Interac Association brings contactless payments to Canada’s service stations
08 June, 2011
category: Contactless
Canada’s Suncor Energy has announced it will begin piloting Interac Flash contactless debit transactions in select Petro-Canada service stations towards the end of the year, with a nationwide roll out slated for early 2012.
The service will enable drivers to pay for fuel by tapping their Interac Flash debit card against a contactless reader installed at the pump. Cardholders will also be able to use the cards to buy a variety of other products and services inside Petro-Canada stores.
According to Interac, this marks the first contactless debit technology to be offered in Canada.
Interac Flash debit cards feature a dual-interface microchip that allows for both low-value contactless transactions and EMV chip card payments. Transaction and card limits are set by financial institutions, and no PIN entry is required if the sum is below a certain amount, says Interac.