Payments Product intern

Who We Are:

Every transaction matters. Every Canadian matters. At Interac we protect both driving trust security and inclusion so our digital economy thrives.

Founded in 1984 Interac connects Canadians through secure digital payments advanced identity verification and industry-leading fraud protection. Connecting banks businesses and individuals Interac enables millions to send receive and manage money safely and effortlessly every day across both digital and physical environments.

As the backbone of Canadas financial ecosystem Interac facilitates over 20 million transactions daily supported by trusted partnerships with government and financial institutions. Consistently ranked as Canadas most reputable financial technology brand Interac is deeply embedded in the daily lives of Canadians.

Who You Will Work With:

We are looking for a Payments Product Intern to join our team and gain hands-on experience in building and improving products that impact our customers. This internship offers an opportunity to collaborate with cross-functional teams define product strategies and contribute to the product development lifecycle. If youre passionate about technology problem-solving and customer experience this role is for you!

What You Will Do:

• Support Product Managers in delivering payments initiatives (debit digital payments or network-related features)
• Assist in gathering documenting and structuring business requirements from internal and external stakeholders
• Conduct basic analysis of payment transaction data user behaviour and merchant/category trends
• Support product economics / pricing analysis including reviewing cost revenue interchange and unit economics impacts of product or feature decisions
• Prepare materials for stakeholder meetings including presentations briefing notes and status updates
• Support end-to-end product documentation (flows requirements process maps and journeys)
• Track project actions dependencies and timelines across cross-functional teams
• Participate in meetings and capture key decisions actions and follow-ups
  

What You Bring:

• Currently enrolled in an undergraduate University program in the following fields: Business Finance Economics Engineering or related field)

• Strong analytical skills with proficiency in Excel and ability to interpret data

• Strong written communication skills with ability to synthesize complex information clearly and concisely

• High attention to detail and strong organizational skills

• Ability to manage multiple tasks in a fast-paced cross-functional environment

• Strong collaboration and stakeholder engagement skills

• Proficiency in PowerPoint with experience building presentations for executive audiences

• Exposure to payments banking fintech or financial services (coursework co-op or internship experience)

• Basic understanding of payments concepts (e.g. authorization clearing & settlement tokenization interchange)

• Familiarity with SQL or data visualization tools (e.g. Tableau Power BI)

• Interest in product management or financial services as a career path

Although not required you have some familiarity or previous experience with the following:

• Supporting market and competitor research in payments fintech or digital commerce

• Assisting in testing validation or documentation of new features or pilot programs

• Coordinating light cross-functional activities across Product Technology Legal Risk and Operations

What Were Offering:
The hourly pay rate for this position is $25 and the internship term runs from January to April 2027. The exact amount will depend on factors such as skills experience and job-related knowledge. An internship opportunity at Interac also features:

• Flexible hybrid work model with monthly intern socials for better work-life balance
• Convenient downtown Toronto office located minutes away from Union Station
• Interac learning bootcamp designed to help you hit the ground running

Why Join Us

At Interac the impact we make and the people who drive it is profound. When you become part of our team youre joining a purpose-driven organization thats shaping the future of digital finance in Canada. Heres what you can expect:

• Investing in the Future Help us unlock digital prosperity for all Canadians.

• Innovative Thinking Collaborate on products practices and platforms that redefine whats possible.

• Inclusive Culture Be empowered to bring your whole self to work and realize your full potential.

• Inspiring Community Work in an ecosystem where we lift each other up and rise together.

• Intentional Support Enjoy flexible supportive offerings that prioritize your total wellness.

Additional Pre-Employment Requirements:

To ensure the integrity of our organization successful candidates will be required to complete background checks which may include Canadian Criminal Credit Check Canadian ID Cross-Check Public Safety Verification 5-year Employment Verification Education Verification Credit Check and Social Media Check.

Equal Opportunity Employer

Interac is also an equal opportunity employer committed to fostering a diverse and inclusive workplace. We believe that innovation thrives when people from different backgrounds experiences and perspectives come together. Thats why we are committed to providing fair and equitable employment opportunities for all individuals without discrimination based on race color ancestry ethnic origin place of origin citizenship creed sex sexual orientation gender identity or expression age marital or family status disability or any other characteristic protected by applicable law.

If you require accommodation during any stage of the application or recruitment process please contact us at We will work with you to meet your needs.

Please be aware that certain individuals are misusing Interac Corp.s name and logo to promote fictitious employment opportunities. Interac Corp. never requests solicits or accepts any form of payment in exchange for employment. Any such offers are fraudulent and should be disregarded. Interac Corp. assumes no liability for any claims losses damages expenses or inconveniences arising from or related to these fraudulent activities. Such communications do not constitute an offer or representation by Interac Corp. or its subsidiaries and affiliates.