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   CANACHAT      Canadian chat conference      1,128 messages   

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   Message 1,097 of 1,128   
   August Abolins to All   
   konek payment..   
   19 Jan 26 14:28:00   
   
   MSGID: 1:153/757.21@fidonet 28957e4e   
   PID: OpenXP/5.0.64 (Win32)   
   CHRS: ASCII 1   
   TZUTC: -0500   
      
   I just learned about the existence of Konek.   
      
   https://retail-insider.com/retail-insider/2025/11/konek-powered-by-interac-    
   and-leading-canadian-financial-institutions-launches-canadas-homegrown-e-    
   commerce-payment-platform-with-staples-canada-as-first-national-merchant/   
      
   "Interac Corp. (Interac) has introduced KONEK, a new Canadian-made e-commerce     
   payment solution designed to give merchants and consumers greater choice,     
   trust, and control in how they pay online. Backed by Canada's major financial     
   institutions and launching nationally with Staples Canada as the first     
   participating national retailer, KONEK represents a major evolution in the     
   country's digital payment landscape.   
      
   "Simplified Checkout for Consumers   
      
   "For consumers, the KONEK experience is designed to be fast, secure, and   
   intuitive. At checkout, customers simply select the KONEK button, choose   
   their participating financial institution, and authenticate using their   
   online banking credentials. Once enrolled, they can use passkeys login - such   
   as Face ID or Touch ID -for one-click checkouts.   
      
   ""After authentication, customers see their full range of payment options,"   
   Zanuldin said. "That's what makes KONEK special. You can pay directly from   
   your chequing or savings account, credit, debit, or line of credit, depending   
   on merchant acceptance, all within one experience."   
      
   "The system automatically fills in billing and shipping details from the   
   user's banking profile, which can be edited before purchase, helping speed up   
   transactions while maintaining accuracy.   
      
   ""Our vision is simple: pay who you want, how you want, easily," Zanuldin   
   said. "That's what we've built KONEK to do."   
      
   Not sure what the consumer-to-merchant interface would look like.  Sounds     
   like the consumer would need a Konek app and preconfigure the payment     
   choices.. otherwise, the process for selecting "your chequing or savings     
   account, credit, debit, or line of credit, depending on merchant acceptance,     
   all within one experience"  ..could slow things down at the cash register.   
      
   I'm with ChasepaymentTech for my POS terminal. No Konek option there, yet.   
   --    
     ../|ug   
      
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