Surrey, BC / Toronto, ON. (June 27, 2024) - Coast Capital announced today that it is now directly connected to the Interac® network and Interac e-Transfer® service, a move that enhances digital payment services for its nearly 600,000 members and delivers upon the financial cooperative’s commitment to providing an exceptional member experience through digital innovation.
“As currently one of only two credit unions directly connected to the Interac e-Transfer service, we are leading the sector in terms of continued technology evolution,” says Jeff Wong, Coast Capital’s Chief Digital, Information & Technology Officer. “This significant milestone not only brings increased efficiency to our online and mobile banking experience but also offers increased opportunity to unlock financial opportunities for our members through further digital enhancements within the Interac roadmap.”
“We are excited about the opportunity to partner more closely with Coast Capital as a direct connector to the Interac e-Transfer service,” said Glenn Wolff, Chief Client Officer, Interac Corp. “Interac connects Canadians to the digital economy in meaningful ways. Our goal is to enable a more accessible and secure digital economy for all Canadians, and credit unions are an important part of that effort.”
“Our members provided feedback and we heard them,” said Nancy McNeill, Coast Capital’s Senior Vice President of Operations and Transformation Lead. “We recognize the ways our members bank is changing and there’s increasing consumer demand for digital experience excellence.”
Since 1984, Interac has played an important role in developing Canada’s digital payment infrastructure. Currently, over 300 financial institutions participate in Interac’s networks with 20M transactions occurring each day with Interac products.
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About Coast Capital
At Coast Capital, we’re not dreaming about a better future, we’re building one. We’re a member-owned financial cooperative with a more than 80-year legacy of unlocking financial opportunities that positively impact people and communities. We believe that every Canadian deserves a financial partner who actually cares how things turn out. Driven by our social purpose, we look at everything we do through the lens of how we can help our nearly 600,000 members, our employees, and communities. We’re proud to be a Certified B Corporation™, ranked in the platinum category of the 2022 Corporate Knight’s Social Purpose Ranking and part of a global movement building a more inclusive, equitable and regenerative economic system. We’re deeply committed to making our financial cooperative a great place to work as demonstrated by some of our accolades. Coast Capital is a platinum member of Canada’s Best Managed Companies and one of Canada’s Most Admired Corporate Cultures. To learn more, visit us online at coastcapitalsavings.com.
About Interac Corp.
Interac empowers Canadians to transact digitally with confidence by providing payment and value exchange services. In helping to develop the future of money and data in Canada, security is the core of everything we do. We help keep Canadian customers safe and secure when transacting. With nearly 300 financial institutions connected to our network, Canadians choose Interac products over 20 million times a day on average to exchange money. Interac champions workplace culture, community, and corporate citizenship. We are proud to be one of Canada’s leading and most trusted financial brands.
For more information, visit In The Know.
Interac and Interac e-Transfer are registered trademarks of Interac Corp. Used under license.
Interac Corp., 416-869-2017, media@interac.ca