TD Canada Trust


'TD Canada Trust' Articles

Apple No Longer Offers Financing to Individuals in Canada

TD Canada Trust recently announced that the Apple Financial Services program has been discontinued for individuals in Canada. Canadians with an Apple Financial Services credit card issued by TD will no longer be able to charge purchases to the account as of July 26. Through the program, any approved customer in Canada could receive three months of same-as-cash or no-interest financing on Apple Online Store purchases of $750 or more. The program was not valid for in-store purchases. Apple removed the "consumer" section of the financing page on its Canadian website about a month ago, signaling the entire program is discontinued. Apple continues to offer financing to businesses and educational institutions in Canada. Apple continues to offer financing to individuals in the United States through the Barclaycard Visa with Apple Rewards. (Thanks, Jason!)

BMO, Scotiabank, and TD Canada Trust Launch Apple Pay in Canada

BMO, Scotiabank, and TD Canada Trust, which make up three of the five largest banks in Canada, support Apple Pay starting today. Apple Pay currently works with MasterCard and Interac at BMO, Visa and Interac at TD Canada Trust, and Visa, American Express, and Interac at Scotiabank. Eligible cards can be scanned or added manually to Apple Pay by tapping the "Add Credit or Debit Card" option in the Wallet app on iOS 8.1 or later. All three banks are now listed as participating issuers on the Apple Pay website in Canada. Meanwhile, ATB Financial and Canadian Tire Bank have added support for in-app purchases with Apple Pay on compatible iPhone and iPad models, expanding upon their existing support for in-store payments. Apple Pay is now available at all of Canada's "Big Five" banks, which collectively cover more than 90 percent of Canadian banking customers, after CIBC and RBC began supporting the iPhone-based mobile payments service three weeks ago. The banks serve over 50 million customers combined worldwide. Scotiabank direct banking subsidiary Tangerine will also support Apple Pay in the near future, according to its Twitter account. The next largest Canadian banks and credit unions that would be suitable Apple Pay candidates in the future include Desjardins and National Bank of Canada, the two largest financial institutions in Québec, along with Vancity and Meridian. None have been listed as "coming soon" on the Apple Canada website. Apple Pay can be used virtually anywhere contactless payments are already accepted in Canada, including at Apple

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

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