CIBC and Rogers complete the first mobile credit card transaction in Canada
Nov 05, 2012 (Menafn - TELECOMWORLDWIRE via COMTEX) --CIBC CM and Rogers RCI said they have completed the first point-of-sale mobile credit card transaction in Canada using the secure SIM card inside an NFC-enabled smartphone.
Simon Whitfield, Pan American Games and Olympic medalist, performed the credit card transaction, buying coffee at Tim Hortons using the CIBC Mobile Payment(TM) App on a BlackBerry smartphone from Rogers.
This new way to pay 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.
CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients.
Rogers Communications is a diversified Canadian communications and media company.
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