About Shop Small Biz
Are you committed to buying locally? So are we, and you’ve come to exactly the right place.
Initiated as a partnership between Interac and CFIB, Shop Small Biz aims to empower small business owners and educate consumers about the important role that small businesses play in our lives. We want all Canadians to spread the word about the importance of shopping small. Shop Small Biz is a centralized information hub about small- and medium-sized enterprises on one platform which maps them for easier searching – while also sharing attractive discounts.
We want to remind consumers of the crucial role SMEs play in our lives, helping them realize that buying from small local businesses is their best bet!
The Canadian Federation of Independent Business (CFIB) is the country’s largest association of small- and medium-sized enterprises (SMEs)! With a united front of more than 109,000 members, we are able to achieve legislative changes that accelerate the growth of SMEs and simplify their daily operations.
CFIB has been lobbying on behalf of small business owners for more than 45 years, providing them with business support/advice that contributes to their prosperity.
About Interac Association
Canadians choose the security and convenience of the Interac® brand around 16 million times every day, to pay and exchange money. At Interac Association, our goal has always been – and remains – to provide merchants with a low-cost, secure payment acceptance option and consumers with a convenient, secure and easy way to pay. Today, the Interac network is Canada’s only domestically run, coast-to-coast debit system, handling approximately 54 per cent of all card payment transactions in Canada at point-of-sale.
While we recognize that payment acceptance is just one of the costs of running a business, we know that it is a line item that is increasingly less predictable and more costly, and a true pain point for many merchants. That’s why we strive to be the low cost provider and trusted partner for merchants in Canada. Interac Debit is low-cost, has no chargebacks and offers peace of mind of real-time, secure payments.
Together, Interac Association and Acxsys Corporation operate an economical, world-class debit system with broad-based acceptance, 24/7 reliability, security and efficiency. Interac products and services securely connect people to their money at the ABM through Interac Cash, at merchants across Canada and the US through Interac Debit, and online through web-based services: Interac Online for online purchases, Interac e-Transfer® for person-to-person payments, and Interac e-Transfer bulk disbursement for commercial payments. In addition, Interac Flash®, the secure contactless enhancement of Interac Debit, is in widespread use at retailers across Canada and provides the service for mobile NFC proximity payments. The organization is also a leader in the prevention and detection of fraud.