CIBC and Rogers unveil mobile payments in Canada

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CIBC and Rogers Communications have agreed ‘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 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 commercially available mobile payments to Canadians that leverages the secure SIM card inside an Rogers smartphone. This 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).

“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. “By teaming with Rogers, CIBC clients will soon enjoy the convenience of paying at the checkout with their mobile device while enjoying the existing benefits of their CIBC credit card, including loyalty rewards.”

“Canadians are embracing new technologies at an accelerated pace and we know they’re interested in using their smartphone for mobile payments,” said Rob Bruce, president of Communications, Rogers Communications.

“We’ve been laying the foundation for mobile commerce and the ecosystem is ready to give Canadians the convenience, security, and peace of mind they deserve,” said Bruce. “Today’s announcement with CIBC represents an important first step toward a whole new world of mobile transactions which is a key growth area for the company.”