Interac Enhances E-Commerce Landscape in Partnership with Canadian Financial Entities
TORONTO, Nov. 4, 2025 /CNW/ – Interac Corp. (Interac) has unveiled that Staples Canada is the inaugural national merchant to adopt its innovative Canadian e-commerce payment solution, KONEK.
This platform empowers consumers to select payment options from their respective financial institution accounts during online transactions, thus enhancing choice, convenience, and control over their payments.
It is launched in collaboration with several prominent Canadian financial institutions, including BMO, National Bank of Canada, Royal Bank of Canada, Scotiabank, and TD Canada Trust.KONEK (CNW Group/Interac Corp.)
Commencing today*, patrons of staples.ca can access a broader spectrum of payment options at checkout. This includes the utilization of chequing and savings accounts, credit and debit cards, or lines of credit through participating financial institutions.
Direct transactions from chequing, savings, or line of credit accounts are facilitated by Interac Direct®, a newly minted digital payments solution characterized by a cost-effective acceptance model, exclusively available on KONEK.
“KONEK provides Canadian consumers with a secure, domestically-developed alternative to global e-commerce payment solutions,” remarked Kris Zanuldin, Head of KONEK at Interac.
“We take pride in offering shoppers enhanced payment choices directly from their trusted financial institutions. Partnering with Staples Canada to launch this initiative marks a significant milestone, and we eagerly anticipate expanding accessibility in the near future.”
The KONEK platform equips Staples Canada to furnish a seamless and secure checkout experience on staples.ca. This integration is poised to mitigate friction, reduce fraud, and lower cart abandonment rates, thereby bolstering Staples Canada’s position as a leader in contemporary digital commerce.
“Our unwavering objective is to simplify the shopping experience for Canadians on staples.ca, with a seamless checkout process being integral to this vision,” stated Dan Farmer, Chief Digital Officer at Staples Canada.
“This collaboration with KONEK actualizes that commitment, providing our clientele with a secure, convenient, and distinctly Canadian payment solution. We are delighted to be the first national retailer to present this innovative option to Canadians.”
The introduction of KONEK at Staples Canada is facilitated by Moneris Solutions Corporation (‘Moneris’), the pioneering commerce solutions provider in Canada, to enable KONEK, ensuring secure and frictionless transactions for both merchants and consumers.
“As a front-runner in Canadian commerce, Moneris is honored to be the first entity to bring KONEK to market, equipping businesses with a transformative method of accepting digital payments,” commented Mia Huntington, Chief Sales and Marketing Officer at Moneris.
“Our role in facilitating seamless and secure transactions for partners like Staples Canada highlights our dedication to delivering innovative and adaptable payment solutions that businesses require to flourish within the rapidly evolving Canadian commercial landscape.”
For further insights into KONEK and its influence on the future of Canadian digital commerce, please visit KONEK.ca.
About Interac Corp.
Interac is committed to empowering Canadians to engage in digital transactions confidently through its payment and value exchange services. At the heart of its mission lies security, ensuring the protection of users during transactions.
With a vast network encompassing nearly 300 financial institutions, Canadians opt for Interac products over 20 million times daily on average, solidifying its position as one of Canada’s most trusted financial brands.
About KONEK
KONEK emerges as a new avenue for online payments, delivering a Canadian e-commerce solution for shoppers. Developed by Interac Corp., in conjunction with leading Canadian financial institutions, KONEK enables payment directly from chequing, savings, debit, credit, or line of credit accounts at participating entities.
This digital payment solution, supported by Interac Direct, affords customers enhanced choice, convenience, and control in their purchasing endeavors.
About Interac Direct
Interac Direct facilitates online shopping at participating merchants through card-free transactions from your chequing, savings, or line of credit accounts, empowering users with diverse payment options.
About Staples Canada
Staples Canada positions itself as The Working and Learning Company, dedicated to supporting parents, educators, businesses, and entrepreneurs in achieving their goals daily.
Through a combination of curated products, knowledgeable in-store staff, and seamless services, Staples Canada operates 298 stores nationwide, alongside a robust online presence at staples.ca.
About Moneris
As a vanguard in Canadian commerce, Moneris processes a substantial fraction of national transactions, offering innovative solutions across various sectors.
From mobile to online and in-store commerce, Moneris is committed to transforming the business growth landscape through data-driven insights and robust support.
Source link: Finance.yahoo.com.
