Canada: Rogers and CIBC to Commercially Launch NFC Payment Service
Consumers will be able to tap to pay with the CIBC mobile credit cards at tens of thousands of Visa payWave and MasterCard PayPass point-of-sale terminals in Canada for up to C$50 (US$50.28) without a signature. The service should work on payWave and PayPass terminals elsewhere, as well. Besides being a customer of CIBC, they will also have to be subscribers of Rogers and will need an NFC SIM supporting Rogers’ suretap NFC wallet service. Rogers is charging subscribers C$12.99 (US$13.05) for the new SIM cards.
An NFC mobile-payment launch in Canada has been widely expected this year, with the country boasting one of the highest usage rates of contactless cards and among the highest penetration of contactless POS terminals; and with Rogers an early backer of NFC technology. Canadians appear to be taking to contactless card payment more than in most countries. MasterCard has said 10% of transactions with MasterCard-branded cards are contactless in Canada. Since 2005, Canadian consumers have conducted more than 240 million PayPass credit transactions with contactless cards or stickers, by far the highest number of contactless credit transactions of any country during the period, according to MasterCard. By one estimate, contactless point-of-sale terminals make up 20% of total POS terminals in the country.
* Trusted Service Manager: Defined loosely to include companies or other organizations securely distributing, provisioning and managing applications, generally over the air, on secure elements in NFC mobile phones; or licensing their platforms for this purpose.
N/A: Not available or not applicable.
Last update: Nov. 2012