TORONTO, Sept. 22 /CNW/ - Staples Inc. today announced plans to accept
two new payment options that will give its customers a convenient alternative
to cash. Staples will begin installing MasterCard(R) PayPass(TM)-enabled
readers and chip card terminals in its 300 Staples Business Depot and Bureau
en Gros stores across Canada beginning early in 2009.
"We're excited about our plans to further enhance our customer experience
through the value that these MasterCard payment technologies provide," said
Steve Matyas, president of Staples Canada. "We want all of our stores to be
ready to offer our customers the newest innovation in enhanced payment
security and convenience."
Credit and debit cards are being upgraded with chip technology in order
to enhance the security of payments. The way you complete a transaction with
your MasterCard chip-enabled card will change, but the card will continue to
function as a normal credit card with all the same features. In the future,
instead of swiping a card that has a magnetic stripe on the back, cardholders
will insert a card that has a computer chip embedded on the front. Instead of
signing to verify a payment, cardholders will enter a private Personal
Identification Number (PIN).
In addition to better security protection, the chip system can be used to
provide innovative new payment features like MasterCard PayPass. With the
PayPass payment feature, MasterCard cardholders authorize their transactions
securely via radio frequency (RF) by "tapping" their cards against a PayPass
enabled point-of-sale payment terminal. Signatures are not required for
purchases under $50 (Canadian) and receipts are always available. Purchases
over $50 (Canadian) will still require a receipt signature. A PayPass
transaction is faster than paying by cash and designed for busy merchant
environments like Staples Business Depots.
"MasterCard is pleased to be working with Staples to provide our
innovative payment solutions to their customers," said Kevin Stanton,
President of MasterCard Canada. "We believe that both chip and PayPass
technologies will bring significant benefits to Staples stores across Canada.
I think this is yet another wonderful example of how merchants and MasterCard
work together to provide Canadians with the speediest and ever more secure
experience at the point-of-sale."
About credit cards with chip technology
The new chip-enabled cards carry a small computer processor chip with
memory, logic and a configuration of software applications, significantly
enhancing security and preventing unauthorized use or copying. The chip holds
information in an encrypted form and requires the use of a PIN (personal
identification number) to complete the payment process. Canadian MasterCard
cards will also continue to carry magnetic stripes in order to be compatible
at all retailers who have not yet upgraded their payment terminals to accept
chip cards as well as in other parts of the world where chip technology is not
About MasterCard PayPass
PayPass continues to gain strong momentum worldwide. As of Q2 2008, there
are nearly 37 million MasterCard PayPass cards and devices in use at more than
122,000 merchants worldwide. There are a number of PayPass trials and rollouts
currently underway in 25 countries, including Australia, Canada, China, the
Czech Republic, France, Germany, Indonesia, Italy, Japan, Korea, Lebanon,
Malaysia, Mexico, Mongolia, the Philippines, Poland, Russia, Spain,
Switzerland, Taiwan, Thailand, Turkey, the United Arab Emirates, the United
Kingdom and the United States.
Canadians can currently use PayPass at Rabba Fine Foods, Cineplex Odeon,
Tim Hortons and Petro-Canada, Pioneer petroleum Loblaw Companies stores across
Canada, and beginning later this year, McDonald's Restaurants will also be
About Staples Canada
Founded in Toronto in 1991, The Business Depot Ltd. is Canada's largest
supplier of office supplies, business machines, office furniture and business
services for the small business and home office customer. The company is an
everyday low price retailer. The chain operates stores in all provinces across
Canada under the banners STAPLES(R) Business Depot(TM) and Bureau en Gros(MC).
The company has over 13,500 employees serving customers through 300 office
superstores, catalogue, and e-commerce. STAPLES(R) Business Depot(TM)/Bureau
en Gros(MC) is committed to making shopping easy by offering customers three
ways to shop: online, by catalogue and in-store. Marketing Magazine's
Marketing/Leger 2008 Corporate Reputation Survey ranked STAPLES Business
Depot/Bureau en Gros number one among Canada's top 100 companies surveyed in
Canada. For more information please visit www.easy.staples.ca.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical
economic link among financial institutions, businesses, cardholders and
merchants worldwide. As a franchisor, processor and advisor, MasterCard
develops and markets payment solutions, processes over 18 billion transactions
each year, and provides industry-leading analysis and consulting services to
financial institution customers and merchants. Through its family of brands,
including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers
and businesses in more than 210 countries and territories. For more
information go to www.mastercard.com.
For further information:
For further information: For Staples Canada, Alessandra Saccal, (905)
737-1147 ext. 23, firstname.lastname@example.org; For MasterCard Canada, Julie
Wilson, (416) 365-5594, Julie_Wilson@mastercard.com