August 11, 2016

President's Choice Financial offers digital payment via Apple Pay

TORONTO--PC Financial, a division of Loblaw Companies Limited, announced the availability of Apple Pay, offering PC Financial MasterCard customers further choice, security and convenience with the ability to use iPhone, iPad or Apple Watch to make seamless purchases.

"We know the PC Financial customer wants simplicity, convenience and, most importantly, security when making a payment, and we look forward to offering Apple Pay as a digital option that delivers on all of these values," says Barry Columb, President, PC Bank.

Loblaw accepts Apple Pay in all of its grocery and drug store locations nationwide. The PC Financial MasterCard portfolio gives customers the benefit of the PC Plus loyalty program and will continue to offer PC points on every dollar spent when using the digital PC Financial World Elite MasterCard and PC Financial MasterCard. The PC Financial World Elite MasterCard is a no annual fee premium card that rewards Canadians for everyday purchases.

Security and privacy is at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.

Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. In stores, Apple Pay works with iPhone SE, iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus and Apple Watch.

Online shopping in apps accepting Apple Pay is as simple as the touch of a finger with Touch ID, so there's no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information. When paying for goods and services within apps, Apple Pay is compatible with iPhone SE, iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, iPad Air 2, iPad mini 3, iPad mini 4 and iPad Pro.

President's Choice Financial services are a unique financial service offering designed by Loblaw Companies Limited. President's Choice Bank provides the President's Choice Financial MasterCard, while the direct banking division of CIBC provides banking services.



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