The new mobile payments functionality from CIBC and Rogers is set to be available to CIBC credit card clients who use a Rogers smartphone and allow them to pay with their CIBC credit card, whether Visa or MasterCard. In order to pay for purchases, consumers need to by hold their Rogers BlackBerry smartphone up to a contactless payment terminal and the payment will be automatically charged to their CIBC credit card.
The CIBC mobile payment app is set to be accepted at Visa payWave and MasterCard PayPass contactless terminals across Canada.
In recent news, Rogers has team up with Dutch digital security company Gemalto. Under the deal, mobile payment services currently being pilot tested and coming to market in 2012 on Rogers NFC-enabled devices are set to be secured by digital security technology from Gemalto.
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