- @callumsdad1 No doubt you are a real fan!!!! Good luck on the contest ^mk
Posts Tagged ‘mobile payment’
Weekend Reading: LTE to launch in Manitoba, the wallet versus smartphone battle and a live chat about TV viewing habits
Looks like it’s going to be a beautiful sunny weekend across most of Canada folks! We’re celebrating by bringing our LTE Max network to Manitoba this weekend, hosting a live chat about TV viewing on Redboard and trading our wallets for smartphones – all in this week’s edition of Weekend Reading.
Manitoba welcomes launch of Rogers LTE network
Manitoba was definitely one of the most eager provinces awaiting the Rogers LTE Max network. So we were thrilled to announce that as of this weekend our LTE Max network would be hitting the cities of Winnipeg, Brandon, Victoria Beach and Grand Beach.
The LTE expansion doesn’t stop there – we will continue to expand our offerings in the province through a network sharing agreement with MTS, enabling us to deploy LTE to more than 90 per cent of Manitoba’s population over the next five years, including Selkirk, Steinbach and Ste. Anne this summer!
What do you value more – your wallet or smartphone?
Though 60 per cent of people still value their wallet, a whopping 40 per cent preferred their smartphone in a recent Ipsos study covered by IT Business. As IT Business points out, though 20 per cent more are still dependent on their wallet, it’s actually a small percentage considering how new mobile payments are to the marketplace.
Just over a year ago, Rogers introduced mobile payments to Canada in partnership with CIBC. In November we expanded to create the mobile app with suretap technology. With mobile payments on the rise, it’s no surprise to us that it’s such a close race between smartphones versus wallets. Our own Innovation Reports have revealed that 65 per cent of people surveyed said they would feel naked without their smartphone and internet access. Combining your wallet and smartphone seems like the perfect fit!
Do you have a preference? Personally I’m all for carrying my slim iPhone over a bulky wallet when I run to Starbucks! The more retailers adopt this, the less I’ll be bringing my wallet for sure!
Love TV and movies? We want to hear from you!
Canadians love their marathons. TV and movie marathons, that is. More than 80 per cent of Canadians watched three or more TV episodes or two movies back-to-back this year, according to the latest Rogers Innovation Report, released Monday. The longest viewing sessions top out at more than five hours on a weekday and seven hours on a weekend. To learn more about Canadians’ viewing habits, you can check out the full report on SlideShare and find out what kind of TV viewer you are by completing the interactive infographic here.
Do you love marathon watching full seasons of your favourite shows? Do you like to tweet every plot twist and turn? Join our live chat Tuesday at noon (EDT) on RedBoard and Twitter to discuss the findings from the latest Rogers Innovation Report and take part in a trivia contest for your chance to win a great prize.
Kelly is a regular RedBoard contributor.
Digital, digital, digital! It’s the word of the week for sure with news headlines focused on digital behaviour between generations, what happens in a digital minute and how much floor space you can save with a digital lifestyle. Plus, we fill you in on some updates to our suretap mobile payments solution. All in this week’s edition of Weekend Reading.
Suretap expands to Android and BlackBerry 10
Last year, we were excited to announce our partnership with CIBC to bring mobile payments to Canada. Since then, we have partnered with suretap to essentially turn your smartphone into a digital wallet. This week, we expanded suretap’s services to work on even more devices, including the Samsung Galaxy S3 and Note II for Android, plus the new Blackberry Z10.
Check out what’s being said online in some great posts this week from Tech Vibes, NFC News, IT Nerd, The Cellular Guru, Mobile Syrup and IT Business. Have you made a purchase with suretap yet? What developments are you looking forward to in 2013?
Digital habits differ between millennials, Gen Xers and boomers
Last week, we told you what millennials (ages 18 to 34) value at work, and the week before that we learned they value their smartphones over their vehicles. This week, eMarketer dug a little deeper to learn how they’re spending their time online.
While watching digital videos ranks highest amongst Gen Xers, millennials consume more social media than the other generations, with more than half of them Tweeting. Don’t count out the baby boomers though – almost 60 million were regular internet users in 2012, but they’re spending more time with video than social media.
These insights into millennials certainly ring true personally! Social media by far uses most of my time every month. Does the same hold true for you? Or are you into other smartphone features entirely?
A digital minute
By the time you finish reading this section, 277,000 people will have logged into Facebook, 204 million emails will have been sent and six new Wikipedia articles will have been published.
It’s absolutely staggering to see consumption by the minute and realize just how much is happening on the internet in a mere minute, let alone a day, month or year! Can you imagine what it will be like two years from now? ReadWriteWeb breaks it down in their infographic featuring how much internet data we go through in a minute, plus where we’re headed by 2015.
Are you surprised by any of these figures? Can you believe more than 320 Twitter accounts were just created?!
Smartphones free up your floor space
Living in a condo approximately 500 square feet by myself, space has been a constant sore point in an otherwise lovely dwelling. So when I saw Mashable’s headline Your Phone Can Replace 62 Cubic Feet of Furniture, I knew it was a must-read!
One of the main conveniences of mobile devices has become the cloud, and its ability to store tangible items virtually. But how many people stop to think of the space they could be saving in their home as a result? By transferring music and books to online libraries you can eliminate furniture such as bookcases, shelving and CD racks. Mashable actually demonstrates the space you could save by transferring storage in a fun graphic.
Is this the way of the future? How will this affect home decor? Guess I know how I’ll be spending my weekend – transferring everything online!
Kelly is a regular RedBoard contributor.
Do you have any to add?
- Speed: We put a lot of emphasis on the ever-increasing speed of our networks this year. Have you tried the wild-and-crazy Rogers Speed Experience yet? Santa did! From our LTE network, to increasing our internet speeds to our full range of devices, speed was definitely on everyone’s lips in 2012.
- Innovation: We’ve always been an innovative company. Our Rogers Innovation Reports highlight our commitment to innovation through a series of surveys highlighting mobile and Internet usage by Canadians. Did you check out our latest? It highlights 2012 trends and your tech predictions for the years ahead. If all your holiday sugar and eggnog has made you data hungry, you can check out all our Rogers Innovation Reports on Slideshare.
- LTE: Innovation and speed came together for us in a big way in 2012 as we built upon our success as the first Canadian wireless company to launch an LTE network, in Ottawa, in 2011, followed by Toronto, Montreal and Vancouver. 2012 brought the opening of additional markets from coast to coast, including cities like Victoria, Edmonton, Saskatoon, Regina, Kingston, Quebec City, Moncton and St. John’s.
- Rogers One Number: February blues? Not at Rogers! It was the month we launched Rogers One Number. “RON” as the service is known to its friends, lets you talk, text and send picture messages, and video chat with other Rogers One Number users, all from your computer using your existing phone number. By using Rogers One Number, all calls to Canadian numbers, video chats with other Rogers One Number users and outgoing wireless text messages are free. Did you catch our contest winners’ Rogers One Number chat with Canada’s very own Hedley?
- Mobile Payments and Rogers suretap: We teamed up with CIBC to bring mobile payment to Rogers customers earlier this year. Canadian athlete extraordinaire Simon Whitfield was on hand to make Rogers’ first mobile payment. To learn more about how mobile payments and Rogers suretap work, check out our Rogers suretap video on YouTube.
- Next is Now … More than Ever: this 2nd in our ongoing video series looks at statistics that speak to how much Canadians value the Internet, smart appliances, the development of the dual-screen experience with TVs and tablets, smartphone usage, digital wallets, and the impact the Internet is having on health, government, education, and shopping. Have you checked it out yet?
- Windows 8: How proud were we to be chosen by Microsoft as the preferred Canadian wireless partner for the launch of the highly anticipated Windows 8! We’re bringing the largest selection of Windows 8 devices to the Canadian market, releasing the Nokia 920 back in October. For all the latest details on our Windows 8 offering, visit rogers.com/windows8.
- iPhone 5: what would a Rogers year be without an iPhone launch? It sends our sales and marketing teams, our call centres and our clients into an excited frenzy every time. The iPhone 5 brought us a slimmer device with an improved camera and loads of other rich features. Which iPhone 5 feature is your favourite?
- BlackBerry 10: Not to be outdone, the upcoming BlackBerry 10 is causing quite a stir. So much so that we’re already taking orders for it! Head over to rogers.com to reserve yours today.
- Exclusive devices: Whether it’s the Windows Phone 8X by HTC (8 GB), Nokia Lumia 920, the Samsung ATIV Smart PC and ATIV S Smartphone or the LG Optimus G 2600, 2012 brought Rogers customers access to an exciting range of exclusive smartphones, tablets and apps. Which is your current fave?
- Rogers Smart Home Monitoring: Remember the Jetsons? How cool is it that the life George, Jane, Judy and Elroy lived is (almost) here? Ok so maybe we don’t all have our own personal Rosey-the-robot-maid, and we’re not heading off to work in flying cars, but George and Jane would definitely feel at home with Rogers Smart Home Monitoring. From controlling sensors, cameras, thermostats, lights and small appliances remotely through your computer or smartphone, Rogers gives you a taste of the world Hanna Barbara could only imagine when they created the Jetson universe 50 years ago.
- Rogers Anyplace TV: Sports on your tablet. What more could a die-hard fan want? Sure, from Vancouver to Toronto to Montreal and everywhere in between we’re mourning our hockey season, but being able to watch the Jays or Raptors or the NBA or Sportsnet on our tablets helps ease the pain. And if sports aren’t your thing, no worries: Rogers Anyplace TV has something for you too. Ring in the New Year with any one of our new releases. Men in Black 3 maybe? Or how about Resident Evil: Retribution? Paranorman? I know! Why not enjoy the perfect merge of sports and Hollywood with Clint Eastwood’s Trouble with the Curve? So many choices! Stop me now or I’ll be recommending movies into 2014!
Wow! What a year! So … have we forgotten anything? Which one of these great innovations changed your life in 2012? Drop by one of our newly revamped concept stores to tell us all about it! (I just had to slip a 13th in there … we’re on the cusp of 2013 after all!)
Happy new year everyone! All the best to you and yours: health and happiness for 2013, from our family to yours.
Michelle is a regular RedBoard contributor.
Mobile payments arrived in a big way this year and we are thrilled to be part of this new technology wave. To explain what we’re up to, we made this video that introduces you to mobile payments, NFC technology and Rogers’ suretap, and answers the important questions “Why now?” and “How do I get started?” So press “play” and let us walk you through how to make a mobile payment, conveniently and securely, from your Rogers smartphone:
Have you started to use mobile payments yet?
Allison is a regular contributor to RedBoard.
There has been a lot of discussion around mobile payments in Canada. Back in May we announced an agreement with CIBC to launch Canada’s first commercial mobile payment solution, allowing Canadians to pay with their CIBC credit card at the checkout counter using their Rogers “Near Field Communications” (NFC)-enabled smartphones. Two weeks ago, we achieved a milestone for mobile payments in Canada when we partnered up with CIBC and Simon Whitfield to make Canada’s first point-of-sale mobile credit card transaction using a secure SIM card inside an NFC-enabled smartphone – see our summary of the event here. And as of today, you can download the CIBC Mobile Payment App here.
At that event, we unveiled suretap, a new solution for our wireless customers that will let you turn your smartphone into a wallet. We have been working on this new technology for months and are beyond excited to introduce it. Here is some basic information you need to know to get started with mobile payments and suretap:
What is Rogers suretap?
suretap is a new solution from Rogers that allows you to store an existing credit card on the secure SIM Card in your NFC-enabled device to make mobile payments. Also, suretap- ready devices are certified by payment networks and Rogers as secure and ready for mobile payment solutions.
How does it work?
suretap uses Near Field Communications (NFC), a secure, short range wireless technology that enables devices to securely communicate at close distances (typically less than 10 cm). To make a purchase, you will simply present your supported device at a contactless point of sale terminal.
What devices does it work on?
As of today, the BlackBerry 9900 is suretap ready – the BlackBerry 9360 will be ready in the coming weeks and Android and Windows 8 devices will be ready in early 2013.
How do you get started?
You can get started with suretap in three easy steps:
Step 1: suretap- Ready Device
“suretap ready” means the device has been certified by payment networks and Rogers as secure, and able to transmit credit card information.
Step 2: NFC SIM Card
Rogers suretap allows you to securely download credit card details to your NFC SIM card for use in mobile payments using Near Field Communication (NFC) Technology.
NFC SIM cards can be purchased in Rogers retail stores or online at www.rogers.com/suretap
Step 3: suretap Supported App
Visit App World on your device to download your credit card company’s mobile payment app and register your existing credit card information.
Where can I use it?
Any terminal that accepts VISA PayWave or MasterCard PayPass will also support suretap Today, thousands of retailers are ready to accept mobile payments. A list of merchants that accept Visa payWave is available here and a list of merchants that accept MasterCard PayPass is available here.
To learn more about suretap and to order a secure SIM card, visit www.rogers.com/suretap.
Are you ready to start using your smartphone as a wallet?
Allison is a regular contributor to Redboard.
UPDATE: May 9, 2013, 2:45 p.m.: We’re happy to announce the CIBC Mobile Payment App is now available on suretap-ready Samsung Galaxy S III devices.
Security & Mobile Payments: Q&A with HuffPost Canada’s Daniel Tencer and Gemalto security expert Paul Bradley
Mobile payment convenience and security go hand in hand. That’s a priority for us as we’ve worked with CIBC these past few months building our new mobile payment solution. We asked Dan Tencer, business editor of HuffPost Canada to challenge our team by sending his most difficult questions on the topic of mobile payment security our way.
We took Dan’s questions to a key member of that team, security expert Paul Bradley, Technical Director for North America at Gemalto. A leader in digital security, Gemalto secures the SIM cards that are used to store information for mobile payments on Rogers devices.
Here’s what Paul had to say:
Daniel: What happens if a phone is lost or stolen? What can you do to ensure I’m not cleaned out the first time I leave my phone on the bus?
Paul: All implementations are different, and obviously the individual mobile wallet application developer will have their own vision. Traditionally speaking, most mobile wallet implementations come with a security passcode which will protect access to the customers’ cards. The current payment network rules (Visa/MasterCard) are such that there is no PIN required to conduct a payment of up to $50. Essentially, mobile payments work the same way as a plastic card does today with one important plus — you also have the option to lock your phone (on top of locking your wallet), so no one can access your credit or debit cards or your phone service without entering your phone’s passcode in the first instance and your wallet passcode in the second instance. This means that it’s not possible to sign for a transaction where it’s permitted to by-pass PIN entry like you can do with a plastic card today!
We have also seen different mobile payment solutions emerging with an inactivity timer whereby if there’s no activity for a period of time or your wallet is running in the background for that period, you’ll be prompted to re-enter your wallet passcode to access your payment cards. So the bottom line when it comes to mobile wallet security is that a thief would potentially have two passcodes to crack to be able to clean out your accounts whereas today with a plastic card there’s only one.
If you lose your phone or if it’s stolen, then Rogers will be your first point of contact. Rogers will then let your bank(s) know what has happened and they will act accordingly. Rogers will not be able to cancel payment cards on your device, only your bank will have ability to do so. Banks can lock the application in their back ends, just like they would do for a lost plastic card, and Rogers will block your mobile phone subscription. The risk is identical to the loss of a plastic card. Don’t write your PIN down, keep it with the device or use a common PIN number for your wallet passcode and your device PIN (see: http://mashable.com/2012/09/24/pin-number-top-20/).
The procedure to have your cards re-provisioned on a new device with a new SIM card is seamless, as a new set can be downloaded easily once you receive your new device.
You’d be surprised (or perhaps not at all!), but people will typically realize that they are without their mobile phone quicker than noticing the loss of a card or their physical wallet which is an additional security measure in itself.
Daniel: Smartphones have apps that often send data back to their companies of origin. How can you guard against apps taking my banking and shopping records off my phone?
Paul: Gemalto and Rogers have put security at the heart of what has been implemented. There’s two parts to the solution: one part is the on-device application which manages the user interface, and the second is its counterpart on the SIM card which manages to securely store your payment credentials and any other application data necessitating secure storage. A system called “access control” has been put in place to ensure that only valid user interface applications on the device are allowed to access their counterparts in the secure element (in this case the SIM card).
Daniel: If I pay for my groceries with my cellphone, will you ensure that supermarket doesn’t take any more data off my phone than I want it to — including keeping my phone number hidden?
Paul: First, mobile payment solutions running on NFC-enabled devices use radio-frequency wave technology to power mobile transactions. This is the same technology used today with “tap-and-go” credit cards and it means that no wireless data is used with NFC-enabled smartphones making mobile payments.
When you present your mobile device to a contactless point-of-sale terminal in a supermarket, the terminal will only have access to an emulated version of your MasterCard or Visa credit card that you have installed on your device. In fact, point of sale terminals will
now not know the difference between a contactless credit card and a mobile device emulating the same credit card on its secure SIM card.
Also, the point-of-sale terminal will only be able to interact with the payment card selected by the user. The details for this payment card are securely stored on the SIM card
Daniel: They’ve cracked Google Wallet, exposing users’ wallet passcodes. What will Rogers & Gemalto do better than Google?
Paul: Saying that Google has been “cracked” is perhaps not the right terminology. Google experienced challenges from some clever users using rooted devices as they rolled out their service, but the resulting lessons learned will only make the solution better. Now to answer the question, as mentioned before each implementation will be different, however mobile wallet passcodes on the Rogers network will be stored in a secure domain on the SIM, which holds the same level of security as the place in which you store the Visa or MasterCard applications on the SIM. This certainly differs from other solutions, including the first release of Google Wallet referenced that cached the passcode information, albeit in a hashed form, in an application on the mobile device itself.
Thanks to Dan and Paul for their contribution to today’s blog post. Security is important to us at Rogers, and we want to be sure we’ve answered all your questions surrounding our new mobile payment solution.
Do you have any other questions about Mobile payment security?
Allison is a regular contributor to Redboard.
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How do you use your smartphone for your day-to-day shopping? Have you paid for a coffee simply by showing your phone? Used it to get into a movie or baseball game, or even onto a plane? Me too. So I was really excited when Pan American Games and Olympic medalist Simon Whitfield, made Canada’s first point-of-sale mobile credit card transaction in Canada using a secure SIM card inside an NFC-enabled smartphone last Friday. Excited, because I know that this is only the tip of the iceberg. Before you know it, you’ll be able to conveniently relocate ALL your credit cards, store cards and loyalty cards from your wallet to your smartphone. But mobile wallet is not just about lightening your wallet and making purchases more convenient…. it’s much more.
Your smartphone is an extension of you: it can represent who you are, can know where you are, and what you like to do. Result? When your smartphone intelligently marries the contents of your mobile wallet with your location and your preferences, everyday transactions become a lot easier and more personalized.
The future of mobile payment:
So what’s next? Let’s fast forward about 5 years. Your mobile wallet will one day include your ID, as well as your driver’s license, health card and membership cards. When you apply for a bank account, a new gym membership, or even visit a doctor’s office, everything you need will be on your device. You’ll be able to verify your identity and pay fees all with a tap of your phone. Even better, filling out lengthy forms will be a breeze, as they’ll be instantly populated with all your credentials.
What will going out for a night on the town look like? Again, your phone will be all you need. While you’re downtown with friends having a drink, you’ll confirm your age by tapping your phone. You’ll receive a coupon on your smartphone for last minute tickets to see your favorite band just because you’re in the neighbourhood and the venue has seats to fill. You’ll buy the tickets on your smartphone, and use your device to get into the concert. You paid for your buddy’s ticket too? No problem. He can pay you back right away by tapping his phone against yours. Stumbling home at end of a fun night, and can’t find your keys? Just use your smartphone to open your door and turn on the lights. Had too much fun and lost your phone? Don’t worry, your phone will be wiped remotely, and your entire wallet will be reissued to a new device.
A shopping experience you’re going to love
A bit of a shopper, are you? You’re going to love what’s in store for you: shopping will become more of an immersive experience. As you walk through the mall, you’ll receive targeted coupons, offers or purchase recommendations right on your smartphone. You’ll be able to check to make sure you’re getting the deal of the century by searching on-line stores. You’ll make your purchase on the spot, either with a tap of your phone in-store or securely online, using the credit card stored on your phone. And the shopping experience won’t just change for you; it’ll change for the whole family. Let’s say your kids decide to head off to the bookstore alone and find a book they like. No money? No credit card? No problem. They’ll head for the checkout, tap their phone, and mom or dad will get an automatic request to authorize the purchase by credit card or instantly add $10 to their kid’s wallet. Either way, the purchase will go through and your kids will be happy!
The mobile wallet will transform everyday transactions. Where do you think we’re headed?
Rob is a regular contributor to Redboard.
Weekend Reading: Internet by bicycle, coffee by mobile payment and device charging stations at Starbucks
This week’s hottest tech stories revolved around two things: internet and accessibility. Earlier this week, Starbucks announced it would be trialing charging stations at its tables to accommodate customers who already take advantage of free Wi-Fi. Then we came across an intriguing story of a startup company bringing the internet to less developed countries via bicycles. Finally, we rounded off the week with some updates on Rogers mobile wallet initiatives for all those getting a jump start on holiday shopping!
Bikes bring internet to Bangladesh
It’s easy to take things for granted in a country like Canada, where internet is not considered a luxury. In Bangladesh,only 5 million of the country’s 152 million residents have Internet access.
This week we stumbled across a cool Associated Press article highlighting a company literally bringing the internet via their bicycles to citizens of Bangladesh. D Net, one of the companies behind the program, recruits women known as “Info Ladies” and trains them for three months to use a computer, the internet, printers, and cameras so they can teach others. The program offers both free and paid services and helps create jobs for women.
Read more about The Info Ladies and learn how this simple project is introducing a whole world of technology to those less fortunate in the full article here.
Have your coffee, your Wi-Fi, and soon your charging station too
A report from Boston.com earlier this week said that Starbucks would launch a limited time in-store trial for wireless charging at 17 locations in the Boston area.
If people are already in the store setting down their devices while sipping their coffee and browsing the web, why not charge it at the same time?
Working with Duracell Powermat would supply the tech capability, but is there really a demand for this service? Let us know what you think in the comments below. Is this something you would like to see brought to Canada?
Rogers and CIBC bring mobile payments to Canadians today
It’s finally here! Today Pan American Games and Olympic medalist Simon Whitfield made Canada’s first ever SIM-based mobile transaction for a Tim Hortons coffee on his NFC-enabled Blackberry.
The SIM cards are available for order now, and the CIBC Mobile Payment app will be available November 16th. Catch up on all the online buzz that’s been coming in today from Mobile Syrup, Financial Post, iPhone in Canada, and The Cellular Guru to name a few. Engadget also kept its readers updated on rollout and availability, while Digital Home quoted recent stats in favour of mobile payments.
Kelly is a regular contributor for RedBoard
Mobile payments are coming to Canada and we’re excited about the prospect of leaving our wallets at home and accessing credit cards on our mobile device. However, for mobile payments to take off, it’s crucial that applications and solutions are secure.
Last week, we announced that we are working with Gemalto, a leader in digital security, to secure the SIM cards that will be used to store information for mobile payments on devices on the Rogers network. Now we’re inviting you to join the discussion.
We’re bringing together two mobile payment experts to answer your digital security questions. Our experts specialize in the field of mobile payment and mobile banking. Jeppe Dorff, Head of Transaction Services at Rogers, is leading our team to deliver a solution that will allow you to securely store your credit card and eventually your library card, bus pass, loyalty cards, and coupons on your smartphone. And Paul Bradley is Technical Director, Gemalto Mobile Communications North America, where he is helping you get the most out of technology like NFC and LTE by pioneering digital security for some of the world’s largest consumer telecommunications companies.
They’ll be available to answer questions on Thursday, October 18, 2012, 1-4PM ET in the Rogers Community Forums!
What’s Rogers RevUp?
Rogers RevUp™ is a series of events that bring you exactly what you want – insider access! Throughout the year we’ve been hosting Q&A sessions about Rogers products and services hosted by members of our product teams. Past events covered Android and Rogers One Number; check out the archives to see more.
What if I miss it?
The content will be available after the event closes so you’ll have a chance to catch-up on anything you missed. And you can always post your question later for an answer from the community.
We want to hear from you. What other Rogers products or services would you like to learn more about?
Gina a regular contributor to RedBoard
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Earlier today, Rogers President and CEO Nadir Mohamed delivered a speech at the Canadian Club in Montreal about innovation – what’s next and what Canadians can expect.
One of the exciting innovations Nadir talked about was mobile wallet. Earlier this year, we announced an agreement with CIBC to launch Canada’s first mobile payment solution which will allow Canadians to pay with their CIBC credit card at the checkout counter using their Rogers smartphones. We know this is something Canadians are excited about. In fact, in our first Rogers Innovation Report, we asked Canadian smartphone and tablet users about the idea of a mobile wallet and 61% said the mobile wallet will make their lives better. 43% felt the traditional wallet would be replaced over the next few years and a whopping 79% said they expect to make more purchases on their smartphones in the future.
Here’s an excerpt of what Nadir had to say about mobile wallet:
Today the average Canadian carries 22 plastic cards in their wallet. Think transit, credit, debit, loyalty and government-issued ID. If you do the math, we’re collectively carrying 675 million pieces of plastic. At $5 a pop, that’s a lot of plastic to manufacture and distribute.
Today your wireless device is already your phone, your camera, your computer.
Tomorrow it will be your virtual wallet…a safe and secure platform that uses the SIM card inside your NFC-enabled device to safely manage all of your information.
Everything you need for you and your family, conveniently and securely stored, all in one virtual place. Merchants will strengthen their relationship with consumers through loyalty and other rich offers.
Governments will see reduced fraud and increased service levels thanks to smart technology and other security capabilities.
And consumers will have convenient, instant access to all their cards, and the ability to carry what they want…without being limited by the size of their wallet…
Recently Rogers and CIBC announced they will launch the first commercial mobile payment solution in Canada. It gives Canadians the ability to pay with their credit card using their smartphone. It’s as secure as using your credit card today. And it’s easier to shut down a mobile wallet than it is to deal with a lost physical one.
This is Canada’s first real foray into mobile payments…and it’s the first real step in Canada’s journey toward a truly digital wallet.
Are you excited about the prospect of using your smartphone for mobile payments?
To read more about Nadir’s speech at the Canadian Club, check out our RedBoard Biz post here.
Miranda is a regular contributor to RedBoard