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Contactless payments 'coming to Canada'
10 Nov 2009

Contactless debit card payments could soon be widely available in Canada thanks to a new innovation from Interac.

The debit system is celebrating the 25th anniversary of its pin-based network and has announced a number of new developments for the coming years.

In addition to driving the movement towards chip and pin debit cards in Canada, plans are also underway to create a contactless payment option.

Calling contactless technology "a fast and convenient payment alternative to cash for everyday small purchases", the card firm noted in a press statement that its partnership with Inside Contactless will help make this move possible in 2009.

Last week, the Forum of Private Businesses noted it had made some changes as firms move towards a cashless society.

Firms will now be able to use Accept Cards to help company bosses locate alternative credit card merchant services and cut the costs associated with taking card payments.