Topic “CIBC”

Samsung Pay Launches Quietly in Canada with ‘Early-Access’ Service from One Major Bank, CIBC

NFC Times Exclusive Insight – One of Canada’s big five banks, CIBC, launched Samsung Pay this week, making its Visa-branded credit cards available as part of an “early-access” launch that Samsung itself hasn’t yet announced.

Apple Breaks Resistance of Big Five Banks in Canada; Debit Scheme Interac among TSPs to Tokenize Cards

NFC Times Exclusive Insight – Apple has cracked the big five banks in Canada, with two of the country’s largest banks, including Royal Bank of Canada, today announcing they are participating in Apple Pay, with the three others to follow.

Canadian Telcos Refuse to Give up On SIM-Based NFC, Though Many Challenges Lie Ahead

NFC Times Exclusive Insight – The head of the Canadian telco joint venture Suretap Wallet told NFC Times that this week’s launch of the telco’s new wallet service was not prompted by the expected expansion of Apple Pay into Canada later this year.

Canada’s Desjardins Expects Gradual Adoption of New SIM-Based NFC Payments; Interested in HCE

Quebec-based credit union Desjardins says that it expects gradual, or what it calls “progressive,” adoption of the SIM-based NFC mobile payments service, which it launched commercially this week, following an earlier soft launch.

Canada Sees More NFC Commercial Launches with SIMs, but Market Remains Unsettled

Jul 15 2014

NFC Times Exclusive: With its high rate of smartphone ownership, strong contactless-payment infrastructure and well-developed NFC ecosystem, Canada is increasingly seen as a market to watch for NFC commercial deployments.

Canadian Telco Joint Venture EnStream Expands TSM Offer Via BlackBerry Deal

Canadian telco joint venture EnStream has signed a new three-year deal with BlackBerry, as it expands its TSM service into provisioning secure payment applications for Canadian banks.

Another of Canada’s Major Banks Launches NFC Payments

Canada’s TD Canada Trust today announced the launch of its NFC-enabled TD Mobile Payment service, a Visa-branded credit application, which will be available on NFC SIM cards issued by all three of Canada’s major mobile operators.

Canadian Debit Scheme and Bank Demo NFC Application in BlackBerrys

Canadian debit network Interac, along with the Royal Bank of Canada, McDonald’s Restaurants of Canada and BlackBerry demonstrated what Interac billed as the first NFC-enabled debit transaction in Canada.

RIM Pushes TSM Services to Telcos in Competition with SIM Suppliers

Research In Motion continues to promote its own trusted service management service–the only handset maker to offer one–announcing Wednesday approval by Visa of the service to manage secure elements on NFC phones.

UPDATED: Canada: CIBC Expands NFC-Payments Service to All Three Major Telcos

Scope: 
Rollout
Status: 
In progress
Launch: 
Nov 2012
Main Application: 
Payment
Users: 
N/A

Canadian Imperial Bank of Commerce, or CIBC, was the first major bank in Canada to launch NFC payments, with telco Rogers, in late 2012.

HEADLINE NEWS

Exclusive: Two More Polish Banks Prepare to Launch HCE Payments

Nov 24 2016

NFC Times Exclusive – Two more Polish banks plan to launch mobile payments using host card emulation technology, NFC Times has learned, adding to a growing list of mobile payments services in Poland, which saw the launch of its first “Pays” service last week with the introduction of Android Pay.

Android Pay Launches in Contactless Hot Spot Poland, but Cards from Only One Major Bank Available to Start

NFC Times Exclusive Insight – Google has expanded its mobile payments service into a sixth market, Poland, targeting the country’s high penetration of contactless point-of-sale terminals. In-app payments will follow, according to the search giant.

Long-Struggling OTI Makes Progress Toward Achieving Profitability; Still Refuses to Give Guidance

NFC Times Exclusive Insight – After years of effort, Israel-based contactless reader and NFC vendor On Track Innovations achieved a rare quarterly operating profit from continuing operations, thanks to cost cutting and a high gross margin, helped by a onetime licensing fee. But it still showed a net loss and the cost reductions may have bottomed out.

Citigroup Announces Citi Pay HCE App as Expected; Launch in U.S. Delayed until Early Next Year

NFC Times Exclusive Insight – As NFC Times reported a month ago, U.S.-based Citigroup is the latest bank with plans to launch an HCE-enabled mobile wallet for Android phones, “Citi Pay,” which will launch in Asia-Pacific first then in the U.S., using Masterpass technology.

Intesa Sanpaolo Expands HCE Mobile Payments Services to Five Countries

NFC Times Exclusive Insight – Intesa Sanpaolo, Italy's largest retail bank, launched its HCE-enabled mobile wallet service in a fifth market, Serbia, in October through its local subsidiary Banca Intesa Beograd and claimed a country first by deploying an HCE-based payments service branded as Wave2Pay.

Samsung Pay Launches Quietly in Canada with ‘Early-Access’ Service from One Major Bank, CIBC

NFC Times Exclusive Insight – One of Canada’s big five banks, CIBC, launched Samsung Pay this week, making its Visa-branded credit cards available as part of an “early-access” launch that Samsung itself hasn’t yet announced.

Samsung Discloses Plans for Samsung Pay Launch in Taiwan; Apple Pay Launch Expected on Island Nation Soon

Nov 9 2016

NFC Times Exclusive Insight – Samsung today disclosed plans in a local forum to launch Samsung Pay in Taiwan next year with several banks and a closed-loop payments service, iPASS, which could be used for transit fare collection. The launch is expected around the first quarter.

Samsung Seeks Global Reach for NFC Transit Ticketing But Must Overcome Tech Challenges, Lack of Standards

NFC Times Exclusive – Samsung has been considering introducing NFC transit ticketing in every market where it has launched Samsung Pay, including the U.S., an

Square Plans to Make Square Cash Available in Apple Pay Wallet to Enable Customers to Tap to Pay in Stores

NFC Times Exclusive – Payments company Square is preparing to make its Square Cash service available as a prepaid payment application for Apple Pay in the U.S., which would enable Square Cash money-transfer users to tap for purchases in stores, NFC Times has learned.

Visa Blocks Singaporean Bank UOB from Using Own TSP to Tokenize Visa Cards for Apple Pay

Nov 1 2016

NFC Times Exclusive – When United Overseas Bank in Singapore launched its mobile wallet app with host card emulation, UOB Mighty, in November of 2015, it was the first bank outside of the U.S. to use the Visa Token Service, Visa’s on-behalf-of tokenization service.

Google Chases Goal of Multichannel Mobile Payments with Both Checkout and Masterpass: How It Will Work

NFC Times Exclusive Insight – As global mobile wallet providers Google, Samsung and Microsoft race to deliver multichannel payments to stay on par with Apple, all three have chosen to add online payments to their mobile wallets by integrating with the digital platforms of one or both of the two largest U.S. payments networks, Visa and Mastercard.

Qualcomm Buys Largest NFC Chip Supplier; Tight Integration Expected to Continue with NXP’s NFC Technology

NFC Times Exclusive Insight – Seeking to expand its presence in such highly anticipated growth markets as the Internet of Things and intelligent cars, Qualcomm made good on earlier reported plans to buy Netherlands-based chip maker NXP Semiconductors, today announcing an all-cash deal worth $38.5 billion for NXP’s shares and total $47 billion including debt.