Claudiu Farcau
About Claudiu Farcau
Claudiu Farcau is the Director of Business Solutions at Interac Corp., specializing in Payments Modernization, Real Time Payments, and Open Banking. He has extensive experience in software development and systems analysis, having worked for several prominent financial institutions in Canada.
Current Role at Interac
Claudiu Farcau serves as the Director of Business Solutions at Interac Corp., focusing on Payments Modernization, Real Time Payments, and Open Banking. He has held this position since 2015, contributing to the advancement of payment solutions in Canada. His role involves overseeing initiatives that enhance the efficiency and accessibility of payment systems, ensuring they meet the evolving needs of consumers and businesses.
Previous Experience in Financial Services
Prior to his current role, Claudiu Farcau gained extensive experience in the financial services sector. He worked at BMO Financial Group as a Technical Lead in Software Development from 2000 to 2003. He then joined Aon Hewitt as a Senior Technical Analyst from 2003 to 2006. Following this, he spent time at RBC Royal Bank in various roles, including Senior Technical Systems Analyst and Senior Business Systems Analyst, from 2006 to 2014. His diverse roles provided him with a solid foundation in software development and systems analysis.
Expertise in Payment Standards
Claudiu Farcau possesses expertise in implementing SWIFT ISO 20022 standards, which are crucial for modern financial messaging and payment processing. This knowledge supports his work in developing and enhancing payment solutions that comply with international standards, facilitating smoother transactions across different platforms.
Integration of Mobile Payment Platforms
In his current position at Interac, Claudiu Farcau has been involved in the integration of Interac Debit with major mobile payment platforms, including Apple Pay, Samsung Pay, and Google Pay. This integration enhances the usability of Interac services, allowing consumers to make payments seamlessly through their mobile devices.
Educational Background
Claudiu Farcau holds a Bachelor of Engineering (B.Eng.) degree in Computer Science and Automation. This educational background has equipped him with the technical knowledge and skills necessary for his roles in software development and systems analysis within the financial services industry.