Konek
Accept Konek payments with PayFacto
Give Canadian customers a faster, more secure way to pay online. Accept pay-by-bank, debit, and credit card payments through a single checkout powered by PayFacto’s payment infrastructure.
- Powered by Interac
- Bank-grade security
- Made in Canada
- Express checkout
- Card-free option
Trusted by Canada’s banking ecosystem
95%
5
27%
60M
Konek
What is Konek?
Konek™ is Canada’s next-generation online payment method. Powered by Interac and backed by Canada’s leading banks, it gives customers a single checkout experience with the flexibility to pay by debit, credit, or directly from their chequing or savings account at a participating financial institution.
Unlike traditional online checkouts that require customers to manually enter card details, Konek lets shoppers authenticate directly with their trusted financial institution for a faster, simpler, and more secure payment experience.
With PayFacto, merchants can quickly integrate Konek into their online checkout while continuing to accept traditional payment methods through a single payment platform.
How to pay with Konek
Making payments with Konek is simple, fast, and secure.
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Returning customers enjoy a streamlined two-step checkout. They simply select Konek and authenticate with biometrics. No need to re-enter credentials.
Why choose Konek?
Explore benefits for every partner.
Konek delivers a seamless account-based payment experience that creates value across the payment ecosystem. Whether you’re accepting payments, paying online, integrating payment capabilities into your platform, or expanding your payment portfolio, Konek provides a modern, trusted payment experience for everyone.
Benefits for merchants
Give customers more ways to pay while reducing payment costs and improving checkout performance.
✓ Customer reach: Reach customers who prefer to pay directly from their bank account, including Gen Z & Millennials.
✓ Higher conversion: Customers can check out in as little as one click, reducing friction and cart abandonment.
✓ Lower cost of acceptance: Pay-by-bank payments offer a cost-effective alternative to traditional credit card payments.
✓ Fraud protection: Pay-by-bank transactions shift fraud liability to the issuing bank, helping reduce fraud costs and disputes.
✓ Easy integration: Set up quickly with minimal ongoing maintenance through PayFacto’s infrastructure. See integration options below.
Benefits for customers
Enjoy a trusted checkout with more ways to pay.
✓ Flexible payment options: Pay by debit, credit, or directly from your chequing or savings account at a participating financial institution (RBC, TD, Scotiabank, BMO, National Bank).
✓ Faster checkout: Check out in as little as one click when you're registered. Guest checkout is also supported.
✓ Trusted and secure: Konek is backed by Interac and participating financial institutions.
✓ Protected payment information: Sensitive payment information is tokenized and never stored.
✓ More control over spending: Choose account-based payments to help reduce reliance on credit.
Benefits for ISVs & technology partners
Differentiate your platform with embedded pay-by-bank capabilities that deliver more value to merchants.
✓ Competitive advantage: Differentiate your platform and strengthen merchant retention.
✓ Payment choice: Offer pay-by-bank payments alongside traditional card payments.
✓ Merchant success: Help merchants reduce checkout friction, fraud risk, and payment costs.
✓ Easy integration: Set up quickly with minimal ongoing maintenance through PayFacto’s infrastructure. See integration options below.
Benefits for ISO & referral partners
Expand your portfolio with new payment options that help you attract and retain more merchants.
✓ Competitive edge: Differentiate your offering with Canada's newest account-based payment solution.
✓ New conversations: Give your sales team a new reason to engage existing and prospective merchants.
✓ Stronger retention: More embedded products help reduce merchant churn.
✓ Market expansion: Add a high-demand Canadian payment method to your portfolio.
Accept Konek payments with PayFacto
Whether you’re launching a new ecommerce experience or enhancing an existing checkout, PayFacto offers flexible integration options with built-in security for every transaction.
Secure Hosted Checkout (SHC)
A customizable hosted payment form with native Konek support for a tailored payment experience.
Secure Hosted Page (SHP)
A fully hosted, PCI DSS-compliant payment page with native Konek support for fast and secure deployment.
Supported transactions
✓ Pre-authorization
✓ Single capture
✓ Void & refund
Built-in security for every transaction
Tokenization
Sensitive payment information is replaced with secure tokens, reducing exposure of account credentials.
Financial institution-level authentication
Customers authenticate directly with their participating financial institution using trusted security measures and multi-factor authentication where applicable.
Biometric login
Returning users can enjoy a faster checkout experience using biometric authentication on supported devices.
Fraud protection
Pay-by-bank transactions benefit from fraud liability shifting to the issuing financial institution.
Contact Us
Ready to offer Canadian shoppers a faster, simpler way to pay?
Help your customers check out faster while giving them more payment options. Fill out this form to talk to an expert, or contact your PayFacto Account Manager to begin onboarding.