Rogers Communications and Canadian bank CIBC ushered in a new world of payments today. At an event at a Tim Hortons restaurant in Toronto, the companies formally introduced their new mobile payment scheme by having Canadian Olympian Simon Whitfield complete Canada's first ever mobile payment transaction, buying coffee at Tim Hortons, using the CIBC Mobile Payment App on a BlackBerry smartphone from Rogers.

"We're pleased to make history in mobile commerce in Canada by completing the country's first mobile credit card transaction," said David Williamson, Senior Executive Vice-President and Group Head, Retail and Business Banking, CIBC.

"Getting a coffee while you are on the go is just one example of the kind of transaction that's going to be made easier when you can pay in just seconds with a CIBC credit card on your smartphone, and we're excited about the possibilities this offers our clients," Williamson said.

The demo is the culmination of a partnership that was announced several months ago. Now the product will be rolled out to Rogers subscribers beginning November 16, 2012. The new CIBC Mobile Payment App will initially be available on two BlackBerry devices on the Rogers wireless network. It will use NFC SIM cards to store data securely and enable transactions.

The CIBC Mobile Payment App will be accepted at the tens of thousands of contactless terminals accepting Visa payWave and MasterCard PayPass transactions located not only in Canada but globally as well.

For more stories like this, visit the Contactless/NFC research center.

Related Content

User Comments – Give us your opinion!
Products & Services

iDynamo Secure Card Reader Authenticator

http://global.networldalliance.com/new/images/products/4295.png

4295/iDynamo-Secure-Card-Reader-Authenticator

mPayment

http://global.networldalliance.com/new/images/products/7033.png

7033/mPayment

Managed API Exposure

http://global.networldalliance.com/new/images/products/7051.png

7051/Managed-API-Exposure

Peer-to-Peer

http://global.networldalliance.com/new/images/products/6743.png

6743/Peer-to-Peer

IVR Billing

http://global.networldalliance.com/new/images/products/4531.png

4531/IVR-Billing

Multichannel Banking Platform - WinWebServer ( WWS)

http://global.networldalliance.com/new/images/products/6211.png

6211/Multichannel-Banking-Platform-WinWebServer-WWS

Cellum Web Checkout

http://global.networldalliance.com/new/images/products/6737.png

6737/Cellum-Web-Checkout

IPAD® PIN Transaction Device

http://global.networldalliance.com/new/images/products/4297.png

4297/IPAD-PIN-Transaction-Device

Netswipe®

http://global.networldalliance.com/new/images/products/6343.png

6343/Netswipe

Direct Operator Billing

http://global.networldalliance.com/new/images/products/6031.png

6031/Direct-Operator-Billing

VAS Show London 2014
CONNECT 2014 Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.