Available only at TD Canada Trust, the new TD debit card provides TD
customers with more control, comfort and convenience
TORONTO, June 26, 2012 /CNW/ - TD Canada Trust today announced the
launch of the first debit card to give cardholders access to their bank
account(s), with the benefits of Visa Debit, Interac® Debit and Interac Flash™, all in one card. This comprehensive debit card makes everyday
purchases easier and more convenient, and allows customers to shop in
store, online, over the phone, by mail and at international merchants,
with funds drawn directly from their bank account.
"For consumers who prefer to pay for purchases with money they already
have, this is a premier debit card," says Raymond Chun, SVP, Everyday
Banking and Payments, TD Canada Trust. "It offers the convenience,
security and ease to shop anywhere and any way, traditionally
associated with a credit card. But it allows them the benefit of a
debit purchase made directly from their bank account."
The enhanced card will allow for online, international, telephone, and
mail order purchases, wherever Visa or Visa Debit is accepted. Point of
sale purchases in Canada will continue to be processed as Interac Debit transactions.
At participating retailers in Canada, customers can also pay for
purchases under $100 with Interac Flash - by simply holding the card against the reader, rather than
having to swipe or insert it and enter a PIN. It offers the same safety
and security of traditional Interac Debit, only faster.
"It can be hard at times to stick to a budget," says Chun. "Whether
you're buying music or movies online, or travelling and purchasing
items from local merchants, this debit card can help you to stay on
track and on top of your finances".
The new debit card has an embedded microchip that stores information in
a secure encrypted format. Transactions processed via Interac Debit and Interac Flash will benefit from the Interac Zero Liability Policy. International, online, telephone and mail order
purchases, processed through the Visa network, are protected by Visa's
security features including Zero Liability, Verified by Visa, address
verification and the three digit code on the signature panel.
Cardholders should protect the confidentiality of their PIN at all
times and notify their financial institution immediately if they
Card manufacturer Giesecke & Devrient (G&D) led the custom development
of the new applications and technology to produce an innovative dual
interface chip on the new card.
About TD Canada Trust
TD Canada Trust offers personal and business banking to more than 11.5
million customers. We provide a wide range of products and services
from chequing and savings accounts, to credit cards, mortgages and
business banking, to credit protection and travel medical insurance, as
well as advice on managing everyday finances. TD Canada Trust makes
banking comfortable with award-winning service and convenience through
24/7 mobile, internet, telephone and ATM banking, as well as in over
1,100 branches, with convenient hours to serve customers better. For
more information, please visit: www.tdcanadatrust.com. TD Canada Trust is the Canadian retail bank of TD Bank Group, the
sixth largest bank in North America.
®, TM: Interac and Interac Flash are trade-marks of Interac Inc. Used under license.
SOURCE TD Canada Trust
For further information:
TD Bank Group