June 27 , 2012
Visa Debit launches at TD Canada Trust
TORONTO-- Visa Canada has announced the launch of a new, TD Canada Trust Visa Debit card. The new card provides TD customers with the ability to shop online, over the phone and by mail in Canada, and in-store at millions of locations outside of Canada using funds drawn directly from their bank account, all with the security features and protections synonymous with using a Visa card.
"We're pleased to be working with TD to introduce Visa Debit to their cardholders," said Sue Whitney, Head of New Products, Visa Canada. "Debit has traditionally been absent from both international point-of-sale and the eCommerce space. TD's Visa Debit solution allows customers, including those who prefer to use debit or those who do not have access to a credit card, to shop online and in-person from merchants outside of Canada."
Debit cardholders will continue to be able to withdraw cash from automated banking machines (ABMs) and purchase goods and services at Canadian merchants with funds directly from their bank account. Point of sale purchases in Canada will continue to be processed through the Interac Debit payments network.