Canadian Imperial Bank of Commerce (CBIC) and Rogers Communications announced just yesterday an agreement to launch Canada’s first joint mobile payment solution. This solution will allow Canadians to pay with their CIBC credit card at the checkout counter using Rogers Near Field Communications (NFC) enabled smartphones. What does this mean? In the near future you

A while back I spoke about the PayPal app for the iPhone and gave a general overview of it. I remember finding out as well that there was money just sitting in my PayPal account as well (nice to find money waiting to be used). That said, PayPal has done it again by taking another

Contactless payments are among some of the major advances seen in the last few years. That being said, MasterCard was the first in the country to introduce their contactless product, otherwise known as MasterCard PayPass. A few months ago I did an overview of Visa’s payWave; it only came to my attention recently that I

Yesterday, a follower on Twitter recently tweeted to Bank Guru some interesting news Bloomberg recently released: As the tweet says, EBay’s PayPal unit has unveiled a service that will allow users to make payments by tapping their mobile devices together, joining the market for wireless transactions using near field communication (NFC) technology. What does this

National Bank of Canada has launched its International Direct Payment solution, which means that anyone holding a National Bank Client Card holders to use their client card worldwide through the Maestro Network. What does this mean? What this means is that National Bank of Canada client cardholders will have greater access to their funds and

In 2007 we saw Visa introduce Visa PayWave, a contactless payment technology feature that allowed cardholders to wave their card in front of payment terminals to pay for their purchases. This technology was to combat the popular MasterCard PayPass service that had already been around for 4 years. Over time Visa has grown this particular

The past few days I have been seeing various articles concerning the Canada Post going on strike. To be honest, I did not think much of it; it simply did not hit me what would happen when my mail would not be delivered. It only hit me when a relative was expressing her concern on