03:50:34 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 847,652,678
Close 2015-06-22 C$ 53.48
Market Cap C$ 45,332,465,219
Recent Sedar Documents

Globe says BCE, others add mobile wallet app Suretap

2015-06-23 08:02 ET - In the News

Also In the News (C-CM) Canadian Imperial Bank of Commerce
Also In the News (C-RCI) Rogers Communications Inc
Also In the News (C-T) Telus Corp (2)

The Globe and Mail reports in its Tuesday edition Bell, Rogers, Telus, Koodo and Virgin are backing Suretap, an open mobile wallet app that has big-bank support. The Globe's David Berman and Marina Strauss write CIBC is the first national bank to support Suretap, giving customers the option of adding CIBC Visa or MasterCard credit cards to their smart phones to make so-called contactless purchases valued up to $100. Suretap expects more banks to follow later this year. CIBC already has a payment app. Suretap comes in advance of Apple rolling out its Apple Pay mobile payment system in Canada. Launched south of the border last year, Apple Pay is expected to arrive in Canada later this year, putting pressure on rivals by turning the iPhone into a virtual credit card. Despite an array of different digital wallets on the market, they have yet to be widely adopted as companies look for ways to ensure their systems are secure and easy to use with a wide swath of different participating players. Tech overload is an issue. "It's confusing for the consumer," said Robert Smythe, a mobile payments specialist at IDC. "It's even confusing for us because every day there is something new coming out."

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