Visa Canada to Showcase Contactless Debit at Olympics in Vancouver

The Star is reporting that Visa Canada plans to showcase the first-ever "contactless" debit cards in the country during the high-profile Olympic Games in Vancouver early next year, says a leading supplier of card readers.



According to the publication, the move, believed to be a North American first, comes amid a wave of concern among merchants and small-business owners about the imminent entry by Visa and MasterCard into Canada's $168 billion debit card market. In other countries, where those global giants have introduced debit products, merchants say their processing costs have skyrocketed.



The contactless feature, called payWave, is currently offered on Visa credit cards in Canada. This would be the first time it is offered on a debit card.



Continue Reading

Related articles by Zemanta

• Visa: Let the card Games begin ... (thestar.com)


• New credit card laws threat to consumers, critics charge (thestar.com)


• Credit takes debit beating (thestar.com)


• Capping Interchange Could Hurt Consumers - The Economist (pindebit.blogspot.com)


• Canadian Debit Shakeup (pindebit.blogspot.com)