Interac FlashTM contactless debit technology enables a speedy check-out
TORONTO, Oct. 30, 2013 /CNW/ - Interac Association announced today that
Canadians can move through the checkout more quickly when they pay for
their purchases using Interac Flash at select Loblaw Companies Limited (Loblaw) banner stores. As
Canada's first and only contactless debit payment solution, Interac Flash enables Interac Debit cardholders to make contactless transactions at the point-of-sale
quickly, safely and conveniently. Loblaw, Canada's largest food
retailer, has started accepting Interac Flash at select stores.
"Interac Flash helps deliver a faster, more convenient checkout experience for
customers wanting to pay using funds from their own bank account," said
Mark O'Connell, President and CEO, Interac Association and Acxsys
Corporation. "We're excited that Loblaw sees the value in offering Interac Flash to help enhance the customer shopping experience."
More than 14,000 Interac Flash enabled terminals will be deployed at Loblaw banner store
locations across Canada. The deployment will be managed by Global
Payments Inc., one of the world's largest electronic transaction
About Interac Flash
Interac Flash gives cardholders the choice to pay for smaller value purchases
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.
Interac Flash enabled debit cards are already being issued by Scotiabank, RBC
Royal Bank, TD Canada Trust, Sunova Credit Union, Affinity Credit Union
and Conexus Credit Union, and an increasing number of merchants are
signing up to provide the service to their customers.
Visit www.interacflash.ca for more information.
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-TransferTM, 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 two million U.S. retailers, and PULSE,
Discover, Diners Club International and UnionPay cardholders access to
ABMs in Canada.
About Loblaw Companies Limited
Loblaw Companies Limited, a subsidiary of George Weston Limited, is
Canada's largest food retailer and a leading provider of drugstore,
general merchandise and financial products and services. Loblaw is one
of the largest private-sector employers in Canada. With more than 1,000
corporate and franchised stores from coast to coast, Loblaw and its
franchisees employ more than 134,000 full-time and part-time employees.
Through its portfolio of store formats, Loblaw is committed to
providing Canadians with a wide, growing and successful range of
products and services to meet the everyday household demands of
Canadian consumers. Loblaw is known for the quality, innovation and
value of its food offering. It offers Canada's strongest control
(private) label program, including the unique President's Choice®, no
name® and Joe Fresh® brands. In addition, the Company makes available
to consumers President's Choice Financial® services and offers the PC® points and PC Plus™ loyalty program.
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 200 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