Corporate merchant payment facilitation and settlement support in Canada.
PayCan is the public brand for IFC Payfin Payments Corporation, a British Columbia, Canada corporation (BC1393799), incorporated on December 29, 2022. Availability is subject to KYB, risk assessment, rail availability, and contractual approval.
- Documented controls KYB/KYC, AML/ATF checks and review workflows
- Supported rails Interac e-Transfer inbound/outbound, EFT outbound
- Operational clarity Settlement support for eligible merchant flows
Supported and documented rails
Wire exceptions are outbound only
What we do
Corporate merchant settlement support for eligible Canadian business flows
Supported rails are Interac e-Transfer inbound/outbound and EFT outbound; Wire Transfer is available outbound for exceptions only.
Explore solutions-
Corporate merchant onboarding
Structured KYB/KYC intake and review workflows for eligible business relationships.
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Settlement support
Documented settlement flows for supported rails under compliance and contractual controls.
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Reconciliation support
Operational reporting and reconciliation support for documented merchant settlement activity.
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AML/ATF controls
Risk assessment, monitoring, sanctions/PEP screening, recordkeeping, and governance checks.
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- KYB/KYC onboarding
- Interac e-Transfer
- Wire exception-only
- EFT outbound
- Contractual approval
Compliance by design
Governance, security and compliance you can rely on
PayCan is built to meet high standards of security, privacy and regulatory compliance.
IFC Payfin Payments Corporation is listed in FINTRAC's Money Services Business Registry under M23223732 (status Registered; initial registration date 2023-03-15). FINTRAC registration does not indicate endorsement or licensing by FINTRAC.
Interac e-Transfer inbound/outbound and EFT outbound are documented as active rails; Wire Transfer is available outbound for exceptions only. BillPay is not presented as an active public rail.
- Regulatory aligned Designed to support Canadian regulatory requirements and industry best practices.
- Data protection Strong encryption, data minimization and privacy by design.
- Access & controls Role-based access, least privilege and comprehensive audit logs.
- Audit readiness Built-in reporting, evidence collection and immutable records.
- Monitoring & alerts Real-time monitoring, anomaly detection and configurable alerts.
- Business continuity Resilient infrastructure with tested backup and recovery.
Security is at the core of everything we build.