Enhanced Visa Debit card offers TD Canada Trust customers convenience,
security and flexibility
TORONTO, June 26, 2012 /CNW/ - Visa Canada today announced the launch of
a new, TD Canada Trust Visa Debit card, offering Canadian consumers
expanded choice, accessibility and payment functionality in the
marketplace. Today's announcement provides TD customers with the
ability to shop online, over the phone and by mail in Canada, and
in-store at millions of locations outside of Canada using funds drawn
directly from their bank account, all with the security features and
protections synonymous with using a Visa card.
Visa Debit's enhanced features continue to make payments fast,
convenient, reliable and secure for consumers and merchants. In
addition to allowing for the one-step electronic debiting of funds when
shopping online, internationally, over the phone or by mail, Visa Debit
also offers the ability to make regular and recurring bill payments
online, providing greater payment flexibility and account management
convenience. Visa Debit purchases are backed by Visa's multiple layers
of security, helping to reduce the risk of fraud through Visa's Zero
Liability Policy, Verified by Visa® service, address verification and the three-digit code on the
"We're pleased to be working with TD to introduce Visa Debit to their
cardholders," said Sue Whitney, Head of New Products, Visa Canada.
"Debit has traditionally been absent from both international
point-of-sale and the eCommerce space. TD's Visa Debit solution allows
customers, including those who prefer to use debit or those who do not
have access to a credit card, to shop online and in-person from
merchants outside of Canada."
Debit cardholders will continue to be able to withdraw cash from
automated banking machines (ABMs) and purchase goods and services at
Canadian merchants with funds directly from their bank account. Point
of sale purchases in Canada will continue to be processed through the Interac Debit payments network.
"Visa continues to support the adoption of Debit as a secure, convenient
and reliable payment alternative to cash and cheques, connecting
consumers to their financial resources quickly and safely," continues
Whitney. "Today's announcement demonstrates Visa's ongoing leadership
within the payments industry, and its commitment to providing
innovative payment solutions that meet the evolving ways and places
consumers are transacting."
Visa Debit cards are accepted at millions of merchant outlets and at
more than 1.9 million ABMs around the globe. For more information on
Visa Debit, go to Visa.ca/debit.
Visa is a global payments technology company that connects consumers,
businesses, financial institutions and governments in more than 200
countries and territories to fast, secure and reliable digital
currency. Underpinning digital currency is one of the world's most
advanced processing networks—VisaNet—that is capable of handling more
than 20,000 transactions a second, with fraud protection for consumers
and guaranteed payment for merchants. Visa is not a bank, and does not
issue cards, extend credit or set rates and fees for consumers. Visa's
innovations, however, enable its financial institution customers to
offer consumers more choices: pay now with debit, ahead of time with
prepaid or later with credit products. For more information, visit www.corporate.visa.com.
SOURCE VISA Canada Corporation
For further information:
Erin Sufrin, Visa, 416-860-3869, firstname.lastname@example.org