First Data's Pre-Paid Solution to Enable Tim Hortons Quickpay Tim
TORONTO, November 20 /CNW/ - First Data, a global leader in electronic
commerce and payment services, announced today that it has signed an agreement
with Tim Hortons(R), Canada's largest quick service restaurant chain, to
provide transaction processing for its new convenience card program called
Quickpay Tim Card(TM).
The Quickpay Tim Card is a pre-paid, re-loadable cash card that can be
used to pay for purchases both in-store and at the drive thru at participating
Tim Hortons stores. Tim Hortons recently launched the Tim Card at
participating locations throughout Canada.
First Data will provide transaction processing and will manufacture the
cards. Tim Hortons' prepaid solution will also feature connectivity via the
Datawire transport network. The Datawire network, owned and operated by First
Data, has become the standard in the payments industry for point-of-sale
connectivity via the Internet.
"We are pleased to partner with Tim Hortons as they launch Tim Card,"
said Peter Harrington, President, Latin America and Canada, First Data
International. "We are committed to providing our clients with tailored
solutions that fit their business. This gift card solution gives merchants of
all sizes the ability to increase sales, strengthen customer loyalty and
enhance promotional activities, while providing their customers with a
convenient method of payment."
"First Data provides a solid solution, has the market experience and can
deliver the capabilities that Tim Hortons needs," said David Clanachan, EVP,
Training, Operations Standards, R&D and Quality Assurance, Tim Hortons. "The
flexibility of First Data's cash card solution will allow us to successfully
launch our Tim Card program."
About First Data
First Data Corp. is a leading provider of electronic commerce and payment
solutions for businesses worldwide. With operations in 38 countries, First
Data serves over 5 million merchant locations, 1,900 card issuers and their
customers. It powers the global economy by making it easy, fast and secure for
people and businesses around the world to buy goods and services using
virtually any form of payment. The company's portfolio of services and
solutions includes merchant transaction processing services; credit, debit,
private-label, gift, payroll and other prepaid card offerings; fraud
protection and authentication solutions; receivables management solutions;
electronic check acceptance services through TeleCheck; as well as Internet
commerce and mobile payment solutions. The company's STAR Network offers
PIN-secured debit acceptance at 2.1 million ATM and retail locations. For more
information, visit www.firstdata.com.
The Datawire Network is a distributed transaction transport network which
has emerged as the de facto standard for public Internet Point-Of-Sale (POS)
connectivity for merchants. First Data acquired Datawire in February of 2007.
The patented VXN technology has been architected to provide secure, reliable,
consistent and rapid transaction transport. The Datawire network has been in
service for over 5 years and has transported billions of transactions,
servicing at present approximately 100,000 merchant locations worldwide.
About Tim Hortons Inc.
Tim Hortons is the fourth largest publicly-traded quick service
restaurant chain in North America based on market capitalization, and the
largest in Canada. Tim Hortons appeals to a broad range of consumer tastes,
with a menu that includes coffee and donuts, premium coffees, flavored
cappuccinos, specialty teas, home-style soups, fresh sandwiches and fresh
baked goods. As of September 30, 2007, Tim Hortons had 3,110 system-wide
restaurants, including 2,758 in Canada and 352 in the United States. More
information about the Company is available at www.timhortons.com.
For further information:
For further information: First Data International Julie Holan,