Visa PayWave rolled out by Metro Inc
Visa Canada and Metro Inc. today announced they are partnering to bring Visa payWave contactless payments to over 600 grocery stores in Ontario and Quebec. Beginning early next year, shoppers will be able to simply “wave and go” when making every day purchases at Metro, Metro Plus, Super C and Food Basics.
“Metro has continuously focused on providing value and innovation to our customers,” said Jacques Couture, Vice President Information Systems, Metro Inc. “We are thrilled to be bringing Visa payWave to our shoppers, who will no doubt appreciate the ability to shop quickly and conveniently at any of our grocery stores in Ontario and Quebec.”
“Visa payWave makes the shopping experience quicker and easier, while paving the way for upcoming innovations like mobile payments,” said Mike Bradley, Head of Products, Visa Canada. “We are proud to be partnering with Metro Inc. to bring the convenience and security of Visa payWave to their stores, ultimately helping make the customer shopping experience even better.”
Visa payWave enables consumers to use existing accounts for mobile payments and offers a platform for future innovations. Contactless and mobile payments deliver speed and convenience to merchants and Visa cardholders while offering the built in security benefits inherent in chip technology. Visa payWave card-based and mobile-based transactions employ EMV chip technology, which uses a standard 128-bit encryption technology to securely store and encrypt confidential information. When a customer uses a Visa payWave terminal, the card or mobile device and the terminal exchange security information and the transaction is completed, all in less than one-third of a second. The cardholder does not need to swipe a card or let it out of their possession, keeping the transaction quick and secure.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
