RIM just got a big vote of confidence in their home town with CIBC and Rogers Communication launching their new NFC based payment system starting with BlackBerrys only. The solution will allow Rogers BlackBerry owners with NFC capable devices to pay anywhere that contactless credit card payments are already accepted. They are starting off with NFC BlackBerrys including the Bold 9900, Bold 9790 and Curve 9360 starting later this year and in the future will expand to Android and possible iOS when it supports NFC.
Some of the key features include:
- Full access to a client’s existing CIBC credit cards on their smartphone at no extra cost – whether Visa or MasterCard – this gives clients the opportunity to earn loyalty points on purchases as they do today.
- Multiple layers of security – Paying with your NFC-enabled smartphone will be as secure as using your credit card today. Clients will receive the same fraud protection they do with their contactless credit card, and secure encryption technology will add to the layers of security already in place on credit card purchases. Clients will also have the option to set additional password protection.
- No "stickers" on your phone – this new payment capability will leverage the secure SIM card inside a mobile device for payments, meaning clients can manage their credit card credentials on a secure platform, and won’t need to worry about stickers attached to their phone.
Check out the full announcement here at the CIBC website. Thanks Frank for sending this one in!