CIBC, major wireless carriers back Suretap app
It's the first of 5 big Canadian banks to support the app
Moi Rewards has launched in Ontario—here’s how it works
Sponsored By
Moi Rewards
TORONTO – The Canadian Imperial Bank of Commerce (TSX:CIBC) has joined Canada’s major wireless carriers in backing the Suretap mobile payments app.
Rogers (TSX:RCI.B), Bell (TSX:BCE), Telus (TSX:T), Koodo and Virgin are all offering the mobile wallet across a range of Android and BlackBerry phones.
CIBC says its customers will be able to use Suretap to add their Visa or MasterCard credit cards to their smartphones.
That makes CIBC the first of the five biggest Canadian banks to announce its support of Suretap.
CIBC was also the first of the major banks to announce that its customers can conduct mobile banking via the Apple Watch.
The Suretap wallet uses near field communication (NFC) technology to make payments with a smartphone.
CIBC also has its own mobile payments app, which allows customers to charge purchases of up to $100 to a credit card.
“Our partnership with Suretap gives our clients choice when it comes to paying with their smartphone and builds on our commitment to delivering the payments solutions that reflect where are our clients’ needs are today and where they are going in the future,” Todd Roberts, senior vice-president of cards and payments innovation at CIBC, said in a statement.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Related Articles
Deal or no deal: What to know before shopping Black Friday and Cyber Monday sales
If you’re one of the many Canadians looking for Black Friday and Cyber Monday discounts, here’s how to know...
The best no foreign transaction fee credit cards in Canada for 2024
Cards that waive or refund the fee for foreign currency charges are few and far between—but if you’re a...
Should you buy or lease your new car in Canada?
Looking for a new car? What you should know about leasing versus owning.
The best travel credit cards in Canada for 2024
These impressive travel cards can help turn your everyday spending into flights, hotels and more.
“Everything companies”: How Amazon’s playbook is reshaping competition in Canada
In this excerpt from The Big Fix, authors Denise Hearn and Vass Bednar argue companies increasingly want to collect...
These credit cards can help you save big on travel to Orlando
Through free or discounted flights, hotel stays and car rental insurance, the right credit cards can get you to...
Wealthsimple Cash review 2024
Wealthsimple Cash comes with high interest rates and a no foreign transaction fee card. Let’s take a closer look...
How to renovate your home on a fixed income
Spending thousands of dollars on upgrades to your living space can be daunting for seniors. Here are some financing...
From Pokemon cards to music royalties: Do alternative investments work?
Alternative investments may bring to mind hedge funds or real estate. But niche collectibles are increasingly a part of...