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Toyota Financial Service Corporation via its U.S. subsidiary "Toyota Motor Credit Corporation" owns Toyota Financial Savings Bank, an ILC chartered bank in Henderson, NV. TFS offers its customers financial services that include auto sales financing, credit cards, retail sales of corporate bonds and investment trusts, and insurance.
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Toyota Motor North America (TMNA) is the operating subsidiary that oversees all operations of the Toyota Motor Corporation in Canada, Mexico, and the United States. Its operations include research and development, manufacturing, sales, marketing, after sales and corporate functions, which are controlled by TMNA but sometimes executed by other subsidiaries and holding companies.
The Canadian Payments Association reported that in 2012, cheque use in Canada accounted for only 40% of total financial transactions. [53] The Interac system, which allows instant fund transfers via chip or magnetic strip and PIN , is widely used by merchants to the point that few brick and mortar merchants accept cheques.
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