Interac e-Transfer®
Interac e-Transfer® is a 24/7 payment product that lets you quickly send funds from a J.P. Morgan account to a beneficiary's email address, mobile phone number, or bank account number through the Interac network.
Benefits
- Notifications: Payment confirmation in real time.
- Speed: Quick availability of funds for beneficiaries.
- Ease of use: Easy identification of beneficiaries through email addresses and mobile phone numbers rather than lengthy account and routing numbers.
When to use Interac e-Transfer
Rebates
Issue rebates to customers.
Payroll payments
Pay employees and contractors on demand.
Vendor payments
Pay vendors for goods and services, and reduce costly follow-ups.
Expense reimbursements
Simplify reimbursements to employees for business-related expenses.
Insurance claims
Issue instant claim reimbursements, billing refunds, and annuity payouts to policyholders.
How Interac e-Transfer works
The following image illustrates a high-level overview of a typical Interac e-Transfer payment:
The following image illustrates an in-depth overview of a typical Interac e-Transfer payment:
Availability
The following table contains the region and country where Interac e-Transfer is available for Global Payments API initiation:
Region |
Country |
|---|---|
North America (NA) |
Canada |
Next steps
Learn about the payment parameters to initiate an Interac e-Transfer payment.