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CIBC, Rogers unveil future of mobile payments

May 22, 2012 - All News

Staff Report
CIBC and Rogers Communications have announced an agreement to launch Canada’s first joint mobile payment solution, allowing Canadians to pay with their CIBC credit card at the checkout counter using their Rogers “Near Field Communications” (NFC) enabled smartphone.
Beginning later this year, customers will be able to use this payment capability at merchants across Canada where contactless credit card payments are accepted.
This announcement represents the first time a bank and a wireless carrier have joined forces to offer a commercially available mobile payments solution to Canadians that leverages the secure SIM card inside an NFC-enabled Rogers smartphone.
This new solution aligns to guidelines announced by the Canadian Bankers Association for mobile payments in Canada, as well as those developed by respected international associations such as the GSM Association (GSMA), the association of mobile operators and related companies dedicated to standardizing and supporting GSM technology.
“As the leader in delivering mobile financial services innovations in Canada, we are pleased to introduce yet another innovation in the market that will shape the payments experience of the future,” commented David Williamson, senior executive vice president, Retail and Business Banking, CIBC.
Added Rob Bruce, president of Communications, Rogers Communications: “Canadians are embracing new technologies at an accelerated pace and we know they’re interested in using their smartphone for mobile payments.”
For details visit www.cibc.com, and www.rogers.com

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