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-- Award-winning E-Retailer Provides Widest Selection of Online Payment Options Available in Canada --
TORONTO, Ontario, September 13, 2011 -- Award-winning eRetailer, Newegg, is giving Canadians more ways to purchase online with the addition of the Interac Online payment option. The addition of Interac Online makes Newegg the category leader for payment options in Canada and gives consumers another great option to pay the way they want and benefit from the superior online shopping experience offered at Newegg.ca.
"Interac Online represents a major advance in online shopping and opens up Newegg to so many more Canadians who are interested in shopping online but choose not to use credit cards," says Guy Cino, Country Manager, Newegg Canada. "The Interac brand is one of the most trusted in Canada and we are pleased to be making this important addition to our online shopping experience and add one more reason to choose Newegg."
Canadians are among the highest users of debit worldwide, and have come to trust Interac payment options and Interac Online in particular because it is secure, easy to use and personal financial information is not shared with the merchant. By offering Interac Online, Newegg.ca is providing a payment option for everyone looking to gain from the tremendous price and selection benefits the company offers online.
"Newegg is a leading online retailer and is clearly setting the standard for giving customers a wide variety of choice as part of building an industry leading presence online," said Caroline Hubberstey, Director Public and Government Affairs, Interac Association/Acxsys Corporation. "Adding Interac Online is a great way for Newegg to further enhance their position and appeal among customers in Canada where Interac is a brand that is trusted, well known and widely used."
The timing of the announcement will give Newegg added appeal to consumers looking to make purchase decisions in the all important Back to School and holiday shopping seasons that are fast approaching. The company is excited about the impact that the new payment options will have with their customers.
"Interac Online is a great benefit for everyone but in particular for students who can make use of the most widely available form of transaction, their bank card and pick up some great deals at Newegg.ca and make their budget go further on the latest consumer electronics, gaming, IT and mobile communications products," said Cino. "We have built a reputation for value and selection among students who are in the know and the addition of Interac Online gives them one more great reason to choose Newegg.ca."
About Newegg Inc.
Newegg Inc. is the second-largest online-only retailer in the United States. It owns and operates Newegg.com (www.newegg.com) which was founded in 2001 and regularly earns industry-leading customer service ratings. The award-winning website has more than 16 million registered users and offers customers a comprehensive selection of the latest consumer electronics products, detailed product descriptions and images, as well as how-to information and customer reviews. Using the site's online tech community, customers have the opportunity to interact with other computer, gaming and consumer electronics enthusiasts. Newegg Inc. is headquartered in City of Industry, California.
About Interac Association
Interac Association is responsible for the development and operations of the Interac network, a national payment network that allows Canadians to access their money through 59,000 Automated Banking Machines and 727,000 point-of-sale terminals across Canada. Interac Association was founded in 1984 and is comprised of a diverse membership that includes banks, trust companies, credit unions, caisses populaires, merchants, and technology and payment related companies.
Other related services offered by Acxsys Corporation, whose shareholders are the architects of the Interac network, include: Interac Online, for secure online payments made directly from a bank account; Interac e-Transfer(TM), for the transfer of money from one person's bank account to another person's bank account(ii); and international services, which provide Canadian cardholders with point-of-sale access at nearly 2 million U.S. retailers, and PULSE, Discover, Diners Club International and UnionPay cardholders access to ABMs in Canada.
®: Interac and the Interac logo are trade-marks of Interac Inc. Used under license.
** The Interac e-Transfer service, for secure person-to-person payments, is currently available to customers of over 40 banks and credit unions including BMO Bank of Montreal, CIBC, President's Choice Financial, RBC Royal Bank, Scotiabank and TD Canada Trust among others. Central 1, through participating credit unions, offers the option of using mobile phone numbers, in addition to email, to notify Interac e-Transfer recipients. Money never travels by email or text message. More information about the Interac e-Transfer service and a complete list of participating banks and credit unions can be found at www.interac.ca.