Do you all think today's announcement will help or hinder our ability to pay with your phone in Canada? While it's true that we haven't been able to pay for things with our NFC enabled phones today's announcement allows Rogers customers with a Blackberry to pay for things using their CIBC credit card.
You got to start somewhere right? The thing is, what about customers on other TELUS/Bell/etc? What about people with NFC enabled Android devices? And what about Canadians who don't have a CIBC account?
While today's announcement is very exciting, I'm worried that in the future it could mean you need to have a Rogers phone if you want to leave your CIBC credit cards at home. Since Rogers/CIBC choose to work together instead of with a group does this mean you'll need a Bell phone if you want to use TD and a TELUS one if you have Bank of Montreal?
Of course, I can see why Rogers is so quick to jump on this. They don't want a 3rd party stepping in. I mean what's to stop a group from cutting out Rogers entirely and working directly with mobile phone manufacturers or worse yet: what if VISA/MC/AMEX work directly with the phone manufacturers.
Payment processing is a huge pie and I'm sure everyone wants a piece. The problem is; customers will be inconvenienced if they have go jump through hoops for their piece. Let's hope things don't get too complicated.
Credit card alternatives have been floating around for a while: Gas station quick pay chips, transit presto cards, etc. It goes without saying that the dust has not cleared yet.
The only thing for certain, is that today is just a stepping stone to a broader collaboration between the Canadian wireless industry and the Canadian banking industry.