Contactless technology provides guests with faster, even more convenient payment options
OAKVILLE, ON. (November 19, 2012) - Tim Hortons guests are now able to pay for their favourite coffee using Visa's payWave contactless card technology. More than 3,000 Tim Hortons restaurants across Canada will be equipped with new payment terminals by the end of the year, and able to accept Visa payWave.
Tim Hortons guests can simply wave their Visa payWave card in front of a merchant terminal that displays the universal contactless symbol and in a matter of seconds, their favourite menu items will be paid for. The technology will allow Tim Hortons guests to get in and out of the restaurant or drive-thru as quickly as possible without having to enter a PIN or dig for change.
"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."
Tim Hortons partnered with Visa Canada earlier this year to allow guests to use their Visa card at Tim Hortons restaurants across Canada.
About Tim Hortons
Tim Hortons is one of the largest publicly-traded restaurant chains in North America based on market capitalization, and the largest in Canada. Operating in the quick service segment of the restaurant industry, Tim Hortons appeals to a broad range of consumer tastes, with a menu that includes premium coffee, espresso-based hot and cold specialty drinks including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, fresh sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including our trademark donuts. As of September 30th, 2012, Tim Hortons had 4,138 system wide restaurants, including 3,365 in Canada, 755 in the United States and 18 in the Gulf Cooperation Council. More information about the Company is available at www.timhortons.com
About Visa
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 24,000 transaction messages 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.
For more information, contact:
Alexandra Cygal, Tim Hortons, 905-339-5960, cygal_alexandra@timhortons.com
Carla Hindman, Visa Canada, 416-860-8869, chindman@visa.com
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