More than 440 locations across Canada to offer Interac Flash contactless debit payment
TORONTO, Nov. 15, 2012 /CNW/ - Interac Association announced today that M&M Meat Shops Ltd. (M&M) is the latest national retailer to start accepting Interac Flash contactless debit transactions, allowing customers to make their purchases even more quickly and conveniently than before. Interac Flash, an enhancement of Interac® Debit, is Canada's first contactless debit technology.
"For more than 32 years, our priority has been to provide our customers with the finest quality products at affordable prices in the most customer-friendly way," said Ian Mitchell, Vice President of Finance, IT, and H.R. of M&M Meat Shops Ltd. "Interac Flash allows us to further enhance our customer service by offering the latest and most convenient payment technology in Canada today."
Interac Flash will be accepted at most M&M locations starting this month with full deployment at M&M's more than 440 stores across Canada to be completed by the end of November. "With our recent new product launches and the holiday season approaching, we felt it was important to get Interac Flash deployed prior to December when our customers really appreciate the ability to get in and out of our stores quickly," added Mitchell.
"As Canadians' lives become busier, it's important for retailers to provide fast and secure transactions at the point of sale," said Mark O'Connell, President and CEO of Interac Association and Acxsys Corporation. "We're delighted that M&M Meat Shops has recognized the value of offering the speed, convenience and security of Interac Flash as a payment solution to meet the needs of their customers."
Moneris Solutions, one of Canada's largest payment card processors, will manage the deployment of Interac Flash for M&M Meat Shops Ltd.
About Interac Flash
Interac Flash gives cardholders the choice to pay for smaller value items faster than ever before by simply holding their card at a contactless point-of-sale reader that supports Interac Flash.
Interac Flash uses EMV technology 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 economical, 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 and TD Canada Trust 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 Flash.
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-Transfer™, 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 2 million U.S. retailers, and PULSE, Discover, Diners Club International and UnionPay cardholders access to ABMs in Canada
About M&M Meat Shops Ltd.
M&M Meat Shops Ltd. is Frozen Food at its best and as Canada's largest retail chain of specialty frozen foods with locations from coast to coast, offer more than 375 mouth-watering products, the majority of which are flash frozen. Flash freezing ensures retention of natural flavour and nutrition, and allows meats to be aged perfectly before being frozen quickly. Fruits and vegetables are frozen at their height of ripeness. Products are portioned for ease of cooking, and before anything reaches M&M's stores, all products undergo vigorous quality testing.
With a reputation as the holiday entertaining headquarters M&M Meat Shops Ltd. offers an abundance of appetizers, desserts, and party foods that are easy to prepare, and fantastic to share. For more information, visit www.mmmeatshops.com.
Interac, the Interac logo, Interac Flash and Interac e-Transfer are trade-marks of Interac Inc. Used under license.
EMV is a trade-mark of EMVCo LLC.
* 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 100 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