Royal Bank of Canada Launching Mobile Payments System

As mobile commerce continues to grow worldwide, Royal Bank of Canada (NYSE: RY  ) this week announced its customers will be able to securely purchase goods and services with debit or credit using smartphones compatible with Bell Canada's (NYSE: BCE  ) wireless network as part of a new mobile payment system the two are launching.

The companies aim for the network to be seamlessly integrated into RBC's existing mobile banking app together with its peer-to-peer technology allowing an RBC customer to send money to any person or business in Canada.

"This is the first piece of a broad RBC mobile commerce solution rolling out to clients this year, all delivering the great, robust user experience and the security that RBC is known for," Dave McKay, RBC  group head of personal and commercial banking, was quoted as saying.

Following testing that will occur over the summer, the companies plan for customers of both RBC and Bell Mobility to be able by year's end to pay for transactions with RBC debit or credit cards using the BlackBerry Z10, Q10, Bold 9900, Bold 9790, or Curve 9360, and a range of Android devices from manufacturers such as Samsung, Sony, HTC, LG and more.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2423522, ~/Articles/ArticleHandler.aspx, 11/28/2014 4:56:23 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement