McDonald’s Canada announces plans to accept MasterCard PayPass® and MasterCard® chip cards
New payment options will bring greater convenience and speed to McDonald’s customers
TORONTO, June 25, 2007 – McDonald’s Restaurants of Canada Ltd. today announced plans to accept two new payment options that will give its customers a convenient alternative to cash. As early as 2008, McDonald’s will begin installing MasterCard PayPass readers and MasterCard chip card terminals in some of its 1,400 restaurants across Canada.
"We’re excited about our plans to further enhance the customer experience through these new payment options,” said Laurie Laykish, Senior Vice-President Marketing and Strategic Planning, McDonald's Restaurants of Canada Ltd. “We are always listening to our customers and responding with new innovations to meet the needs of their on-the-go lifestyles, whether it be with drive-thrus, menu choices or, in this case, more convenient payment options.”
The PayPass system is designed to enable small-ticket purchases to be completed quickly, securely and easily. Customers simply tap a PayPass-enabled MasterCard card on a PayPass reader to complete a transaction. A PayPass transaction is faster than paying by cash and designed for busy merchant environments like quick-service restaurants, concession stands and drive-thrus.
The chip card will allow customers to personally insert their card into a chip-enabled terminal and then enter a private Personal Identification Number (PIN) to complete the transaction.
“We are pleased to be working with McDonald’s to provide their customers with the Tap & Go™ convenience of MasterCard PayPass,” said Kevin Stanton, President of MasterCard Canada. “Over the next two years, the majority of merchants across Canada will have upgraded their point-of-sale terminals to be MasterCard chip-enabled and, in the right environments, PayPass compatible, offering increased convenience and security.”
About McDonald's Canada
McDonald’s is the leading foodservice company in the world. McDonald’s Restaurants of Canada Ltd. and its Canadian franchisees own and operate more than 1,400 restaurants and employ more than 77,000 Canadians coast to coast. Approximately 65 per cent of all McDonald’s restaurants in Canada are locally owned and operated by independent entrepreneurs. For more information about McDonald’s Canada, visit the company’s website at www.mcdonalds.ca.
About MasterCard PayPass
MasterCard PayPass is ideal for merchants in high-volume, small-ticket purchase businesses where speed is essential and it has led the way in bringing contactless technology to consumer categories such as quick-service restaurants, gas stations, convenience stores and movie theatres. Globally, there are nearly 14 million PayPass cards and devices issued and PayPass is currently accepted at 51,000 merchant locations. For more information about MasterCard PayPass, please visit www.mastercard.ca/paypass.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 16 billion transactions each year and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information, go to http://www.mastercard.com.
McDonald’s Canada Media Line
Jennifer Reed/Julie Wilson