Accept/Pay Global has unveiled its real-time payments service with Interac, enabling instant transactions for enterprises across Canada. 

The service targets sectors with high transaction volumes, such as lending, earned wage access, and insurance. 

It supports various financial operations including instant loan disbursements, real-time payroll for earned wage access, quick insurance claim payouts, and expedited B2B settlements.  

The offering is now accessible to all Canadian enterprises. 

The platform allows for integration with existing business systems, facilitating audit trails, reporting, and automated reconciliation.  

The service ensures instant payments to any Canadian bank account, API integration for large-scale automated payouts, and round-the-clock availability, highlighted Accept/Pay Global. 

It also offers “real-time visibility” into payment status and built-in compliance and fraud monitoring mechanisms, the firm added.  

Accept/Pay Global COO Gajen Pararajalingam said: “Real-time payments are table stakes for delivering superior customer experiences – whether you’re funding a loan, processing payroll, or settling claims. Our Interac-powered solution allows clients to move funds instantly to any Canadian bank account, securely and at scale. 

“With Accept/Pay Global’s Real-Time Payments with Interac, our clients can give their customers exactly what they expect — instant access to funds. We’re excited to help businesses modernise their payment infrastructure and unlock new competitive advantages.” 

The Interac service is currently operational and available to Accept/Pay Global’s clientele in Canada.  

The solution is offered both as an independent API product and as a component of Accept/Pay Global’s wider EFT and digital payments platform.