With the accelerating adoption of contactless payments combined with the launch of Android Pay, Moneris anticipates 50 per cent of purchases will be made via contactless payments this year.
TORONTO, May 31, 2017 /CNW/ - Today, Google introduced Android Pay in Canada, enabling Android users with participating cards to make Interac® Debit, Visa®, Mastercard® and American Express® credit card purchases with their Android mobile phone or tablet. Moneris Solutions Corporation ("Moneris"), Canada's leading credit and debit card processor, is pleased to support Android Pay for both in-store and in-app purchases. This digital wallet will help businesses across the country accept more payment types and offer a secure and convenient checkout experience for consumers.
"Moneris processes over 3 billion transactions annually and of that, we predict fifty per cent will be made by contactless cards or devices by year end," said Jeff Guthrie, Chief Sales Officer at Moneris. "Android is one of the leading mobile platforms in Canada and we are prepared to support our merchants to accept Android Pay today."
Tap-and-go transactions are quickly becoming a standard payment method for Canadian consumers. Moneris' Q1 2017 quarterly spend report shows a rapid increase of contactless spend with more than 62 per cent growth year-over-year and is expected to continue with the addition of Android Pay in Canada.
"We're excited to bring the simplicity and security of mobile payments to Moneris customers with Android Pay," said Pali Bhat, Vice President of Payments, Google. "Starting today, people will be able to use their Android device to pay across mobile apps and at hundreds of thousands of contactless payment terminals in Canada."
Android Pay uses the latest and most advanced payment technology, contributing to faster checkout and improved payment service. Moneris merchants including Federated Co-Operatives Limited (FCL) and Rexall Pharmacy are set to accept Android Pay today and anticipate seeing increased mobile transactions in the coming months as a result.
"We're committed to providing a superior customer experience, which includes reliable payment options," said Brad Bauml, Executive Vice-President of Ag and Consumer Business at Federated Co-operatives Limited. "By accepting Android Pay at Co-op locations across Western Canada, we are better positioned to support the payment needs of our customers and working with Moneris, we can provide fast and secure checkout in all of our business locations."
As the sophistication of payment solutions continue to evolve, digital wallets like Android Pay are at the forefront. Rexall is eager to begin accepting Android Pay and has worked with Moneris to integrate support for it into their payment systems.
"Rexall continuously looks for opportunities to advance our systems and the way we do business," said Mary Kelly, Chief Pharmacy and IT Officer, Rexall. "We recognize our customers' appetite for mobile-focused services, so accepting Android Pay is a natural choice and we are excited to be able to offer it in partnership with Moneris."
As a leader in digital payments, Moneris makes its Application Program Interfaces (APIs) and software development kits (SDKs) available to Canadian developers seeking easy Android Pay in-app payment integration for Android mobile apps. In-app payments enable consumers to make one-touch purchases, eliminating the process of entering cardholder information at the time of purchase within apps. Faster purchase processes can help businesses to reduce shopping cart abandonment by half1, increasing the bottom line of merchants using Android Pay in-app payments. Moneris' Software Development Kit (SDK) and Application Program Interfaces (APIs) for Android Pay are available today for all developers on the Moneris Developer Portal.
All Moneris payment solutions deployed today offer contactless functionality. Whether the device is integrated or standalone, wired, wireless, or a mobile point-of-sale solution, they can all support tap technology, allowing Android Pay to be accepted anywhere a sale takes place.
Setting up a contactless payment system is seamless with the support of Moneris Field Services, offering installation, training and service of Moneris POS solutions. Businesses looking for more information on Android Pay are welcome to contact Moneris at 1-866-MONERIS or visit moneris.com/androidpay.
As one of North America's largest providers of payment processing solutions, Moneris Solutions Corporation ("Moneris") offers credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions, annually. Moneris offers electronic loyalty and stored-value gift card programs. With more than 350,000 merchant locations, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit www.moneris.com.
1 Data Analysis, Fancy Teams Up with Android Pay to Solve Cart Abandonment (2016).
Android, Android Pay and Google are trade-marks of Google Inc. VISA is a registered trade-mark of Visa International Inc. MASTERCARD is a registered trade-mark of MASTERCARD International. Interac is a registered trade-mark of Interac Inc. American Express is a registered trade-mark of American Express Company. MONERIS & Design is a registered trade-mark of Moneris Solutions Corporation. All other marks and registered trade-marks are the property of their respective owners.
For further information: Media contacts: Darren Leroux, Moneris, 416.734.1442, Darren.Leroux@moneris.com; Samia Makhlouf, FleishmanHillard, 416-704-4742, Samia.Makhlouf@fleishman.ca