Canada’s TD Bank Group has added support for host card emulation (HCE) based mobile payments to the TD Mobile Payment application that it launched in May 2014. The service is the first in Canada to make use of Visa’s tokenization technology, the bank says.
“All that is required is a personal TD credit card loaded on an Android phone running KitKat version 4.4 or higher,” TD says. “Purchases can be made by holding your smartphone over the merchant point of sale terminal for a few seconds.
“Choose which TD credit card to use for each purchase or set a default TD credit card that is automatically charged for every purchase — it’s up to you. You can use TD Mobile Payment for small purchases at merchants like drugstores, coffee shops and restaurants who support contactless payments.”
A video gives an overview of TD Mobile Payment:
“We continually look for opportunities to elevate the digital experience for our customers,” says Rizwan Khalfan, chief digital officer at TD. “The adoption of Visa’s tokenization solution allows us to deliver a faster, simpler and more accessible mobile payments experience, backed by a secure technology developed by a global leader in payments.”