CIBC picks G&D for NFC

Canada’s CIBC bank has picked Giesecke & Devrient (G&D) as the trusted service manager for its rollout of NFC payments with Rogers Wireless. G&D’s TSM service will be used to securely download and provision the CIBC Mobile Payment Application and the credentials required for contactless payment transactions using NFC phones. CIBC is also using technology from Tsys for its NFC service.