Interac
Payments Product intern
Salary
Job description
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 Canada’s financial ecosystem, Interac facilitates over 20 million transactions daily, supported by trusted partnerships with government and financial institutions. Consistently ranked as Canada’s 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 you're passionate about technology, problem-solving, and customer experience, this role is for you!
What You Will Do:
Support the Product team in day-to-day activities with stakeholder groups (squads, sales, engineering, marketing, and partners) to address product-related issues and concerns
Support Product Managers in delivering payments initiatives (debit, digital payments, or network-related features)
Provide general support to the product roadmap, defining requirements, conducting product research, and assisting in squads to deliver corporate objectives
Assist with general product programs and initiatives, including participation in squad activities (sprints), documenting requirements, and contributing to the product roadmap
Conduct market research and analyze user feedback to identify opportunities for product improvements.
Collaborate with engineering, design, and marketing teams to support product launches
Participate in user testing, gather insights, and make recommendations for UX/UI improvements
Research, analyze, and maintain information systems in support of the product roadmap using tools like Jira, Figma, and other product tools
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
Track project actions, dependencies, and timelines across cross-functional teams
Participate in meetings and capture key decisions, actions, and follow-ups
Support end-to-end product documentation (flows, requirements, process maps, and journeys)
Support market and competitor research in payments, fintech, or digital commerce
Assist in testing, validation, or documentation of new features or pilot programs
Coordinate light cross-functional activities across Product, Technology, Legal, Risk, and Operations
What You Bring:
Currently enrolled in a Bachelor’s (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
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)
Experience building presentations in PowerPoint for executive audiences
Familiarity with SQL or data visualization tools (e.g., Tableau, Power BI)
Interest in product management or financial services as a career path
What We’re Offering:
The hourly pay range for this position is $23 to $25, and the internship term runs from September to December 2026. 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, you’re joining a purpose-driven organization that’s shaping the future of digital finance in Canada. Here’s 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 what’s 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. That’s 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 humanresources@interac.ca. 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.
