Interac announced that its e-Transfer services has gone offline on Friday to deal with technical difficulties.

The technical issue has led to transactional delays, causing several transfers to be suspended, according to the company, Interac Association/Acxsys Corporation.

However, Interac said the system and data remains secure in spite of the technical difficulties.

This means that financial institutions will not be able to process any transactions while the system is offline, nor will consumers be able to send or receive any Interac e-Transfer transactions.

"Our top priority is making the Interac e-Transfer service fully operational as quickly as possible," stated a spokesperson for Interac. "We are working closely with our technology partners and making every effort to bring the platform back up so that we can again begin processing transactions efficiently. Any transfers currently in transit are secure and will be processed when the system is back online."

All other Interac services or products have not been affected, including, Interac Debit, Interac Flash, mobile Interac products, Interac Online, and Interac Cash. These services are operating normally.

Interac is in communication with financial institutions that are affected and will continue to provide updates.