Chase Paymentech Provides Tim Hortons Enhanced Speed and Convenience with Point of Sale Payment Acceptance

    Chase Paymentech Will Enable More Than 2,000 Tim Hortons Stores in Canada
    to Accept MasterCard PayPass(R) and Support Quick Payment Service

    TORONTO, July 17 /CNW/ - When customers step up to the front counter or
pull up to the 24-hour drive-thru window at their local Tim Hortons, they will
enjoy the convenience of paying with their MasterCard(R) card through the
introduction of Chase Paymentech-powered services to be rolled out at more
than 2,200 Canadian locations by September 2007.
    Tim Hortons is introducing the latest payment solutions from Chase
Paymentech as a means to provide payment convenience to consumers. Research
indicates that nearly half of adult consumers carry $20 or less in their
wallet and that 86 percent want to make cashless transactions more frequently.
    Tim Hortons will also feature Chase Paymentech's payment solutions
equipped with MasterCard PayPass card readers at the drive-thru and inside the
store. These point-of-sale terminals will accept the newest contactless
payment cards, along with conventional swipe cards from MasterCard.
Contactless credit cards contain radio frequency technology to transmit
payment details to the merchant's terminal, replacing the magnetic stripe and
the need for consumers to swipe the card. Merchants accepting contactless
technology are able to accept and process payments quicker, making contactless
ideal for the quick service restaurant industry.
    "Our customers expect fast, convenient service," said Paul House,
president and chief executive officer, Tim Hortons. "Providing them with the
ability to just 'tap-n-go' when buying their coffee and food delivers on our
commitment to provide customers with the best quality and convenience in the
market."
    "Chase Paymentech's complete and flexible payment processing solutions,
including contactless readers, offer merchants like Tim Hortons significant
opportunities to improve cash management and satisfy customers," said Sam
Jawad, president, Chase Paymentech Solutions, Canada. "Today's consumer
expects to be able to pay the way they want - and assumes that today's point
of sale experience will be fast, reliable and secure. Contactless payments
take this expectation to the next level. Chase Paymentech's proprietary
platform for Tim Hortons makes use of the latest technology in the industry to
meet these expectations today and deliver scalability for future growth."

    About Tim Hortons

    Tim Hortons is Canada's largest quick service restaurant chain. Founded
in 1964 as a coffee and donut shop, Tim Hortons has evolved to meet consumer
tastes, with a menu that now includes premium coffee, flavored cappuccinos,
specialty teas, home-style soups, fresh sandwiches and fresh baked goods. As
of April 1, 2007, Tim Hortons system-wide restaurants numbered 2,724 in Canada
and 340 in the United States. More information about the Company is available
at www.timhortons.com.

    Tim Hortons Safe Harbor Statement

    Certain information in this news release, particularly information
regarding future economic performance and finances, and plans, expectations
and objectives of management, is forward-looking. Factors set forth in the
Company's Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995, including by reference the "risk factors" outlined in the
Company's most recent Form 10-K filed March 9, 2007, in addition to other
possible factors not listed or described in the Safe Harbor Statement, could
affect the Company's actual results and cause such results to differ
materially from those expressed in forward-looking statements. As such,
readers are cautioned not to place undue reliance on forward-looking
statements contained in this news release, which speak only as of the date
hereof. Except as required by federal or provincial securities laws, the
Company undertakes no obligation to publicly release any revisions to the
forward-looking statements contained in this release, or to update them to
reflect events or circumstances occurring after the date of this release, or
to reflect the occurrence of unanticipated events, even if new information,
future events or other circumstances have made the forward-looking statements
incorrect or misleading. Please review the Company's Safe Harbor Statement at
http://www.timhortons.com/safeharbor.html.

    About Chase Paymentech Solutions

    In Canada, Chase Paymentech Solutions is headquartered in Toronto,
Ontario and is an affiliate of Chase Paymentech Solutions, LLC. As a leading
payment processor and a single source for debit and all major credit cards,
the company offers a full suite of advanced payment solutions, including
point-of-sale and wireless terminals, electronic gift card programs and secure
e-commerce capabilities. Learn more at www.chasepaymentech.ca.

    Chase Paymentech Solutions, LLC, headquartered in Dallas, Texas, is the
world's largest merchant acquirer for businesses accepting payments via
point-of-sale, hospitality, Internet, catalogue and recurring billing. The
privately-held company is an end-to-end processor for merchants of all sizes
and industries. The company processed approximately 18.2 billion transactions
in 2006, with more than $660.6 billion in annual bankcard and debit volume.
Chase Paymentech's customer base includes more than 600,000 merchants, with
nearly 1 million locations across Canada, the United States and around the
world.

For further information: Sam Jawad, President, Chase Paymentech
Solutions, Canada, (416) 940-6250, www.chasepaymentech.ca; Sarah Habib, MS&L,
(416) 847-1318, sarah.habib@mslpr.ca