To enhance in-store transaction security and provide foundation for EMV chip acceptance.
Canadian Tire, an operator of apparel retail stores and gas stations, has implemented Postilion for Retailers to enhance in-store transaction security, improve operational management, and provide the foundation for EMV chip acceptance.
Postilion has said that its solution enables payments from Canadian Tire Retail’s 473 stores to be integrated with retail functionality at the point-of-sale (POS). All aspects of EMV chip and PIN payment processing will be handled by the integrated system, standardizing the payment capture mode across the store network. Transactions will be submitted to a centrally located payment switch for online authorization via the integrated POS.
Rick Bankes, vice president of IT at Canadian Tire Financial Services, said: Postilion has proven to be a key partner in helping us build out our payments systems strategy, and has enabled us to offer new payment methods and channels. The breadth of the Postilion solution has allowed us to address EMV compliance, while simplifying our payments infrastructure, and gives us the flexibility to meet future payments needs.
Doug Parr, general manager for payments Americas at Postilion, said: We are pleased to be a part of the successful implementation and launch of Canadian Tire’s EMV chip card acceptance program. Our opensystems payments software solution provides the agility that large retailers like Canadian Tire need in order to respond to new business functionality demands while maintaining a reliable, compliant payments systems infrastructure.