Peoples Payment Solutions, part of Peoples Group — a leading issuer of prepaid payment cards — announced the launch of Interac e-Transfer® Request Money, an API service designed to support the Fintech industry with a solution that moves funds without disclosing bank account details.
Integrating Peoples Payment Solutions’ API allows for its fintech and program manager partners to offer customers a more streamlined way to top up their balances, access funds quickly and easily — for purposes such as loading prepaid cards,
As a leader in the Canadian payments industry, this offering further expands Peoples Payment Solutions’ money management services. Delivered via an API service, Interac e-Transfer Request Money enables a “simple secure movement of funds using an identifier (like an email address or mobile number), without the need to disclose bank account information.”
“This is an exciting step as we continue to focus efforts on enabling the FinTechs and Program Managers that rely on us. It delivers on our promise to facilitate innovation of money movement.” Howard Klein, President of Peoples Payments and Cards, part of Peoples Group, said in a press release.
“Interac e-Transfer Request Money offers greater choice and control in how Canadians move their money,” added Peter Maoloni, VP Product & Platform Development, Interac Corp. “This is yet another example of the flexibility provided by Interac e-Transfer to meet the needs of different financial service providers by reducing friction and streamlining customer experiences.”