Interac provides electronic payment services in Canada, including Interac e-Transfer for personal and business use. Its official business materials describe tools for sending, requesting and receiving payments through participating financial institutions, with options such as business payment requests, bulk disbursements and transaction information for reconciliation. Interac also publishes guidance for merchants and businesses on online and account-based payments. Service availability and transaction features depend on the participating bank or credit union, account type and the specific Interac product.
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