News
Major Canadian payment processors support American Express chip cards
American Express has struck agreements with major payment processing providers, Chase Paymentech, Global Payments and Moneris Solutions to rollout American Express Chip & PIN services for Canadian merchants and Cardmembers.
"American Express has made significant investments to ensure that our Canadian network is ready for Chip technology. Many merchants and processors have already upgraded to Chip & PIN for American Express and our Cardmembers from international markets are using Chip & PIN at thousands of merchant locations across Canada today," said Howard Grosfield, President and CEO, Amex Bank of Canada. "As a global leader in emerging payments products, we are able to leverage our international experience to ensure a smooth transition for our merchants and Cardmembers, so they can take advantage of the added security features that Chip cards provide."
As a global card issuer and acquirer of payment transactions, American Express has extensive experience in Chip & PIN technology and has been investing in Chip & PIN capability for more than a decade. American Express Chip Cards are currently issued in over 25 international markets.