Interac has launched Konek —a new payment service that gives Canadians more ways to securely pay for things online.

Konek, through partnerships with major Canadian financial institutions, allows online shoppers to pay for items securely with their debit, credit, savings, chequing, or line of credit.

Konek says that purchases made through a customer’s Chequing, savings, or line of credit accounts come through Interac Direct , a new service from Interac, which allows customers to pay directly for goods from participating companies directly from their account with a participating bank (RBC, National Bank of Canada, BMO, Scotiabank, TD).

The company says that Interac Direct also comes with lower merchant fees. The new service also uses tokenization to replace credit card details with random

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