Interac takes e-Transfer service off-line temporarily to address technical issue

Interac says it has temporarily taken its e-Transfer service off-line to address an "internal technical issue" that has caused service disruptions for a number of customers trying to transfer money online.

"Financial institutions will not be able to process any transactions while we have the system off-line, nor will consumers be able to send or receive any Interac e-Transfer transactions," Interac spokespersonColleen Harasymchuk said.

"The system and data remains secure," she added.

Theemailmoney transfer service ferriesfundsbetween personal and business accounts at participatingbanks as well as otherfinancial institutions.

The company first announced the problem Thursday evening via Twitter, saying the service was unavailable and that teams were working to resolve the issue.

Interac announced about an hour later that the service had been restored, but then followed up with another tweet several hours after that saying that it was continuing to experience a problem.

By Friday morning, many people were reporting they weren'table to use the service through several Canadianbanks, includingScotiabank, BMO,CIBC, TD Bank and RBC.

Several customers took to Twitter in search of answers, with some saying they were unable to pay their rent for the next month.

In April, Interac said that Canadians made more than 158 million e-Transferslast year up more than 50 per cent from 2015 with a total value of more than $63 billion.

Interacsaid thatusually65 per cent of transfer notifications are received "instantly."Almost 70 per centare received on a mobile device.

On Friday, Interacsaid its other products and services were unaffected by the technical issues.