Version 1 of 2 (2005-09-02 to 2006-04-04) was submitted prior to the Lobbying Act coming into force on July 2, 2008. Due to different information requirements at that time, the registration is presented in the following format.
Organization: |
Interac Association
121 King St. W. Suite 1905, Box 109 Toronto, ON M5H 3T9 Canada |
Telephone number: | 416-869-5070 |
Fax number: | 416-869-5096 |
Responsible officer name and position during the period of this registration: | Judith Wolfson, President & CEO |
Description of the organization's activities: | Interac Association is responsible for the development and operation of a Canada-wide network of two shared electronic financial services - INTERAC Shared Cash Dispensing at Automated Banking Machines (ABMs) and INTERAC Direct Payment at the Point of Sale (POS). Shared Cash Dispensing allows cardholders to make cash withdrawals from ABMs not belonging to their own financial institution and is available at more than 47,000 ABMs across Canada. INTERAC Direct Payment is Canada's national debit service, and is accepted at more than 375,000 merchants from coast to coast. |
Organization's membership or classes of membership: | Interac Association's membership includes Banks, Trust and Loan Companies, Credit Unions and Caisses Populaires, ABM and POS Terminal Deployers, Payment Processors and one Merchant. As of August 19, 2005, there are 94 members. |
Was the organization funded in whole or in part by any domestic or foreign government institution in the last completed financial year? | No |
Federal departments or organizations which have been or will be communicated with during the course of the undertaking: | Citizenship and Immigration Canada, Finance Canada (FIN), Financial Consumer Agency of Canada (FCAC), Industry Canada, Justice Canada (JC), Office of the Superintendent of Financial Institutions, Privy Council Office (PCO) | ||||||
Communication techniques that have been used or are expected to be used in the course of the undertaking:
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Informal communications, Meetings, Telephone calls, Written communications, whether in hard copy or electronic format | ||||||
Subject Matter: Areas of Concern: | Consumer Issues, Financial Institutions, Industry, Justice and Law Enforcement, Taxation and Finance | ||||||
Subject Matter: Retrospective: | We responded to Annex 6 of Budget 2005, a consultation document asking for views on Financial Services Legislation. | ||||||
Subject Matter: Prospective: | Interac Association will be engaging in meetings to introduce our Association and key personnel to Finance Canada, Industry Canada, the Financial Consumer Agency of Canada, Justice Canada. We will also be engaging in meetings to explore ways in which the Federal Government can assist to combat debit card fraud and ID theft through Criminal Code enforcement, Consumer awareness and Education. We will also meet on the same issues with members of Parliament and Senators. | ||||||
Details Regarding the Identified Subject Matter
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