TD Bank offers Visa payWave cards with rewards

TD Canada Trust has said that the Visa payWave contactless payment feature will be added to TD Visa chip Cards issued in Kitchener-Waterloo as part of the ongoing market trial of chip-enabled debit and credit cards. The Visa payWave feature gives cardholders the option of paying for small dollar purchases - typically under Can$25 - simply by waving their credit card near a Visa payWave reader. Select TD Visa Cardholders in Kitchener-Waterloo will receive their new 'dual interface' chip and Visa payWave-enabled Card beginning in April.

TD Merchant Services has begun installing Visa payWave secure contactless readers at merchant locations in the Kitchener-Waterloo area including participating Dairy Queen and A&W Restaurants; over 300 additional Visa payWave readers will be installed at merchant locations across the trial area in the months to come. TD Merchant Services is the first payment processor in Canada certified by Visa Canada to offer Visa payWave acceptance to its merchants.

Within Canada, the Visa payWave payment platform is unique because it is based on EMV chip technology which is widely used in other parts of the world. This 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-enabled transactions will be processed through the same reliable Visa payment network used for all Visa card transactions.

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TD Bank offers Visa payWave cards with rewards