Scotiabank and Paymentech Launch Visa chip cards in Canada

Wednesday 12 November 2003 11:19 CET | News

Scotiabank has partnered with Paymentech Canada to launch the first VISA cards in Canada containing a chip that is both protected by a Personal Identification Number (PIN), and will provide customers new and convenient payment options.

Consumer participants in the pilot will receive a chip card, which they can use at chip-enabled, point-of-sale terminals as well as the common magnetic swipe that most merchants in the Barrie area accept. When conducting credit transactions with their new chip card at participating merchants, customers will be prompted to enter a PIN, instead of signing a transaction receipt.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce