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Source: Visa, 29 September 2009

Canadaian drugstore chain Jean Coutu introduces Visa payWave

Visa (NYSE: V) announced today in Canada that The Jean Coutu Group, one of Canada's leading drugstore chains, is the latest retailer to offer its customers the speed and convenience of Visa payWave contactless payments.

With Visa payWave, customers can simply "wave and go" when purchasing everyday items like the high quality health, hygiene and beauty products found in Jean Coutu stores.

"Moving through the check-out more quickly has obvious benefits for drugstore shoppers, whether they're popping into the store for one or two items, or browsing through the aisles looking for new products," said Mike Bradley, Head of Products, Visa Canada. "We're happy to have The Jean Coutu Group on board as our first Visa payWave-enabled chain of drugstores."

"We're always interested in giving our customers the best experience in our stores", says Michel Boucher, Chief Information Officer at The Jean Coutu Group. "Now we can offer our customers a faster, more convenient way to pay with Visa payWave."

Jean Coutu locations in Canada will be equipped with Visa payWave terminals to help increase speed at the cash register, which is an important feature in a busy drugstore.

The use of Visa payWave enabled Visa cards and point-of-sale terminals in Canada is closely aligned with Visa Canada's migration to chip card technology. Visa employs a layered approach to its fraud prevention efforts, meaning both the payWave card and the terminal have built-in measures to help heighten security efforts.

 
   
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