TD Canada Trust Lends Credence to Apple Pay Launch in Canada Next Month

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Original poster
Apr 12, 2001
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Just one month before Apple Pay is rumored to launch in Canada, large bank TD Canada Trust briefly provided evidence of the forthcoming launch by prematurely listing the iPhone-based mobile payments service as a method of payment on its website, as spotted by blog iPhone in Canada. The link has since been removed.

Apple Pay was briefly listed under "Ways to Pay" at the bottom of TD Canada Trust's website, but the link now leads to a blank page. When it was live, the page said that Apple Pay will soon support TD Canada Trust debit and credit cards, with purchases subject to a $100 transaction limit like other contactless payments in Canada.


In April, The Wall Street Journal reported that Apple was in negotiations with the Royal Bank of Canada, TD Canada Trust, Scotiabank, Bank of Montreal, CIBC and National Bank of Canada about a potential November launch of Apple Pay in Canada. The six financial institutions combined account for more than 90% of Canadian bank accounts.

Apple Pay launched in the United States last October, and expanded to the United Kingdom in July.

TD Canada Trust has around 11 million customers in Canada.

Article Link: TD Canada Trust Lends Credence to Apple Pay Launch in Canada Next Month
 

salamence502

macrumors member
Sep 29, 2007
48
39
I wonder if the Visa-only limitation is only for TD, or if it'll be for all Canadian banks on launch. A lot of people only have MasterCards, so that could be troublesome.
 
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mxmgodin

macrumors member
Oct 22, 2014
74
92
Toronto, ON
Excellent! I'll probably go get a 6S the moment this is officially announced for Canada (given that my bank will support it). No Apple Pay in Canada is pretty much the last reason I'm still holding onto my 5S (which is still perfectly functional).
 

DeepIn2U

macrumors 603
May 30, 2002
6,052
1,627
Toronto, Ontario, Canada
Interestingly enough Apple has an account with TD already:
Hello, I am not a TD client, however, I have recently applied for Apple Financial Services, which I have noticed is handled by TD.
http://www.td.com/to-our-customers/tdhelps/#psce|cid=871|lid=1|tid=001|vid=a022c2435


To obtain information about your account with Apple financed by TD Financing Services, please contact TD Financing Services at 1-866-508-6312.
http://www.td.com/to-our-customers/tdhelps/#psce|cid=871|lid=1|tid=001|vid=b03288f1e

So on TD's mobile payment site there is only their system for payments and mentioning of compatible devices .. which only are Blackberry and Android phones. Yet at the bottom there is mention of Apple and Apple store as trademarks of Apple, yet no where else in the video or for the mobile payment references is there mentioning of Apple being compatible nor Apple at all. This is being done.

Only Apple Store is mentioned for the TD app here:
https://www.tdcanadatrust.com/products-services/banking/electronic-banking/mobile/mobile-index.jsp
 

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JeffyTheQuik

macrumors 68020
Aug 27, 2014
2,480
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Charleston, SC and Everett, WA
Whoo hoo! Congrats to you in Canada!

I know I've said it before, but my experience in Canada was that the people are very nice and helpful when we had a problem with our debit card (no chip, only PIN) working there over the summer. I then remembered that my phone had :apple:Pay on it, and used that at London Drug.

Have fun with Apple Pay!
 
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V.K.

macrumors 6502a
Dec 5, 2007
562
236
Toronto, Canada
This is great news! As solid a confirm as one can get without an official announcement. I am just surprised they are keeping it so quiet. Apple Pay in UK was announced about a month in advance I think.
 
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GristlyBear

macrumors newbie
Jan 24, 2012
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When it was live, the page said that Apple Pay will soon support TD Canada Trust debit and credit cards, with purchases subject to a $100 transaction limit like other contactless payments in Canada.
There is no monolithic $100 transaction limit. What does exist is a merchant limit with their own credit card processor. This limit varies by merchant. The IGA I went to had a $100 limit on tap. A local boucherie in the same shopping mall had no limit whatsoever - I charged $300 there via ApplePay.

On the US side of the border there are even fewer limits on ApplePay. I charged $500.00 at the Apple Store and $5,500.00 for a car down payment using ApplePay.
 

xero9

macrumors 6502a
Nov 7, 2006
848
480
There is no monolithic $100 transaction limit. What does exist is a merchant limit with their own credit card processor. This limit varies by merchant. The IGA I went to had a $100 limit on tap. A local boucherie in the same shopping mall had no limit whatsoever - I charged $300 there via ApplePay.

On the US side of the border there are even fewer limits on ApplePay. I charged $500.00 at the Apple Store and $5,500.00 for a car down payment using ApplePay.
Only in the US is there no contactless payments at 99% of the places people go on a daily basis (grocery store, coffee shop, electronics store, etc), but a car dealership? You bet!
 

wolfshades

macrumors 6502
Nov 1, 2007
404
507
Toronto, Ontario Canada
Only in the US is there no contactless payments at 99% of the places people go on a daily basis (grocery store, coffee shop, electronics store, etc), but a car dealership? You bet!
Yeah, what's up with that? I went for a visit to NYC and noticed that even my debit card was pretty much useless to me everywhere. Cash is still king in the U.S. apparently. At least for retail stores and coffee shops anyway.
 

V.K.

macrumors 6502a
Dec 5, 2007
562
236
Toronto, Canada
There is no monolithic $100 transaction limit. What does exist is a merchant limit with their own credit card processor. This limit varies by merchant. The IGA I went to had a $100 limit on tap. A local boucherie in the same shopping mall had no limit whatsoever - I charged $300 there via ApplePay.

On the US side of the border there are even fewer limits on ApplePay. I charged $500.00 at the Apple Store and $5,500.00 for a car down payment using ApplePay.
There are two different things involved here. Newer NFC payment terminals can be set up so that there is no (or very high) transaction limit on Apple Pay purchases because the transaction is authenticated via touch id on the phone. But this requires the terminal to be set up so that it recognizes that you are paying with Apple Pay and not some random contactless credit card. I am quite sure that your car down payment and your Apple Store payments were done via one of those. But older NFC terminals (or newer ones not specifically configured for Apple Pay) will still work with Apple Pay but will treat it as a regular contactless cedit card. All those have fairly low transaction limits (usually no more than 100$) to mitigate against fraud because paying with a contactless credit card does not involve any authentication.
 
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kdarling

macrumors P6
... Newer NFC payment terminals can be set up so that there is no (or very high) transaction limit on Apple Pay purchases because the transaction is authenticated via touch id on the phone. But this requires the terminal to be set up so that it recognizes that you are paying with Apple Pay and not some random contactless credit card.
Good point about the update requirement for terminals to support new standards for on-device cardholder verification flags.

However, it is a generic update usable by any mobile payment method. It is not specific to Apple Pay, although Apple Pay is the first to take advantage of it.

Terminals themselves do not care (or even know) what mobile wallet is being used, which is why Apple Pay works on most any contactless terminal.
 
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john991

macrumors 68020
Sep 30, 2014
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Ontario
Good point about the update requirement for terminals to support new standards for on-device cardholder verification flags.

However, it is a generic update usable by any mobile payment method. It is not specific to Apple Pay, although Apple Pay is the first to take advantage of it.

Terminals themselves do not care (or even know) what mobile wallet is being used, which is why Apple Pay works on most any contactless terminal.
Well Tim Cook will be on wsjd oct 19th @ 11:30 EST. Either he'll announce Apple Pay in Canada them or Apple will announce it at the payments conference coming up Oct 25th.