Rogers and CIBC announce Mobile Payment Solution

Yes, completely. I heard something on the news (radio) this morning that the major banks support payment integration with smartphones and are working with the cellular industry to setup something akin to Interact.

Yes. Here's a quick link providing general details of the mobile wallet...

http://mobilesyrup.com/2012/05/14/of...lesyrup.com%29


Sent from my Galaxy Nexus using HowardForums

http://mobilesyrup.com/2012/05/15/ro...lesyrup.com%29

Sent from my Galaxy Nexus using HowardForums

Lol,
I use neither!

Will be cool once this becomes the norm.

Originally Posted by Treatz

Lol,
I use neither!

Rogers is PRO

Originally Posted by Maverick_6453

http://mobilesyrup.com/2012/05/15/ro...lesyrup.com%29

Sent from my Galaxy Nexus using HowardForums

? WIRC>...is that your brother????

And btw...lol @ RIM Plug. Suddenly BBs become 'cool' again. LOL. Just when they were dead in the water, suddenly a glimmer of hope for head-way in this emerging novelty segment.

When the novelty of stealing cellphones has waned.....suddenly it becomes the 'cool' thing to do for trouble-makers once again-now with the added bonus of making some novelty payments with the account.

Isn't everyone a baller and will just set high values to prompt a pin? The whole point is 'ease of use'. Nobody sets a pin for paypass, so why would they for their cellphones? Unless....people actually start using their heads a bit more.

Not related BBT

Just saw the video on mobilesyrup. To be honest it doesn't look that useful. I'm sure I can whip out my mastercard paypass much faster then I can get out my phone, draw my unlock pattern, open up the mobile payment app, enter my PIN and select my preferred card.

Oh come on Blackberry only,
Go to a Rogers Plus store Blackberries are flying off the shelves.

When it does not catch CIBC will say, see we tried and nobody was interested.

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 for customers.

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.

Meh. I'd rather use Google Wallet. Seriously thinking of rooting my Nexus S (it's out of warranty already) and sideloading Google Wallet.

Originally Posted by TadMorose

Meh. I'd rather use Google Wallet. Seriously thinking of rooting my Nexus S (it's out of warranty already) and sideloading Google Wallet.

I wouldn't use Google Wallet with a rooted phone, chance of data being stolen increase 100 fold.

Why do you say that

Sent from my HTC One X

Originally Posted by WorldIRC

Why do you say that

Sent from my HTC One X

Same reason the PayPal app on iOS says not to use it if your iPhone is jailbroken. Removing the security layer allows for effectively uncontrolled inter-app interactions. Sandboxing and runtime restrictions are pretty much gone.

I don't see the point of this if it's just to use credit card information as payment. I always thought this mobile wallet thing was so your cell phone bill got charged in case you don't have your debit or credit card, but if it's just using your Credit Card info anyway, why not just use your credit card? Not nearly as great as I thought this was going to be.

Originally Posted by Howmander

I don't see the point of this if it's just to use credit card information as payment. I always thought this mobile wallet thing was so your cell phone bill got charged in case you don't have your debit or credit card, but if it's just using your Credit Card info anyway, why not just use your credit card? Not nearly as great as I thought this was going to be.

It looked for a while like there would be different flavours. There was talk of the model you mentioned, where it gets charged to your cell bill, talk of Apple doing it via your iTunes/iCloud account and then the model introduced this week, where it bills to your credit card. I figure the account that it gets charged to isn't all that important. I expect the standard will allow the app you open to to determine where the bill ends up. Perhaps some will allow you to have multiple options to select at payment time. Not certain though.

All I want is a app I can transfer my funds and then use it to pay via NFC... I rather like google wallet than that cibc crap.


Sent from iPhone 4S

Originally Posted by big samm

All I want is a app I can transfer my funds and then use it to pay via NFC... I rather like google wallet than that cibc crap.


Sent from iPhone 4S

Have you fully read what the CIBC app can do? Use your banking app to make payments to your CC account and boom 2 business days that account has it - I'm sure CIBC Customers have their transactions for clients with accounts process immediate payments to their branded-Visa/MasterCard accounts. Not that hard to do really.

BB has proven security layer, despite their image currently in the mobile space. They've been testing NFC for almost 5-6yrs now, almost as long as these various payment systems. GoogleWallet ... I'm trusting that with a 49 1/2 foot pole with their infancy and lack of security (there have been reports of issues even without jailbreaking) - yet its gaining traction.

Besides, BB still holds the majority of corporate users - at least in Canada vs any platform and of those corporate users - the ones with serious $$ and lots of corporate credit cards (our co. has Amex) this is a big move for RIM. Advertising has to be BIG by RIM+Rogers+CIBC ... I'm sure a kick back from the CC company's is bound to happen so not much lost in a qtr time period for expensive advertisement (expense it).

We'll see what comes of this.

Great news!! If we able to use CIBC credit cards to pay for thing through the NFC feature on mobile. Yes then mobile will be like a wallet. Great!!