Many Canadians are looking for ways to reduce physical interactions and touching shared surfaces like payment terminals. We know how important it is to ensure frictionless payments while also minimizing touch points. So we worked diligently with our card brand partners at American Express®, Visa® and Mastercard® to increase the credit card tap limit to $250 as of April 8, 2020.1
Contactless payments help protect customers and staff
Less physical interaction with payment terminals is just one way of safely doing business during the COVID-19 pandemic. We’ve already enabled more than 50,000 merchant terminals to accept the increased card contactless limit of $250. Our monitoring of select retail locations shows almost 40% of transactions between the old $100 limit and the new limit of $250 are using tap – that’s about the same as the usual contactless rate for transactions under $100!2
We're in this together
Moneris is proud to support Canadian businesses like yours during this unprecedented time. Please visit our COVID-19 Update page for more information, and be sure to follow us on Twitter and Instagram.
1 The $250 credit card tap limit only applies to American Express, Visa and Mastercard.
2Based on Moneris transaction information at four major national retailers during the period of April 8 to April 24, 2020.
AMERICAN EXPRESS is a registered trademark of American Express Company. VISA is a trademark owned by Visa International Service Association and used under license. MASTERCARD is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
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