(Toronto, ON) May 15, 2012 - Visa and Tim Hortons are pleased to announce that starting today, Canadians can use Visa credit and prepaid cards to purchase coffee, breakfast, lunch or other menu items in restaurant and at the drive-thru, at any of Tim Hortons' more than 3,300 locations across Canada.
The relationship brings together Canada's biggest payment brand with Canada's most popular and largest quick service restaurant chain, providing consumers with greater choice in payment options at point of sale in addition to the speed and security Visa is known for. Tim Card cardholders may also use either Visa or Visa Debit to reload their balance online at www.timhortons.com, with Visa Debit being the ideal choice for those consumers who wish to make online purchases using funds drawn directly from an existing bank account.
"We're excited to be bringing the convenience, speed and security of Visa payments to Tim Hortons restaurants across the country," said Jim Allhusen, Country Manager, Visa Canada. "Having Canada's most popular restaurant chain accept Visa reinforces the tremendous value that comes with Visa acceptance, while meeting consumer demand for payment choice at the register."
"Tim Hortons is pleased to align with Visa to offer our guests the convenience of using their Visa card to pay for purchases in our restaurants or on our website," said Roland Walton, Chief Operations Officer, Tim Hortons. "We are committed to providing our valued guests with a wide variety of delicious menu selections and with the addition of Visa, we can now offer them an even wider variety of payment options too."
To celebrate this announcement, Visa is offering Canadians the chance to win a dream cottage getaway for an entire season. From June 28 to August 15, 2012, Visa cardholders will be automatically entered into a draw for this once-in-a-lifetime summer cottage getaway experience simply by using their Visa to pay for purchases at Tim Hortons. More information on this promotion can be found at: www.visa.ca.
Transactions made with Visa cards at the point-of-sale and online are protected by Visa's multiple layers of security. Visa continually develops new technologies and solutions to help combat fraud, including Chip and PIN, Zero Liability and Verified by Visa. More information about these security measures can be found at www.visasecuritysense.ca.
Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world's most advanced processing networks-VisaNet-that is capable of handling more than 20,000 transaction messages a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com.
Tim Hortons is one of the largest publicly-traded restaurant chains in North America based on market capitalization, and the largest in Canada. Operating in the quick service segment of the restaurant industry, Tim Hortons appeals to a broad range of consumer tastes, with a menu that includes premium coffee, espresso-based hot and cold specialty drinks including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, fresh sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including our trademark donuts. As of April 1, 2012, Tim Hortons had 4,042 system wide restaurants, including 3,315 in Canada, 721 in the United States and six in the Gulf Cooperation Council. More information about the Company is available at www.timhortons.com.