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