The year was 1984, our friends over at RBC, CIBC, TD, Scotiabank and Desjardins decided that we needed to be able to pay with more convenience. And for years we have, Interac has changed our lives. I would say for the better. Think of things like using an ATM at 2am, or the ease of payment with your card at 2pm. Its fast, efficient, and rather secure. This was until the advent of the “chip”. Suddenly our fast payments became slow, and sluggish. It is not often that technology takes a step backwards. So hopefully Interac 3.0 figures out a truly fast and secure way to move monies from here to there.