This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Tim Hortons And Visa PayWave Brew Up A Faster Payment Solution

Visa's contactless technology now available at participating Tim Hortons restaurants

TORONTO, Nov. 19, 2012 /CNW/ - Visa Canada and Tim Hortons invite cardholders to 'wave and go' when making purchases using Visa payWave, now available for use at participating Tim Hortons restaurants across the country. Tim Hortons guests can now pay faster for their coffee and Timbits using Visa's contactless technology, bringing cardholders another level of convenience and providing built-in security.

With Visa payWave, cardholders no longer need to look for change, key in a PIN or sign receipts for their food or beverage purchases at Tim Hortons. Visa payWave cardholders can simply wave their card in front of a merchant terminal that displays the universal contactless symbol and they are on their way.

"Tim Hortons is excited to bring Visa payWave to our guests, who will no doubt appreciate the ability to make purchases quickly and securely through contactless payments in our restaurants," said David Clanachan, Chief Operating Officer, Tim Hortons. "We are committed to providing our guests with a wide variety of menu options and with the addition of Visa payWave, we can provide convenience too."

"Visa payWave makes the checkout experience quicker and easier, while paving the way for upcoming innovations like mobile payments," said Sue Whitney, Head of New Products, Visa Canada. "We are proud to be partnering with Tim Hortons to bring the convenience and security of Visa payWave to their iconic restaurants, ultimately helping to enhance the customer experience."

This rollout marks the second announcement for Tim Hortons and Visa Canada. Earlier this year, Tim Hortons and Visa Canada teamed up to allow customers to use Visa cards at more than 3,000 Tim Hortons locations Canada-wide, providing consumers with greater choice, speed and security. To celebrate this milestone, Visa Canada launched a promotion which gave Canadians the chance to win a dream cottage getaway for an entire season. The contest winner was Travis Craddock from Alberta, who won this once-in-a-lifetime summer cottage getaway experience simply by using his Visa card to pay at Tim Hortons.

Visa payWave technology

Visa payWave card-based and mobile-based transactions employ EMV chip technology, which uses advanced cryptographic security to generate a code that changes for every contactless transaction, helping prevent counterfeit fraud from stolen account data. When a customer uses a Visa payWave terminal, the card or mobile device and the terminal exchange security information and the transaction is completed, all in less than one-third of a second. The cardholder does not need to insert or swipe a card or let it out of their possession, keeping the transaction quick and secure.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,862.69 -273.03 -1.51%
S&P 500 2,073.35 -27.69 -1.32%
NASDAQ 4,930.9190 -51.89 -1.04%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs