Interac Flash contactless debit technology to be accepted at participating
TORONTO, Aug. 15, 2012 /CNW/ - Interac Association announced today that
McDonald's Canada has committed to accept Interac Flash, enabling customers to make a contactless debit transaction when
purchasing their favourite menu items at participating McDonald's
restaurants nationwide. Interac Flash, which is an enhancement of Interac® Debit, is Canada's first contactless debit technology.
"We are thrilled that McDonald's, an iconic brand and one of the world's
leading foodservice retailers, understands the value of Interac Flash," said Mark O'Connell, President and CEO, Interac Association and
Acxsys Corporation. "This payment technology allows McDonald's
customers in Canada the opportunity to make faster and more convenient
debit transactions, which is of tremendous importance for a quick
service restaurant like McDonald's."
"We're delighted to be able to offer our customers the speed,
convenience and security of Interac Flash," said Jacques Mignault, Chief Operating Officer, McDonald's
Restaurants of Canada Limited. "Part of our commitment to providing an
enjoyable restaurant experience is ease and speed of service when
ordering menu items, either at the front counter or at the drive-thru. Interac Flash helps us fulfill that commitment."
This announcement coincides with the completion of a successful Interac Flash pilot at five McDonald's restaurants in Toronto. Full deployment
at point-of-sale within restaurants and at drive-thrus at more than
1,400 locations from coast-to-coast will be completed by March 2013.
The deployment will be managed by Moneris Solutions, one of Canada's
largest payment card processors.
"Moneris helps merchants, large and small, enable high-value innovative
payment solutions," said Jim Baumgartner, President and CEO, Moneris
Solutions. "We are thrilled to facilitate the McDonald's Interac Flash rollout with the same convenience, speed and efficiency that it
delivers to their customers."
About Interac Flash
Interac Flash gives cardholders the choice to pay for smaller value items using
debit faster than ever before by simply holding their card at a
contactless point-of-sale reader that supports Interac Flash.
Interac Flash uses chip security and the existing chip debit infrastructure,
which protects it from fraud tactics such as copying and "electronic
pick-pocketing". It offers strong consumer protections and unique
security features, including the fact that the card never leaves the
user's hand. Leveraging the trusted Interac brand, cardholders are also protected from unauthorized transactions
under the Interac Zero Liability Policy* and merchants continue to receive the benefits
of secure and non-refutable transactions associated with PIN-based Interac Debit.
Visit www.interacflash.ca for more information about Interac Flash.
About Interac Association
A recognized world leader in debit card services, Interac Association is
responsible for the development and operations of the Interac network, a national payment network that allows Canadians to access
their money through Interac Cash at 60,000 Automated Banking Machines and Interac Debit at 766,000 point-of-sale terminals across Canada. Interac Flash, a secure contactless enhancement of Interac Debit allows Canadians to pay for items instantly with their Interac chip debit card at a reader that supports Interac Flash.
Interac Association was founded in 1984 and is comprised of a diverse
membership that includes banks, trust companies, credit unions, caisses
populaires, merchants, and technology and payment related companies.
Other related services offered by Acxsys Corporation, whose shareholders
are the architects of the Interac network, include: Interac Online, for secure online payments made directly from a bank account; Interac e-Transfer™, for the transfer of money from one person's bank account to another
person's bank account using an email address or mobile phone number**;
and international services, which provide Canadian cardholders with
point-of-sale access at nearly 2 million U.S. retailers, and PULSE,
Discover, Diners Club International and UnionPay cardholders access to
ABMs in Canada.
About McDonald's Canada
McDonald's is the leading foodservice company in the world. McDonald's
Restaurants of Canada Limited and its Canadian franchisees own and
operate more than 1,400 restaurants and employ more than 80,000
Canadians coast to coast. Approximately 75 per cent of McDonald's
Canadian restaurants are locally owned and operated by independent,
local businessmen and women. For more information about McDonald's
Canada, visit the company's website at www.mcdonalds.ca.
Interac, Interac Flash and Interac e-Transfer are trade-marks of Interac Inc. Used under license.
* All Interac cardholders are protected from losses resulting from circumstances
beyond their control under the Interac Zero Liability Policy. See your financial institution for details.
**The Interac e-Transfer service, for secure person-to-person payments, is currently
available to customers of over 90 banks and credit unions including BMO
Bank of Montreal, CIBC, President's Choice Financial, National Bank,
RBC Royal Bank, Scotiabank and TD Canada Trust among others. Central 1,
through participating credit unions, offers the option of using mobile
phone numbers, in addition to email, to notify Interac e-Transfer recipients. Money never travels by email or text message.
More information about the Interac e- Transfer service and a complete list of participating banks and
credit unions can be found at www.interac.ca.
SOURCE: Interac Association
For further information:
Interac Association / Acxsys Corporation