Rogers and CIBC the First Bank and Telco to Partner for New Mobile Wallet Technology in Canada

Yesterday, we reported on news that Canada's banking industry was moving forward with a plan to transform smartphones into wallets. Just one day later, Rogers and CIBC have revealed a partnership.
CIBC customers whose smartphones run on the Rogers wireless network will be able to pay for goods at retailers with their smartphone instead of credit or debit cards. Data for MasterCard and Visa charge cards can be loaded onto the mobile devices, which will send a signal to a small receiver near the cash register at participating retailers.
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