With INTERAC® Online service, consumers who are ready to pay an online merchant will be able to click on a button labeled "INTERAC® Online" This will produce a list of participating banks, from which the consumer makes a selection and is routed to that bank's online banking page. Here the consumer enters his/her password for online-banking access along with his/her account number. The bank site will show the consumer the page on the merchant site he just left to confirm the transaction, establish whichaccount the consumer wants to pay from, and will then redirect him to the merchant's site. Funds will clear and settle overnighf.
The INTERAC® Online service will bring another dimension to help increase both your fundraising and business revenues as well as cutting administration expenses. This will in turn add positively to your bottom lines and campaign results.
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