Interact Flash awareness sheet
Original Publication Date: 2015-Jan-01
Included in the Prior Art Database: 2015-Dec-30
Quick description sheet of EMV enabled interact Flash, a contactless payment system based on the EMV chip
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The fast, secure way to use your own money.
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Interac Flash® awareness sheet
Not all contactless payment technologies are created equally. Interac Flash uses EMV®† secure chip processing to protect consumers against fraudulent activity, including skimming, counterfeiting, transaction replay types of fraud, and tactics such as electronic pick-pocketing.
By accepting Interac Flash, merchants continue to receive the benefits of secure and non-refutable transactions, including no chargebacks associated with PIN-based Interac Debit, while offering their customers a fast and convenient check-out experience.
Interac Flash has all of the security features of Interac Debit, plus additional security features as a contactless payment technology.
• Interac Debit security features:
~ Secure chip and PIN processing.
~ Real-time payment from the cardholder's account.
~ Card must be present at the point-of-sale. The number on
the front of the Interac debit card is just an identifier, not an account number. It cannot be used for online debit transactions.
~ Interac Zero Liability Policy means cardholders are protected and will be reimbursed 100% for all fraudulent transactions.
• Additional security for Interac Flash transactions:
~ There are single transaction and cumulative spend limits in place. No single transaction can exceed $100 and the total of consecutive contactless transactions (cumulative spend), as set by the financial ins...