16
NEWS Canadian banks onboard with Apple Pay
Scott Thompson Senior Editor
Canada’s banks have finally struck a deal with Apple to expand use of its mobile payments service in the country.
last year, although it was limited to non-bank issued American Express cards as Apple and the big banks were not able to agree on terms. But it is now branching out to Visa, MasterCard and Interac cardholders, with customers of Royal Bank of Canada, Cibc, ATB Financial and Canadian Tire Bank able to make online and contactless in-store payments with their iPhones and Apple watches. ‘Big five’ members Bank of Montreal, TD Bank and Scotiabank are set to follow suit in the coming months.
A
“Apple Pay is an innovative, secure and convenient mobile payment method that will help further the growth and evolution of digital debit payments in Canada,” says Mark
pple Pay first became available in Canada
O’Connell, President and CEO, Interac Association and Acxsys Corporation. “Interac, when paired with Apple Pay, will bring mobile payments into the ‘everyday’ and allow Canadians to experience enhanced simplicity and ease when paying with Interac.”
“Canadians are highly mobile-engaged and are looking for secure and simple technology solutions that provide them with access to their financial information anytime, anywhere,” says Brian McCabe, Vice President of Day to Day Banking at Scotiabank. “Scotiabank is committed to delivering innovative, safe and secure mobile payment services to our customers, and we look forward to adding Apple Pay to our line-up of mobile solutions.”
www.ibsintelligence.com © IBS Intelligence 2016
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52
