TD Mobile Payment puts the power to pay in the palm of your hand
TORONTO, May 14, 2014 /CNW/ - TD Canada Trust today announced TD Mobile
Payment, a secure payment solution that allows customers to pay for
everyday purchases with their smartphones. Available on the Bell,
Rogers, and TELUS networks, TD Mobile Payment offers customers a
simple, convenient and safe way to pay at their fingertips.
According to a recent poll commissioned by TD, the ability to make
quicker payments will come as a relief to Canadians. The poll showed
people were irritated by a number of things shoppers do while waiting
in line. For instance, 76 per cent of respondents were frustrated by
shoppers attempting to use multiple credit and debit cards, while 71
per cent become annoyed by people who couldn't find their payment
cards. Additionally, 63 per cent have no time for shoppers who fumble
through their wallets for exact change.
"We're proud to be the first bank in Canada to offer a mobile payment
solution with Canada's three major wireless networks, on a variety of
devices," said Rizwan Khalfan, Senior Vice President, Digital Channels,
TD Bank Group. "We know our customers want more convenient ways to pay
- our research shows that more than half of Canadians are already
comfortable using their smartphones for everyday purchases. TD Mobile
Payment, which is embedded in the TD mobile app, makes it simple, fast
and easy to pay for things like your morning coffee."
Embedded in the TD mobile app, TD Mobile Payment leverages Near Field
Communication (NFC) to make safe and secure contactless purchases with
Android or BlackBerry mobile devices at Visa payWave® enabled merchant point-of-sale terminals. The TD mobile app is the most
downloaded banking app in Canada with more than 2 million users.
"Our focus is on making our customers' journey simple and convenient no
matter when, where, or how they choose to bank with us. We've found
that Canadians value a quick checkout, which made sense given the
growth and popularity of our mobile app and the increasing number of
retailers using NFC," added Khalfan.
TD Mobile Payment keeps TD customers' credit card information safely
encrypted on a specialized NFC SIM card within the mobile device. The
TD mobile app also offers a personal passcode to access TD Mobile
Payment, adding another layer of protection. Customers are offered the
same level of protection and reassurance as they receive when making
payments with their plastic credit card.
To download the TD mobile app and for more information, visit TD Canada Trust online, Google Play or Blackberry World. TD Mobile Payment is designed for use on several popular smartphones,
which currently include the BlackBerry 9900, Samsung Galaxy S3, Samsung
Galaxy S4, Samsung Galaxy S4 Mini, Samsung Galaxy Note 2/3, Samsung
Galaxy S5 and HTC One - with additional platforms planned for future
About the TD mobile banking survey:
75% of Canadians admit their mobile phones are always within reach
throughout the day.
39% of 18 - 34 year-olds said they would return home to get their phones
if they forgot them, 10% higher than the national average.
When asked to name the most important place to pay quickly, given a
variety of options including grocery stores and convenience stores, the
most popular payment location among Canadians (23%) was everywhere because their time is valuable.
The average maximum purchase Canadians would be comfortable making in a
single transaction with a smartphone is $95.
More than half of Canadians with mobile phones are comfortable using
their smartphones for everyday purchases, like:
About the TD mobile app:
Make everyday purchases with your smartphone
Bank, manage personal investment accounts and trade with a single app
Pay bills and view account history
Transfer money between accounts
Get real-time quotes for stocks, ETFs, and mutual funds
Locate TD Canada Trust branches and ATMs
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in
North America by branches and serves over 22 million customers in three
key businesses operating in a number of locations in financial centres
around the globe: Canadian Retail, including TD Canada Trust, TD Auto
Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD
Insurance; U.S. Retail, including TD Bank, America's Most Convenient
Bank, TD Auto Finance U.S., TD Wealth (U.S.) and an investment in TD
Ameritrade; and Wholesale Banking, including TD Securities. TD also
ranks among the world's leading online financial services firms, with
approximately 8 million active online and mobile customers. TD had
CDN$909 billion in assets on January 31, 2014. The Toronto-Dominion
Bank trades under the symbol "TD" on the Toronto and New York Stock
About the Survey
From March 28th to March 31st, 2014, an online survey was conducted
among a sample of 1007 Canadian adults age 18+ who are also Angus Reid
Forum panel members. The margin of error — which measures sampling
variability — is +/-3.09%, 19 times out of 20. The sample was balanced
by age, gender, region and education (and in Quebec, language)
according to the most recent census data. Discrepancies in or between
totals are due to rounding.
To view PDF document please click here.
Image with caption: "MOBILE PAYMENT - in the palm of your hand! (CNW Group/TD Bank Group)". Image available at: http://photos.newswire.ca/images/download/20140514_C8254_PHOTO_EN_40275.jpg
PDF available at: http://stream1.newswire.ca/media/2014/05/14/20140514_C8254_DOC_EN_40277.pdf
SOURCE: TD Bank Group
For further information:
TD Bank Group
647.725.2520 X 215
Kaiser Lachance Communications