TD Canada Trust offers customers contactless payments via Interac Flash
03 July, 2012
category: Contactless
Interac Association announced that TD Canada Trust is now issuing bank cards with Interac Flash functionality.
Interac Flash is an enhancement of Interac Debit and Canada’s first contactless point-of-sale debit payment option, which gives cardholders the choice of paying for smaller value items by simply holding the card up to a supported contactless reader.
This increased speed helps merchants improve customer throughput at the point-of-sale by allowing them to spend less time processing payments, when compared to the time it takes to handle cash.
Interac Flash leverages EMV based secure chip processing, instead of magnetic stripe data type processing to protect against skimming, counterfeiting, and transaction replay types of fraud, including electronic pick-pocketing where readers are used to capture information.