TORONTO, June 25, 2012 /CNW/ - DirectCash, a leading provider of white
label ATMs in Canada, announced today that it has teamed up with Visa
Canada to provide Visa cardholders with greater access to their funds
quickly, conveniently and securely. Starting this year, DirectCash's
7,600 ATMs, located primarily in high-value, high traffic tourist
locations will begin accepting Visa, giving those travelling to Canada
additional acceptance points that they trust.
"Research shows that travellers continue to rely on ATMs to obtain local
currency when they arrive in a foreign country," said Sue Whitney, head
of new products, Visa Canada. "Having DirectCash prominently display
Visa branding on their ATMs, ensures cardholders know that they have
found a safe and convenient location to withdraw funds using their Visa
DirectCash's ATMs with Visa acceptance will offer greater utility and
functionality than regular ATMs currently available in Canada. For
instance, Visa ATMs will accept all types of Visa cards, including
debit, credit and prepaid, with additional transactions and
enhancements to come.
"We're delighted to join forces with Visa to expand the services
provided by our ATMs, reaching new customers and diversifying our
services beyond traditional cash dispensing," said Jeffrey Smith,
President and CEO, Direct Cash Payments Inc. "Visa's commitment to the
ATM channel, the scope of its global network and the strength of its
prepaid clients make Visa a perfect partner for us."
Whitney continued: "ATMs that accept international payment cards are
generally well-located at most airports and major tourist and shopping
areas, letting travellers avoid the risk of carrying large amounts of
cash and easily access their vacation funds when they need it."
There are 1.9 billion Visa cards around the world. Visa is accepted at
tens of millions of merchants and more than 1.8 million ATMs in 200
countries and territories worldwide.
About Direct Cash Payments Inc.
DirectCash is a leading provider of ATMs, debit terminals and prepaid
products in Canada. DirectCash also offers ATM services and prepaid
cards in the United States, ATM services in Mexico, prepaid cards in
Australia, and prepaid cards in the United Kingdom. DirectCash is a
full-service operator and transaction processor in each of these
business units and has been in the ATM business since 1997 and the
debit terminal and prepaid products businesses since 2002.
Based upon information obtained from competitors and information
publicly available regarding the number of ATMs deployed by each
Canadian chartered bank as at October 31, 2011, DirectCash ranks as the
largest branded ATM operator in Canada.
Additional information about DirectCash, including DirectCash's Annual
Information Form and other public filings is available on SEDAR (www.sedar.com) and on the DirectCash's website (www.directcash.net).
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 20,000 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 information, visit www.corporate.visa.com.
SOURCE VISA Canada Corporation
For further information:
Erin Sufrin, Visa Canada
Jeffrey J. Smith
DirectCash Payments Inc.