Interac has a zero liability policy for cardholders: victims of fraud are reimbursed for unauthorized transactions. There is an extra layer of security with spending limits. No single transaction can exceed $250 and the consecutive contactless transactions cannot exceed $500. Once the $500 limit has been reached, a PINned transaction is required which will reset the limits. More than 10 million debit transactions are processed in Canada every day, and more than four billion take place a year without incident.
Your LibroCard makes paying for everyday purchases quick and convenient and offers special features setting it apart from your average debit card.