Beanstream Certifies for INTERAC Online


Beanstream Internet Commerce will become one of the first payment providers in Canada to offer Interac Online services to merchants across Canada. Interac Online allows Canadian consumers to pay for goods and services purchased on the Internet directly from their bank account.

"We are excited to be able to offer this service to merchants. It provides consumers with another option to pay for items, provides merchants with a way to grow their customer base and it provides us another quality service to add to our current offerings," says Chris Koide, COO, Beanstream.

Traditionally, credit cards have been the primary payment option available to Canadians shopping online. Interac Online provides consumers with the flexibility to pay for purchases made over the Internet through a direct debit to their bank account. This payment option gives merchants access to a larger pool of potential customers who either do not possess a credit card or are looking for innovative payment alternatives.

The Interac Online service will be available in January 2007.

About Beanstream Internet Commerce Inc.

Beanstream Internet Commerce Inc. is a leading Canadian electronic payment and authentication solutions provider. Services include merchant account enablement, credit card processing, electronic funds transfer, automated clearinghouse payment processing and credit score and authentication services for both e-commerce and traditional brick and mortar businesses. Beanstream provides a wide selection of products from simple payment gateway services to full end-to-end e-commerce solutions.

Beanstream solutions work with all Canadian and US financial institutions and have been selected by more than 5000 businesses across North America. Beanstream is headquartered in Victoria, British Columbia.

Beanstream Contact:

Chris Koide
Chief Operating Officer
Tel: 250-472-2326