-   Next generation TD Visa chip cards with the Visa payWave contactless
        feature being issued to select Kitchener-Waterloo cardholders this
        month

    -   The Visa payWave feature gives consumers a fast and convenient way to
        pay for small dollar purchases

    KITCHENER-WATERLOO, ON, April 11 /CNW/ - Canada's first Visa payWave
transaction was completed today at a Dairy Queen Restaurant in
Kitchener-Waterloo, Ontario. Using a TD Visa chip card equipped with the Visa
payWave contactless feature, TD Canada Trust District Vice President Kevin
Moffatt made a ceremonial purchase to kick-off the introduction of Visa
payWave in Canada.
    The Visa payWave feature gives cardholders the option of paying for small
dollar purchases - typically under $25 - simply by waving their TD Visa chip
card near a Visa payWave reader. TD Canada Trust is including the Visa payWave
feature on TD Visa chip cards issued in Kitchener-Waterloo this month as part
of the ongoing market trial of chip technology. TD Merchant Services has
already installed Visa payWave readers at several merchant locations in
Kitchener-Waterloo and will add many more in the coming months.
    "The payment card market in Canada is undergoing a massive transformation
to introduce chip technology," said Jim Sallas, SVP Personal Lending,
TD Canada Trust. "As part of this upgrade we're giving select TD Visa
cardholders in Kitchener-Waterloo an added benefit by enhancing our new chip
cards with Visa payWave. Speed and convenience are the defining benefits of
Visa payWave products and we're sure our cardholders will appreciate having a
simple, fast and easy way to pay."
    In Canada, the Visa payWave payment platform is unique because it's based
on EMV(TM) chip technology. Used widely in other parts of the world,
EMV technology provides increased protection against counterfeiting and
skimming fraud as the encrypted data on an EMV chip card is virtually
impossible to copy. Visa payWave transactions will be processed through the
same reliable Visa payment network used for all Visa card transactions.
    "We live in a fast-paced world and consumers want to get in and out when
making purchases. That's the advantage of Visa payWave - offering this payment
option to customers can make a merchant stand out and the response we've seen
so far from the business community has been very positive," said
Jeff van Duynhoven, Vice President, TD Merchant Services.
    Using a TD Visa Card with the Visa payWave feature to make a purchase can
be faster than paying with cash at quick service restaurants, drive thrus,
coffee shops, grocery stores and more. Transactions made with a TD Visa card
using the Visa payWave contactless feature will not require a signature or PIN
to complete the transaction and will provide customers with another way to
take advantage of TD Visa's loyalty rewards programs.

For further information: Matthew Cram, TD Bank Financial Group, (416)
983-1514, matthew.cram@td.com