at nearly 2 million U.S. retailers, and PULSE, Discover, Diners Club International and UnionPay cardholders access to ABMs in Canada.