CIBC and Rogers today announced they have completed the first point-of-sale mobile credit card transaction in Canada using the secure SIM card inside an NFC-enabled smartphone.
The payment was completed using CIBC Mobile Paymentâ„¢ App on a BlackBerryÂ® smartphone from Rogers.
As the rollout to clients begins, the new CIBC Mobile Payment App will initially be available on two smartphones on the Rogers wireless network â€“ the BlackBerryÂ® Boldâ„¢ 9900 and BlackBerryÂ® Curveâ„¢9360, beginning November 16th 2012. As of today, NFC SIM cards required to access the solution on Rogers suretapâ„¢ ready devices can be ordered online. Additional suretap-ready devices will support the solution in 2013, including Android and Windows Phone 8 platforms, broadening the offer to more Canadians.
NFC payments will be available to CIBC credit card clients using a Rogers smartphone, allowing them to pay for coffee, groceries, and other everyday purchases simply by holding their smartphone up to one of the tens of thousands of contactless payment terminals at merchants across Canada.
The new mobile payments capability from CIBC and Rogers means clients will be able to pay with their CIBC credit card, whether Visa or MasterCard, without retrieving the plastic card from their wallet or purse. The CIBC Mobile Payment App will be accepted at the tens of thousands of Visa payWaveâ„¢ and MasterCard PayPassâ„¢ contactless terminals across Canada and around the world.
â€œWeâ€™re pleased to make history in mobile commerce in Canada by completing the countryâ€™s first mobile credit card transaction,â€ said David Williamson, Senior Executive Vice-President and Group Head, Retail and Business Banking, CIBC
â€œIn a few years, a mobile wallet will be as common as a camera on a smartphone. The opportunity in mobile payments for our business is just getting started â€“ our vision is to take the millions of cards Canadians carry today and to make them instantly accessible and secured on the SIM card of a smartphone,â€ noted Robinson.
Read more at NFCWorld.ca