First Data's pre-paid solution to enable Tim Hortons Quickpay Tim Card™
TORONTO, November 20, 2007 - First Data, a global leader in electronic commerce and payment services, announced today that it has signed an agreement with Tim Hortons®, Canada's largest quick service restaurant chain, to provide transaction processing for its new convenience card program called Quickpay Tim Card™.
The Quickpay Tim Card is a pre-paid, re-loadable cash card that can be used to pay for purchases both in-store and at the drive thru at participating Tim Hortons stores. Tim Hortons recently launched the Tim Card at participating locations throughout Canada.
First Data will provide transaction processing and will manufacture the cards. Tim Hortons' prepaid solution will also feature connectivity via the Datawire transport network. The Datawire network, owned and operated by First Data, has become the standard in the payments industry for point-of-sale connectivity via the Internet.
"We are pleased to partner with Tim Hortons as they launch Tim Card," said Peter Harrington, President, Latin America and Canada, First Data International. "We are committed to providing our clients with tailored solutions that fit their business. This gift card solution gives merchants of all sizes the ability to increase sales, strengthen customer loyalty and enhance promotional activities, while providing their customers with a convenient method of payment."
"First Data provides a solid solution, has the market experience and can deliver the capabilities that Tim Hortons needs," said David Clanachan, EVP, Training, Operations Standards, R&D and Quality Assurance, Tim Hortons. "The flexibility of First Data's cash card solution will allow us to successfully launch our Tim Card program."
About First Data
First Data Corp. is a leading provider of electronic commerce and payment solutions for businesses worldwide. With operations in 38 countries, First Data serves over 5 million merchant locations, 1,900 card issuers and their customers. It powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company's portfolio of services and solutions includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; receivables management solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at 2.1 million ATM and retail locations. For more information, visit www.firstdata.com.
About Datawire
The Datawire Network is a distributed transaction transport network which has emerged as the de facto standard for public Internet Point-Of-Sale (POS) connectivity for merchants. First Data acquired Datawire in February of 2007. The patented VXN technology has been architected to provide secure, reliable, consistent and rapid transaction transport. The Datawire network has been in service for over 5 years and has transported billions of transactions, servicing at present approximately 100,000 merchant locations worldwide.
About Tim Hortons Inc.
Tim Hortons is the fourth largest publicly-traded quick service restaurant chain in North America based on market capitalization, and the largest in Canada. Tim Hortons appeals to a broad range of consumer tastes, with a menu that includes coffee and donuts, premium coffees, flavored cappuccinos, specialty teas, home-style soups, fresh sandwiches and fresh baked goods. As of September 30, 2007, Tim Hortons had 3,110 system-wide restaurants, including 2,758 in Canada and 352 in the United States. More information about the Company is available at www.timhortons.com.
Contact:
Julie Holan, First Data International, +1.321.263.3838 julie.holan@firstdata.com
