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Esso and RBC Royal Bank team up to offer Speedpass with debit
| Calgary, AB,
March 1, 2006
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Esso has expanded its Speedpass technology for customers who bank with RBC
Royal Bank. The new Speedpass with debit capability will enable RBC Royal Bank
Client Card holders to instantly pay for purchases at Esso retail outlets from
their RBC account without using their actual card. Esso is the only retail
fuels provider in Canada to offer transponder technology for debit cards.
Speedpass with debit is linked to RBC’s Client Card so that customers don’t
have to use the actual card to pay. They point the key tag at the pump or in
the store, select the account and enter their PIN, and the amount is
automatically debited from their chosen account.
"We
are excited about this enhancement to our successful Speedpass transponder
technology and are pleased to be able to offer Speedpass with debit to RBC
Royal Bank Client Card holders. For our credit card customers, Speedpass has
been an important part of the Esso retail offer since 2001. To now introduce
Speedpass with debit, with all its benefits of convenience, security and
rewards, is an example of our continuing commitment to improving our retail
offer for Esso customers,” says Simon Smith, VP and General Manager of Fuels
Marketing for Imperial Oil Limited. “By joining with RBC Royal Bank, this
service will benefit their customers as well as ours.”
Speedpass is a secure way to make a purchase. There is no personal, credit or
bank account information stored on the Speedpass key tag. Every time Speedpass
with debit customers make a purchase, their PIN is required. Different colored
key tags will help customers distinguish between credit and debit – black for
credit and blue for the new Speedpass linked to RBC Client Cards.
“This new feature offers our customers another payment option at the pump or
in the store. It’s like using our Client Card without the card,” said Doug
Collins, VP, Consumer Accounts and Payment Services, RBC Royal Bank. “We’re
pleased to be the first Canadian financial institution to offer our customers
this safe, convenient method of payment that can help them get on their way as
quickly as possible.”
Speedpass can be used at
all participating Esso-branded retail stations and On the Run stores across
Canada. For more information visit
www.speedpass.ca.
About Esso
Imperial
Oil has been a proud part of energy leadership in Canada for 126 years. Since
1880, the company has built a reputation for being an innovator and industry
leader as one of Canada’s largest producers, refiners and marketers of
petroleum products and petrochemicals. The company’s focus on innovation and
operational excellence, combined with its commitment to safety, environmental
responsibility and the community has made Imperial Oil and Esso trusted names
in Canada.
About RBC Financial Group
Royal
Bank of Canada (TSX, NYSE: RY) uses the initials RBC as a prefix for its
businesses and operating subsidiaries, which operate under the master brand
name of RBC Financial Group. Royal Bank of Canada is Canada’s largest bank as
measured by market capitalization and assets, and is one of North America’s
leading diversified financial services companies. It provides personal and
commercial banking, wealth management services, insurance, corporate and
investment banking, and transaction processing services on a global basis. The
company employs approximately 70,000 full and part-time employees who serve
more than 14 million personal, business and public sector clients through
offices in North America and some 30 countries around the world. For more
information, please visit www.rbc.com.
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