• cecilkorik@lemmy.ca
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    4 days ago

    As a layperson outside the financial world none of that sounds like anything I’m at all familiar with or probably ever will be, but I’ll take your word for it and it sounds good I guess. I suppose I’ll indeed be able to consider it as “new more betterer Interac”, and I’ll leave it for the banks to deal with the details of whatever this is and get back to the modest financial means of my life.

    • jonzobot@lemmy.ca
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      4 days ago

      I’m pretty sure you’ll have access to it in time. It could just be a new option in your online banking for example, when the banks roll it out. Thinking of it as a new, better, Interac is probably a good way to think about it. It will have higher limits, and some fraud prevention measures included in it. Also, Interac is a for-profit company.