I'm very comfortable. Interac purchased and enhanced the SecureKey Verify.Me service and rebranded it as Interac Identity. It's a reliable way of determining identity and eliminating fraud (I helped integrate it into a company's customer sale process which was rife with fraud). This page on the Real-Time Rail shows that it's definitely using Interac e-Transfer https://www.payments.ca/systems-services/payment-systems/rea...

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stackghost 2 hours ago | parent [-]

Whoosh?

"To rail someone" means to have vigorous sex with someone. I believe the poster to whom you replied was making a joke about the name being unfortunate.

Naming is hugely important. I'm always catching downvotes on here for complaining about otherwise-decent open source projects that will never gain traction because they have moronic names like Xonaly or whatever. But I suspect "hey can you rail me 20 bucks" won't be how it gets referred to, and "I don't have cash, does e-transfer work?" will continue to be how it's referred to.

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mikepurvis 2 hours ago | parent [-]

As a historical note, "e-transfer" is actually the third major branding of the service.

Acxsys [1] was launched by the Canadian banks in 1996 as a for-profit startup meant to develop online payment solutions, and they original launched the service as "certapay".

Acxsys was folded into Interac in 2018, but I think it was somewhat prior to that the certapay name was discontinued in favour of "email money transfer". Everyone called them e-transfers though, and so eventually Interac gave up on EMT and just went with that name, which is what it is now: https://www.interac.ca/en/resources/personal-resources/perso...

[1]: https://en.wikipedia.org/wiki/Interac#History

	▲	xattt an hour ago \| parent [-]
		E-transfers sucked for the first decade because there was a several dollar fee associated with them, making them impractical for small amounts. I’m miserly so I low-key dreaded ordering takeout with other staff on night shifts, and having to pay the fee to square up with the person who ordered. As an aside, there was an e-purse pilot sometime between 1996-1998 in Southern Ontario. It may have been Visa or MC driven rather than Interact/Acxsys. I remember seeing a booth at the Canadian National Exhibition in 1996 where they demoed a smart card that could be used for web transactions (!) using a floppy drive adaptor (!!). 1990s fintech was wild.