PayFacto API - V2.0 - Digital Wallets : Interac Konek™ - Online Checkout
PayFacto API - V2.0 - Digital Wallets : Interac Konek™ - Online Checkout
In Browser
Interac Konek is a pay-by-bank payment method: the customer authenticates the payment directly through their own online banking portal instead of entering card details. Konek is Interac Corp.'s consumer wallet — see konek.ca for the shopper-facing site.
What Is Konek
Konek lets a customer pay directly from their bank account. Instead of typing a card number, expiry, and CVV, the customer is taken to their own bank's online banking portal, logs in, and authorizes the payment there. PayFacto then returns the confirmed result to the merchant.
Konek is a payment method, offered alongside card payments — not a separate product a merchant integrates on its own. It is available through PayFacto API - v2.0 - Secure Hosted Checkout Solution.
How It Differs From a Card Payment
Authenticated by the customer's own bank
The customer logs into their own online banking to approve the payment, rather than entering card credentials on the merchant's checkout.
No card details involved
There's no card number, expiry, or CVV in the transaction — the payment moves from the customer's bank account directly.
Same confirmation
The merchant receives a confirmed result the same way as any other transaction. Konek appears as one of the payment choices presented to the customer at checkout, alongside cards.
Who Runs Konek
Konek is Interac Corp.'s own digital wallet, built with the backing of several of Canada's major banks. It lets a shopper pay from a linked chequing or savings account, or from an eligible credit or debit card, all from the same wallet.
Backed by major Canadian banks
BMO, National Bank, RBC, Scotiabank, and TD all participate, alongside Interac as the payment network.
Reusable across participating merchants
A shopper sets up their Konek profile once, then it's available at any merchant offering Konek — availability of a given payment method can still vary by merchant.
What the CUSTOMER Experiences
InBrowser Checkout — Screenshots
How Customer Data Is Handled
The merchant never sees the shopper's account or card numbers — Konek tokenizes that information, so only what's needed to complete the sale is shared. With the shopper's consent, Interac passes along the name, phone number, and shipping address needed to fulfill the order.
Related Resources
Official Interac Konek site (consumer-facing, sign-up, FAQs, participating banks and merchants): https://konek.ca/en/