According to a press release, Canada’s credit unions announced in February that their members will benefit from using a new mobile payments service.
The new addition will be made using Interac Flash, a contactless product from the country’s debit network, which is self-proclaimed to be “the fast, secure contactless enhancement of Interac Debit.
”The support for the service is going to be any smartphone, and the members will be able to make purchases at retailers displaying the Interac Flash logo.
“The Mobile Pay service will be an easy to use, convenient method of giving credit union members the option of purchasing on the go using their supporting smartphones instead of debit cards,” said Martha Durdin, president and CEO of the Canadian Credit Union Association. “It is also another great example of how credit unions are using technology by working with industry leaders to make financial transactions easier.”
Known to launch the Mobile Pay service are the following credit unions: Affinity Credit Union in Saskatchewan, Conexus Credit Union in Saskatchewan, First West Credit Union in British Columbia and Meridian in Ontario.