Interac Now Available on Android Pay
Canada’s leading payment brand Interac Debit will now be available on Android Pay.
“We’re excited to bring the simplicity and security of mobile payments to Interac Debit customers with Android Pay,” said Pali Bhat, vice president of Payment Products at Google. “Starting today, people will be able to use their Android device to pay at hundreds of thousands of contactless payment terminals in Canada.”
Like Apple Pay and other mobile wallets, Android Pay is more secure as it uses a unique token to pay for goods and services instead of a shopper’s payment card information. If a user’s phone is ever lost or stolen, they can lock the device using Google’s Find My Device feature, reset the password or erase all information from the phone.
Mobile wallets can help protect consumers’ payment card details, as criminals are routinely able to hack payment terminals as they recently did at Chipotle. Nearly all of the chain’s roughly 2,250 locations were breached when hackers installed malware on the payment network. Once the malware was installed, the criminals could access customers’ payment card numbers, verification codes and expiration dates. If a shopper had used a mobile wallet, the criminals would not have been able to access this data.
“We’re excited to bring Interac Debit on Android Pay to Canada,” said Debbie Gamble, VP, Digital Product and Platforms, Interac Association and Acxsys Corporation. “The launch of Android Pay is another example of how we are working to accelerate the growth of digital payment experiences in Canada through secure, tokenized digital debit transactions.”