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In one of the most innovative developments of its day, several Canadian banks joined forces some 30 years ago to create the single shared Interac network. Reaching across the country, the Interac network overhauled the payment system and gave consumers instant access to their cash from thousands of ABMs. From this starting point grew Interac Debit and Interac e-Transfer, forever changing the way Canadians handled their day-to-day transactions. Very recently, Interac has reorganized its corporate structure in a

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Opinion

Digital ID system will allow Canadians to reap the full benefits of the economy of the future

By Kirkland Morris      

'Governments at all levels could benefit greatly from strengthening and simplifying processes related to issuing passports, driver’s licences, health cards, social insurance cards, licenses and permits, and the like.'

'Work is underway to bring a new digital identity model forward for Canadians. With the movement toward digitization of commerce in all forms, this has the potential to be as much of a game-changer as the creation of the Interac network itself in 1984,' writes Interac vice-president Kirkland Morris. Volker Agueras Gäng/Wikimedia Commons
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