This article is rated Start-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | |||||||||||||||||||||||||||||||
|
Friends in Canada tell me that Interac does not allow Canadians to use their debit cards for internet purchases; certainly the Canadian Amazon site won't take them. If this is indeed so, it ought to be mentioned in this article (probably under "Services not offered..."), since it's a fairly major restriction; in a number of countries (such as here in Britain), debit cards are extremely popular for online shopping. Loganberry ( Talk) 23:54, 6 June 2006 (UTC)
Indeed we cannot make purchases online with Interac - Interac is an immediate form of transaction. You have to type your pin number in for it to be accepted. The machine directly contacts your account and removes the money from it. - Anonymous
I came to this article looking for the English training company from Japan. I was going to make a disambiguation link, but there's no article to link to and all I know about the company is that it exists.-- Dustin Asby 20:40, 12 September 2007 (UTC)
Here is a link to their site http://www.interac.co.jp/ — Preceding unsigned comment added by 154.20.24.69 ( talk) 00:46, 25 April 2014 (UTC)
The result of the proposal was Move, perfectly sensible request despite lack of participation. Duja ►
Current Interac article does not assert importance of Interac in Japan vs. Interac in Canada for article naming convention. Furthermore, there is a large base of articles already linking to "Interac" only in reference to the Canadian company. Suggesting that the article be moved to "Interac (Japan)" and that " Interac Association" be moved back to "Interac" or that it becomes at least a disambiguation page. AirOdyssey ( Talk) 23:55, 12 September 2007 (UTC)
I've removed the "Criticisms" section from the article and moved it here for discussion. The removed text is as follows:
"One criticism of debit cards is that they slow down checkout lineups overall. When using a PSTN-based Interac terminal, the steps required to swipe the card, enter the PIN, and have the transaction verified and approved remotely can sometimes be significantly slower than a cash transaction, even when change must be fumbled with, or even a credit card transaction. Some merchants, such as Tim Hortons, openly refuse to accept IDP in most provinces for that reason.
Another criticism of debit cards is that they actually do not help with money management and actually mask the act of spending money. Consumers don't give or receive a tangible monetary device like paper or coin money and thus may find difficulty in tracking funds. Coupled with in some cases banking fees for using debit transactions, consumers may find it less significant to make several little electronic purchases throughout the day. The true cost is not fully appreciated until they receive their bank statement at the end of the month."
This section has no citations, borders on original research (re: wait times), and - as with most "Criticisms" sections - is open to abuse. Please don't interpret this as an attempt to censor critical assessments of the system - they certainly have a valid place in the article. However, such analysis, as with any information in a Wikipedia article, needs to come from a verified third-party source. Thoughts? -- Ckatz chat spy 00:26, 13 September 2007 (UTC)
From the article:
This line appears to directly contradicts the statement from the Bank of Canada in 2011 when they launched the new $100 banknote < http://www.bankofcanada.ca/2011/11/speeches/bank-note-launch/>:
While not explicitly stated, "our research" is presumably in reference to the 2009 Methods of Payment survey commissioned by the bank; an overview of which can be found at < http://www.bankofcanada.ca/2012/09/publications/research/discussion-paper-2012-6/>. From that paper:
The cited article merely says that "IDP surpasses cash as Canadians' preferred way to pay for purchases." It doesn't seem to follow from the citation that more transactions in Canada were done using Interac than with cash. Draconx ( talk) 17:51, 9 October 2012 (UTC)
Hello fellow Wikipedians,
I have just added archive links to one external link on
Interac. Please take a moment to review
my edit. If necessary, add {{
cbignore}}
after the link to keep me from modifying it. Alternatively, you can add {{
nobots|deny=InternetArchiveBot}}
to keep me off the page altogether. I made the following changes:
When you have finished reviewing my changes, please set the checked parameter below to true to let others know.
An editor has reviewed this edit and fixed any errors that were found.
Cheers.— cyberbot II Talk to my owner:Online 11:00, 7 January 2016 (UTC)
It appears that with the increased advent of co-badged cards in partnership with Visa and MasterCard, Interac Online (the online payment service, not the EMT service) is seeing a significant decrease in adoption. When going through the payment flow through an applicable merchant, Scotiabank and BMO are now unavailable, and logging into a TD account with an updated Visa co-badged card prevents use of this feature (older Interac-only cards will still function), meaning that the only major bank that still supports this feature fully is RBC. Some credit unions still support Interac Online. There is no good source that I can find for this other than going through the payment flow itself, so I will be adding the {{ Update}} template to the relevant section. JaredTamana ( talk) 12:19, 10 December 2021 (UTC)
This article is rated Start-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | |||||||||||||||||||||||||||||||
|
Friends in Canada tell me that Interac does not allow Canadians to use their debit cards for internet purchases; certainly the Canadian Amazon site won't take them. If this is indeed so, it ought to be mentioned in this article (probably under "Services not offered..."), since it's a fairly major restriction; in a number of countries (such as here in Britain), debit cards are extremely popular for online shopping. Loganberry ( Talk) 23:54, 6 June 2006 (UTC)
Indeed we cannot make purchases online with Interac - Interac is an immediate form of transaction. You have to type your pin number in for it to be accepted. The machine directly contacts your account and removes the money from it. - Anonymous
I came to this article looking for the English training company from Japan. I was going to make a disambiguation link, but there's no article to link to and all I know about the company is that it exists.-- Dustin Asby 20:40, 12 September 2007 (UTC)
Here is a link to their site http://www.interac.co.jp/ — Preceding unsigned comment added by 154.20.24.69 ( talk) 00:46, 25 April 2014 (UTC)
The result of the proposal was Move, perfectly sensible request despite lack of participation. Duja ►
Current Interac article does not assert importance of Interac in Japan vs. Interac in Canada for article naming convention. Furthermore, there is a large base of articles already linking to "Interac" only in reference to the Canadian company. Suggesting that the article be moved to "Interac (Japan)" and that " Interac Association" be moved back to "Interac" or that it becomes at least a disambiguation page. AirOdyssey ( Talk) 23:55, 12 September 2007 (UTC)
I've removed the "Criticisms" section from the article and moved it here for discussion. The removed text is as follows:
"One criticism of debit cards is that they slow down checkout lineups overall. When using a PSTN-based Interac terminal, the steps required to swipe the card, enter the PIN, and have the transaction verified and approved remotely can sometimes be significantly slower than a cash transaction, even when change must be fumbled with, or even a credit card transaction. Some merchants, such as Tim Hortons, openly refuse to accept IDP in most provinces for that reason.
Another criticism of debit cards is that they actually do not help with money management and actually mask the act of spending money. Consumers don't give or receive a tangible monetary device like paper or coin money and thus may find difficulty in tracking funds. Coupled with in some cases banking fees for using debit transactions, consumers may find it less significant to make several little electronic purchases throughout the day. The true cost is not fully appreciated until they receive their bank statement at the end of the month."
This section has no citations, borders on original research (re: wait times), and - as with most "Criticisms" sections - is open to abuse. Please don't interpret this as an attempt to censor critical assessments of the system - they certainly have a valid place in the article. However, such analysis, as with any information in a Wikipedia article, needs to come from a verified third-party source. Thoughts? -- Ckatz chat spy 00:26, 13 September 2007 (UTC)
From the article:
This line appears to directly contradicts the statement from the Bank of Canada in 2011 when they launched the new $100 banknote < http://www.bankofcanada.ca/2011/11/speeches/bank-note-launch/>:
While not explicitly stated, "our research" is presumably in reference to the 2009 Methods of Payment survey commissioned by the bank; an overview of which can be found at < http://www.bankofcanada.ca/2012/09/publications/research/discussion-paper-2012-6/>. From that paper:
The cited article merely says that "IDP surpasses cash as Canadians' preferred way to pay for purchases." It doesn't seem to follow from the citation that more transactions in Canada were done using Interac than with cash. Draconx ( talk) 17:51, 9 October 2012 (UTC)
Hello fellow Wikipedians,
I have just added archive links to one external link on
Interac. Please take a moment to review
my edit. If necessary, add {{
cbignore}}
after the link to keep me from modifying it. Alternatively, you can add {{
nobots|deny=InternetArchiveBot}}
to keep me off the page altogether. I made the following changes:
When you have finished reviewing my changes, please set the checked parameter below to true to let others know.
An editor has reviewed this edit and fixed any errors that were found.
Cheers.— cyberbot II Talk to my owner:Online 11:00, 7 January 2016 (UTC)
It appears that with the increased advent of co-badged cards in partnership with Visa and MasterCard, Interac Online (the online payment service, not the EMT service) is seeing a significant decrease in adoption. When going through the payment flow through an applicable merchant, Scotiabank and BMO are now unavailable, and logging into a TD account with an updated Visa co-badged card prevents use of this feature (older Interac-only cards will still function), meaning that the only major bank that still supports this feature fully is RBC. Some credit unions still support Interac Online. There is no good source that I can find for this other than going through the payment flow itself, so I will be adding the {{ Update}} template to the relevant section. JaredTamana ( talk) 12:19, 10 December 2021 (UTC)