TORONTO, May 19 /CNW/ - The Overwaitea Food Group (OFG) today announced
an agreement with MasterCard to roll out MasterCard's PayPass™ contactless payment technology at all OFG grocery stores, including
Save-On-Foods, PriceSmart Foods, Overwaitea Foods, Cooper's Foods and
"We've been innovating and providing exceptional customer service for
nearly a century," says OFG spokesperson Julie Dickson Olmstead.
"MasterCard PayPass is a great example of an innovation that adds value by saving customers
Customers can simply tap their PayPass-enabled MasterCard credit card or device (such as a mobile phone
enhanced with a PayPass payment tag) on a specially equipped payment terminal at check-out and
the transaction is confirmed within seconds.
Customers who use a PayPass-enabled MasterCard credit card or device enjoy the same protections
from fraud as they would with conventional MasterCard payments. PayPass is supported by robust, multi-level security protections including the
encryption of PayPass radio frequency transaction transmissions and the multiple security
protections of the MasterCard payment system.
"With more than 21 million PayPass-enabled MasterCard cards and close to 17,000 PayPass-accepting merchant locations in Canada, more and more consumers and
merchants alike are seeing an increase in speed and convenience at
check-out," said David E. Orzel, Head of Market Development, MasterCard
Canada. "This agreement with OFG marks a fantastic partnership
opportunity for both parties."
About MasterCard PayPass
MasterCard PayPass is ideal for traditional cash-heavy environments where speed is
essential, and has led the way in bringing contactless technology to
consumer categories such as quick-serve restaurants, grocery stores,
drug stores, gas stations, vending machines, convenience stores, sports
arenas, movie theatres, transit systems, taxis, parking garages and
more. There are more than 21 million MasterCard PayPass cards and devices in use at more than 17,000 merchant locations in
Canada, including Tim Hortons, Second Cup, Petro-Canada, McDonald's,
Chapters Indigo, Save-On-Foods, PriceSmart Foods, and Overwaitea Foods.
For more information about MasterCard PayPass and a full list of participating merchants, visit www.mastercard.ca.
® MasterCard PayPass is a registered trademark of MasterCard Worldwide.
About the Overwaitea Food Group
OFG is proudly Western Canadian and has been in operation for nearly a
century. With its first store originally located in New Westminster,
BC, the company was named "the Over-weight Tea store" by customers who
appreciated getting 2 extra ounces of tea every time they bought a
pound - a tradition of adding value that continues today. With the
support of nearly 14,000 team members, OFG operates more than 120
stores throughout British Columbia and Alberta under the Save-On-Foods,
PriceSmart Foods, Overwaitea Foods, Cooper's Foods, Urban Fare and
Bulkley Valley Wholesale banners.
About MasterCard Worldwide
As a leading global payments company, MasterCard Worldwide prides itself
on being at the heart of commerce, helping to make life easier and more
efficient for everyone, everywhere. MasterCard serves as a franchisor,
processor and advisor to the payments industry, and makes commerce
happen by providing a critical economic link among financial
institutions, governments, businesses, merchants, and cardholders
worldwide. In 2010, $2.7 trillion in gross dollar volume was generated
on its products by consumers around the world. Powered by the
MasterCard Worldwide Network - the fastest payment processing network
in the world - MasterCard processes over 23 billion transactions each
year and has the capacity to handle 160 million transactions per hour,
with an average network response time of 130 milliseconds and with
99.99 percent reliability. MasterCard advances global commerce through
its family of brands, including MasterCard®, Maestro®, and Cirrus®; its
suite of core products such as credit, debit, and prepaid; and its
innovative platforms and functionalities, such as MasterCard PayPass™
and MasterCard inControl®. MasterCard serves consumers, governments,
and businesses in more than 210 countries and territories. For more
information, please visit us at www.mastercard.com. Follow us on Twitter: @mastercardnews.
SOURCE MasterCard Canada
For further information:
For more information, please contact:
Environics Communications on behalf of MasterCard Canada
416-969-2718 / email@example.com
Julie Dickson Olmstead
The Overwaitea Food Group
604-888-2079, extension 2200 / firstname.lastname@example.org