Visa's contactless technology now available at participating Tim Hortons
TORONTO, Nov. 19, 2012 /CNW/ - Visa Canada and Tim Hortons invite cardholders
to 'wave and go' when making purchases using Visa payWave, now available for
use at participating Tim Hortons restaurants across the country. Tim Hortons
guests can now pay faster for their coffee and Timbits using Visa's
contactless technology, bringing cardholders another level of convenience and
providing built-in security.
With Visa payWave, cardholders no longer need to look for change, key in a PIN
or sign receipts for their food or beverage purchases at Tim Hortons. Visa
payWave cardholders can simply wave their card in front of a merchant terminal
that displays the universal contactless symbol and they are on their way.
"Tim Hortons is excited to bring Visa payWave to our guests, who will no doubt
appreciate the ability to make purchases quickly and securely through
contactless payments in our restaurants," said David Clanachan, Chief
Operating Officer, Tim Hortons. "We are committed to providing our guests with
a wide variety of menu options and with the addition of Visa payWave, we can
provide convenience too."
"Visa payWave makes the checkout experience quicker and easier, while paving
the way for upcoming innovations like mobile payments," said Sue Whitney, Head
of New Products, Visa Canada. "We are proud to be partnering with Tim Hortons
to bring the convenience and security of Visa payWave to their iconic
restaurants, ultimately helping to enhance the customer experience."
This rollout marks the second announcement for Tim Hortons and Visa Canada.
Earlier this year, Tim Hortons and Visa Canada teamed up to allow customers to
use Visa cards at more than 3,000 Tim Hortons locations Canada-wide, providing
consumers with greater choice, speed and security. To celebrate this
milestone, Visa Canada launched a promotion which gave Canadians the chance to
win a dream cottage getaway for an entire season. The contest winner was
Travis Craddock from Alberta, who won this once-in-a-lifetime summer cottage
getaway experience simply by using his Visa card to pay at Tim Hortons.
Visa payWave technology
Visa payWave card-based and mobile-based transactions employ EMV chip
technology, which uses advanced cryptographic security to generate a code that
changes for every contactless transaction, helping prevent counterfeit fraud
from stolen account data. When a customer uses a Visa payWave terminal, the
card or mobile device and the terminal exchange security information and the
transaction is completed, all in less than one-third of a second. The
cardholder does not need to insert or swipe a card or let it out of their
possession, keeping the transaction quick and secure.
Visa employs a layered approach to its fraud prevention efforts, including
Zero Liability, which protects card holders against fraud if a stolen Visa
card is used to purchase goods in person, online, by mail or by phone. For
more information about Visa's Zero Liability Policy, visit www.visa.ca.
Visa is a global payments technology company that connects consumers,
businesses, financial institutions and governments in more than 200 countries
and territories to fast, secure and reliable digital currency. Underpinning
digital currency is one of the world's most advanced processing
networks—VisaNet—that is capable of handling more than 24,000 transaction
messages a second, with fraud protection for consumers and guaranteed payment
for merchants. Visa is not a bank and does not issue cards, extend credit or
set rates and fees for consumers. Visa's innovations, however, enable its
financial institution customers to offer consumers more choices: pay now with
debit, ahead of time with prepaid or later with credit products. For more
About Tim Hortons
Tim Hortonsis one of the largest publicly-traded restaurant chains inNorth
Americabased on market capitalization, and the largest inCanada. Operating
in the quick service segment of the restaurant industry,Tim Hortonsappeals
to a broad range of consumer tastes, with a menu that includes premium coffee,
espresso-based hot and cold specialty drinks including lattes, cappuccinos and
espresso shots, specialty teas, fruit smoothies, home-style soups, fresh
sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including
our trademark donuts. As ofSeptember 30(th), 2012,Tim Hortonshad 4,138
system wide restaurants, including 3,365 in Canada, 755 inthe United
Statesand 18 in the Gulf Cooperation Council. More information about the
Company is available atwww.timhortons.com
Carla Hindman, Visa Canada, 416-860-8869,email@example.com
Alexandra Cygal, Tim Hortons, 905-339-5960,firstname.lastname@example.org
SOURCE: VISA Canada Corporation
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-0- Nov/19/2012 11:00 GMT
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