Tap and go Joe: CIBC/Rogers first with NFC-powered "digital wallet" purchases

TORONTO - Walletless transactions will become a reality in Canada in two weeks with CIBC and Rogers unveiling their digital transaction solution that turns smartphones into mobile credit cards. The joint mobile payment solution offers an app that will allow customers with NFC-enabled smartphones to tap them at checkouts to pay for purchases using the secure SIM card inside. Forecasts for mobile commerce suggest that it will become a significant method of payment in just the next few years. By 2016, Technology Strategy International forecasts that almost 80% of the smartphones in Canada will be NFC-enabled, and IE Market Research...