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Friday, October 12, 2012

Engadget: Rogers, CIBC may launch Suretap NFC-based payments on October 15th, require a unique SIM

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Engadget
Engadget
Rogers, CIBC may launch Suretap NFC-based payments on October 15th, require a unique SIM
Oct 12th 2012, 16:51

Rogers, CIBC may launch Suretap NFCbased payments on October 15th, require a unique SIM

Rogers and Canadian bank CIBC struck a deal for NFC-based mobile payments back in May, long enough ago that it was starting to fade out of the public consciousness. The alliance may be near refreshing our memory with a commercial launch in the cards. MobileSyrup has reportedly scored internal documents that has the two launching their e-commerce collaboration on October 15th under a slightly catchier Suretap name. Unfortunately, the text also suggests that the initial launch will require at least as much hoop-jumping from customers as for the original Google Wallet plans. Avoiding a traditional wallet will demand a BlackBerry Bold 9900 or Curve 9360 on Rogers, a CIBC MasterCard, nearby stores with PayPass terminals, a CIBC app and now a special NFC-enabled SIM card -- a set of criteria that disqualifies almost everyone, especially when there's supposedly a $50 ceiling on transactions. It remains a step forward for mobile payments in a country that has had very few options to start with, but we'd only anticipate widespread adoption once there's a much wider selection of devices and banks.

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Rogers, CIBC may launch Suretap NFC-based payments on October 15th, require a unique SIM originally appeared on Engadget on Fri, 12 Oct 2012 12:51:00 EDT. Please see our terms for use of feeds.

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Written by Hasloo Network staff.