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TD Merchant Services launches Canada's first "chip-ready" integrated point-of-sale solution
Businesses ready to run an integrated chip-enabled system now have the answer TORONTO, June 27 /CNW/ - TD Merchant Services today announced the availability of Canada's first "chip-ready" integrated point-of-sale (POS) solution designed for businesses preparing to upgrade their infrastructures to accept chip-based debit and credit cards. Merchant Connect EMV is a software interface designed by Tender Retail that allows businesses to connect their POS systems with their payment processor; it also ensures merchants meet the precise requirements of EMV, the global technology standard for chip-based debit and credit cards to replace existing magnetic stripe cards. TD Merchant Services is the first payment processor in Canada to certify Tender Retail's Merchant Connect EMV. "We're working hard to take care of tomorrow's chip requirements today," said Jeff van Duynhoven, Vice President, TD Merchant Services. "As the payments industry transitions to chip technology, we think merchants will come to appreciate our chip knowledge and expertise. We're pleased to partner with Tender Retail to become the first in Canada to offer a chip-ready integrated solution for the point-of-sale." Businesses that implement Merchant Connect EMV to send payment card transactions to TD Merchant Services will benefit from: - Increased fraud protection; - Reduced liability for charge backs; - Global interoperability; - Increased efficiency at the checkout; - Secure, cost effective transactions at offline and unattended locations; and - Elimination of dual receipts. "We're committed to ensuring our customers remain at the forefront in fraud protection and customer service, and chip technology plays a key role in this as the evolution of the payments industry continues," said Steve Brooks, President, Tender Retail. "TD Merchant Services is a smart provider of the types of solutions required to accept card payments and they're leading the way in helping merchants become chip-enabled." For more information businesses can call TD Merchant Services at 1-888-983-8373 or 416-983-0943. About TD Bank Financial Group The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group serves more than 14 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking including TD Canada Trust; Wealth Management including TD Waterhouse and an investment in TD Ameritrade; Wholesale Banking, including TD Securities; and U.S. Personal and Commercial Banking through TD Banknorth. TD Bank Financial Group also ranks among the world's leading online financial services firms, with more than 4.5 million online customers. TD Bank Financial Group had CDN $397 billion in assets, as of April 30, 2007. The Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD".
For further information: Matthew Cram, Manager, Corporate Communications, TD Bank Financial Group, (416) 983-1514
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