{"id":74903,"date":"2019-11-06T16:44:00","date_gmt":"2019-11-06T16:44:00","guid":{"rendered":"https:\/\/interac1.wpengine.com\/content\/%content-category%\/animation-how-interac-is-using-its-payment-network-to-help-power-the-future\/"},"modified":"2025-07-23T13:53:58","modified_gmt":"2025-07-23T17:53:58","slug":"animation-how-interac-is-using-its-payment-network-to-help-power-the-future","status":"publish","type":"content","link":"https:\/\/stage.interac.ca\/en\/content\/business\/animation-how-interac-is-using-its-payment-network-to-help-power-the-future\/","title":{"rendered":"How Interac used its payment network to help power the future"},"content":{"rendered":"<p><span data-contrast=\"none\">Interac&nbsp;<\/span><span data-contrast=\"none\">recently&nbsp;<\/span><span data-contrast=\"none\">partnered with\u202f <\/span><span data-contrast=\"none\">Alectra<\/span><span data-contrast=\"none\">\u202fUtilities and IBM&nbsp;<\/span><span data-contrast=\"none\">on a three-month pilot project to<\/span><span data-contrast=\"none\">&nbsp;<\/span><span data-contrast=\"none\">provide utility customers with real-time monetary incentives for making energy efficient choices.&nbsp;<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"none\">This project leveraged the Interac payment network \u2013 used by Canadians and average of 16 million times daily \u2013 and employed blockchain to connect all the project partners securely and efficiently.&nbsp;<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"none\">The end result was a program that allowed customers to quickly and easily earn rewards, helping the utility manage the peaks and valleys of energy demand, and benefitting the environment.&nbsp;<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"none\">This video explains how&nbsp;<\/span><span data-contrast=\"none\">the project<\/span><span data-contrast=\"none\">&nbsp;worked and how its success&nbsp;<\/span><span data-contrast=\"none\">could have huge implications<\/span><span data-contrast=\"none\">&nbsp;<\/span><span data-contrast=\"none\">if<\/span><span data-contrast=\"none\">&nbsp;<\/span><span data-contrast=\"none\">scaled up and introduced across<\/span><span data-contrast=\"none\">&nbsp;different sectors in<\/span><span data-contrast=\"none\">&nbsp;Canada.<\/span><\/p>\n\n\n<iframe width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/eqoDEJ8jVdY?rel=0\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe>\n","protected":false},"excerpt":{"rendered":"<p>Interac&nbsp;recently&nbsp;partnered with\u202f Alectra\u202fUtilities and IBM&nbsp;on a three-month pilot project to&nbsp;provide utility customers with real-time monetary incentives for making energy efficient choices.&nbsp;&nbsp; This project leveraged the Interac payment network \u2013 used by Canadians and average of 16 million times daily \u2013 and employed blockchain to connect all the project partners securely and efficiently.&nbsp;&nbsp; The end result&hellip;<\/p>\n","protected":false},"author":1,"featured_media":74904,"template":"","format":"video","meta":{"_acf_changed":false,"footnotes":""},"content-tags":[272,283],"content-category":[189],"spokespeople":[],"in_the_know_post_format":[175],"class_list":["post-74903","content","type-content","status-publish","format-video","has-post-thumbnail","hentry","content-tags-interac-e-transfer","content-tags-payments","content-category-business","in_the_know_post_format-video"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - 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