![]() (The latter does have its own online payment service, Interac Online, which co-branded Visa cards are not eligible for.)įor the dual-network cards, in-person transactions within Canada are processed on the Interac network, but international transactions, as well as online and phone orders through Canadian retailers, are processed through the Visa network. Both options ensure customers can perform point-of-sale transactions or ATM withdrawals as usual via Interac, but use the Visa network to process online, phone, and international transactions, none of which are well-supported by Interac. Several Canadian financial institutions that primarily offer credit cards through the Visa network – including CIBC, RBC, Scotiabank, and TD – currently offer Visa Debit, either through a dual-network co-branded card which also works on Interac (CIBC, Scotia and TD), or as a "virtual" card used alongside the customer's existing Interac debit card (RBC). However, Interac's dominance has left little room for alternative debit networks such as Visa or Mastercard to be used for domestic transactions. In Canada, virtually all domestic debit card transactions are processed over the Interac network, though several financial institutions have also permitted PIN-based ATM transactions internationally over the Visa-owned Plus Network. Today it is in wide issuance, and domestically switches over local networks, though for new banks, connection to Visa is permitted. ![]() Bó bank Visa Debit card Australia īendigo Bank issued the first Visa Debit card in 1982, more than two decades before Debit Mastercard, or widespread Visa Debit use in Australia.
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