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June 30, 2016updated 04 Apr 2017 3:58pm

Meridian rolls out new payment platform Mobile Pay

Canada-based credit union Meridian has launched a new payment solution Mobile Pay to enable its members make purchases using their Android smartphone at any Interac Flash logo displaying retail store across the country.

By Verdict Staff

Canada-based credit union Meridian has launched a new payment solution Mobile Pay to enable its members make purchases using their Android smartphone at any Interac Flash logo displaying retail store across the country.

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Mobile Pay will be available to Meridian members, who have an Android smartphone, Meridian’s mobile banking app and Interac Flash.

Similar to using a contactless debit card in a point-of-sale (POS) transaction, Mobile Pay is supported on handsets enabled with Android V4.4 OS or later.

Meridian SVP and chief information and technology Gary Genik said: "This new mobile pay platform provides our Members with another easy, convenient and secure way to access their money.

"Meridian is excited to be among the first financial institutions in Canada to offer its members this innovative mobile service – signaling another credit union first."

The credit union has already provided its members access to Interac Flash capability on debit cards.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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