Largest national restaurant chain ready to accept CIBC credit card payments directly from enabled Rogers smartphones

OAKVILLE, ON (November 2, 2012) - Tim Hortons helped make history today, playing host to the first Canadian mobile credit card transaction. Canadian Olympic Triathlete Simon Whitfield purchased a Tim Hortons coffee at a downtown Toronto restaurant using a Rogers BlackBerry smartphone and CIBC credit card account. Now Tim Hortons guests, who are clients of CIBC and Rogers, will be able to pay for their favourite coffee, breakfast or lunch without ever opening their wallet.

"Tim Hortons invested in new payment terminals for nearly all of our Canadian restaurants to allow contactless and mobile payments," said David Clanachan, Chief Operating Officer, Tim Hortons.  "We are always looking to bring innovative options that offer our guests more convenience and faster ways to pay. We believe Canadians will increasingly embrace the opportunity to make mobile payments and we are excited to be at the forefront of this technology with this milestone transaction today. "

Tim Hortons' new all-in-one PIN pad technology supports all methods of payment on one device, including chip and pin, tap and swipe payments for acceptance of Tim Card, debit cards, credit cards and now mobile payments. Approximately 2,300 Tim Hortons restaurants in Canada are already equipped with the new technology, with more than 3,000 restaurants expected to participate by December.

Later this month, using the CIBC Mobile Payment App, Canadians will be able to hold select Rogers smartphones up to the Tim Hortons contactless PIN pad and make purchases quickly and securely directly onto their CIBC Visa or CIBC MasterCard. More information can be found at www.rogers.com/suretap and www.cibc.com/mobile

The availability of mobile transactions builds on Tim Hortons recent introductions of a variety of payment options. Earlier this year, Tim Hortons introduced Visa and Interac Flash to complement MasterCard, MasterCard PayPass and Interac Debit payment options.

About Tim Hortons Inc.

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 Panini and classic sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including our trademark donuts. As of July 1st, 2012, Tim Hortons had 4,071 systemwide restaurants, including 3,326 in Canada, 734 in the United States and 11 in the Gulf Cooperation Council. More information about the Company is available at www.timhortons.com.

For more information or to arrange an interview, please contact:

Alexandra Cygal
Tim Hortons
cygal_alexandra@timhortons.com
905.339.5960

Share this news with your network