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Myth #1
Fraudsters can use a transmitter to steal my financial information from my wallet.
Not true. Interac Flash uses EMV-based secure chip processing, instead of magnetic stripe data processing. This protects Interac Flash against skimming, counterfeiting, and transaction replay types of fraud. The information on an Interac® Debit card cannot be unwrapped or duplicated to produce a counterfeit card or transaction. Basically, the information on your card is useless to a criminal.
Myth #2
I might pay for something by standing too close to a merchant terminal with an Interac Flash-enabled debit card in my wallet.
Not true. To start, your card needs to be less than 4 centimetres away from the terminal and positioned at a particular angle in order to make a purchase.
Myth #3
If my Interac Flash-enabled debit card is lost or stolen, my bank account could be emptied before I even realize it.
Not true. Spending limits require the cardholder to enter their PIN once set limits are reached. Typical limits are $100 for single transactions and $200 cumulative limits. Consumers using Interac Flash are also covered by the Interac Zero Liability Policy*.