Tim Hortons expands Interac Debit acceptance to restaurants in Ontario, Québec and Atlantic Canada
TORONTO, Nov. 23 /CNW/ - Canadians can now benefit from the convenience
and flexibility of paying with their Interac debit cards at approximately 90 per cent of Tim Hortons' over 3,000 Tim
Hortons restaurants nationwide. Tim Hortons' customers in Ontario,
Québec, New Brunswick, Nova Scotia, Prince Edward Island, and
Newfoundland and Labrador now have the choice to use Interac Debit when purchasing their favourite Tim Hortons items in restaurants
and at drive-throughs that offer electronic payments. Interac Debit has been accepted at participating restaurants in Western Canada
"Canadians enjoy the convenience and simplicity of making everyday
payments using funds directly withdrawn from their bank account with Interac Debit, and now they have more opportunity to do so at one of Canada's
favourite restaurants, Tim Hortons," said Mark O'Connell, President and
CEO, Interac Association. "With Tim Hortons' expansion of Interac Debit acceptance, customers will no longer need to worry if they have
cash in-pocket when they buy their morning coffee, breakfast wraps for
the kids after hockey practice or donuts for the office."
"Tim Hortons' hospitality focuses on continuous improvement and fast,
friendly service, whether it's new product innovation or the
introduction of new payment methods such as Interac Debit," said Roland Walton, Chief Operations Officer, Tim Hortons. "Tim
Hortons is proud to partner with a world-class Canadian payment network
like the Interac network to bring more value and the speed and convenience of debit
payments to Canadians coast to coast."
"Chase Paymentech is pleased to expand the Interac Debit roll out on its proprietary payment platform for Tim Hortons,"
said Sam Jawad, President of Chase Paymentech Canada, a global leader
in payment processing and merchant acquiring. "At Chase Paymentech, we
are focused on delivering value to our partners and their customers.
Providing the option for Tim Horton's customers to pay with their Interac debit card conveniently and dependably is an important part of this
Fast Facts about Interac Debit:
Interac Debit provides consumers with instant access to their funds when
purchasing a product or a service. It is a convenient way to pay for
items without carrying cash, and without having to delay making a
payment by using a credit card.
In 2009, 3.8 billion Interac Debit transactions were processed through the Interac network and $171 billion worth of goods and services were purchased.
More than 435,000 merchants with more than 700,000 terminals accept Interac Debit.
Approximately 60 per cent of card payments in Canada are made with Interac Debit.
Canadians are among the highest users of debit compared to other
countries around the world.
Coming soon: Interac FlashTM, a contactless enhancement of Interac Debit which will provide an even faster and more convenient way to pay
for everyday purchases.
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 Automated Banking Machines and point-of-sale
terminals across Canada.
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 directly from a bank account; Interac Email Money Transfer, for the transfer of money from a bank account to
anyone with an email address; and international services, which
provides Canadian cardholders with point-of-sale access at nearly 2
million U.S. retailers, and PULSE, Discover, Diners Club International
and China Unionpay cardholders access to ABMs in Canada.
®, TM: Interac, the Interac logo and Interac Flash are trade-marks of Interac Inc. Used under license.
NOTE TO PHOTO EDITORS: A photo accompanying this release is available at
http://photos.newswire.ca Images are free to accredited members of the media.
SOURCE Interac Association
For further information: For further information:
Director, Public and Government Affairs
Interac Association/Acxsys Corporation
416-869-8320 or firstname.lastname@example.org