October 30, 2013
Pay in a Flash® at select Loblaw Companies Limited store locations
Interac FlashTM contactless debit technology enables a speedy check-out
TORONTO--Interac Association announced today that Canadians can move through the checkout more quickly when they pay for their purchases using Interac Flash at select Loblaw Companies Limited (Loblaw) banner stores. As Canada's first and only contactless debit payment solution, Interac Flash enables InteracDebit cardholders to make contactless transactions at the point-of-sale quickly, safely and conveniently. Loblaw, Canada's largest food retailer, has started accepting Interac Flash at select stores.
"Interac Flash helps deliver a faster, more convenient checkout experience for customers wanting to pay using funds from their own bank account," said Mark O'Connell, President and CEO, Interac Association and Acxsys Corporation. "We're excited that Loblaw sees the value in offering Interac Flash to help enhance the customer shopping experience."
More than 14,000 Interac Flash enabled terminals will be deployed at Loblaw banner store locations across Canada. The deployment will be managed by Global Payments Inc., one of the world's largest electronic transaction processing companies.