Trimet to roll out world’s first integration of transit ticketing card with Android Pay

Portland-Vancouver’s Hop Fastpass partners with Google, becoming the first virtual transit fare card available within Android Pay globally — TriMet — “TriMet and Google are teaming up for a first — making Hop Fastpass the first virtual transit card available in Android Pay starting early next year… In December 2017, a select group of TriMet, C-Tran, and Portland Streetcar beta testers will be able to load a virtual Hop card into Android Pay — giving them the ability to tap their phones to pay for their fares and receive all the benefits of a physical Hop card.”


Bank of Canada reports on the potential of digital currencies

Central Bank Digital Currency: Motivations and implications — Bank of Canada — “This paper addresses the question of whether a central bank should issue digital currency that could be used by the general public. It begins by discussing the possible motivations for a central bank to issue a digital currency. The paper then sets out a benchmark central bank digital currency (CBDC) with features that are similar to cash. The implications of such a digital currency are explored, focusing on central bank seigniorage, monetary policy, the banking system and financial stability, and payments.”


Canadian banks, carriers and government back blockchain-based digital IDs

Forget iris scans, Canadians to use blockchain for digital IDs — Bloomberg — “Soon Canadians will be able to verify personal information for everything from driver’s licenses to banking using mobile phones and blockchain… Canada’s six largest lenders, including Toronto-Dominion Bank and Royal Bank of Canada invested C$30m (US$24m) in the project. The country’s three main wireless carriers — owned by Rogers Communications Inc, Telus Corp and BCE Inc — are also involved through their EnStream venture, along with a number of provincial governments.”


Rambus supports launch of Interac debit payments on Samsung Pay in Canada

Rambus collaborates with Samsung Canada and Interac to help deliver Samsung Pay in Canada — Rambus — PARTNER NEWS — “Rambus Inc, a leader in digital security, semiconductor and IP products and services, announced that it has teamed with Samsung Canada and Interac Association/Acxsys Corporation, the organizations behind Canada’s leading payment brand, to help enable Interac Debit on Samsung Pay in Canada. The Interac Token Service Provider (TSP), developed in collaboration with Rambus, now helps allow Interac users to make secure mobile debit payments through tokenized transactions using Samsung Pay.”


Samsung Pay adds Visa, Mastercard, Amex and Interac debit options in Canada

Samsung Pay expands in Canada with new partners — Samsung Electronics Canada — “Following a successful introduction with CIBC in the Canadian market, Samsung remains committed to enhancing Samsung Pay and making it a holistic digital wallet extending beyond credit cards with the introduction of debit cards and new partners including Interac Debit, Scotiabank, American Express Canada, ATB Financial, Visa Canada and Mastercard. In addition, Samsung Pay will be made available soon to Tangerine and Peoples Card Services customers.”


Survey: Market fragmentation is holding back the adoption of mobile payments in Canada

Fragmentation, lack of interest to blame for poor mobile payments adoption in Canada — MobileSyrup — “While almost half of Canadians made a contactless purchase with their debit or credit card, the percentage of mobile payments users for platforms like Android Pay, Samsung Pay and Apple Pay is in the low single digits — even though awareness is “relatively high,” with roughly half of those polled stating they were aware of one of the big three platforms.”


Canadian bank lets customers use learning AI to transact in Facebook Messenger

ATB Financial rolls out world’s first full-featured virtual banking assistant on Facebook Messenger — ATB Financial — “What makes ATB’s virtual assistant unique? Far beyond a Q&A chatbot, its sophisticated banking transaction abilities offer robust personal financial management tools tailored to fit the needs of each individual customer. Customers can seamlessly pay bills, view account balances, send Interac e-Transfers or transfer money between accounts, as well as perform cross-currency money movement all from within their Messenger platform… The virtual assistant is always learning. The more customers engage with it, the more it will be able to do.”



TD Bank to add AI to mobile banking app

TD announces conversational AI platform agreement with Kasisto — Kasisto — “Through the AI-powered interactive chat interface, TD app users will be able to check account information, review transaction histories and monitor spending levels. In addition, customers will also be able to get instant answers about specific spending-related questions including how much they spent on a recent weekend getaway, what their largest transaction was last week, or what they spent on categories like groceries or coffee last month.”


GlaxoSmithKline puts NFC tags on store shelves

Thinfilm and GlaxoSmithKline bring NFC technology to leading over-the-counter brand Flonase — Thinfilm — “GSK introduced interactive ‘smart’ Flonase shelves in retail stores across Canada in an effort to educate consumers about the new product and guide them in their purchasing decision… The cloud-based platform integrates with the NFC hardware, enabling GSK to manage tags remotely, deliver custom messaging and content, view real-time consumer tapping activity, and develop valuable consumer insights through built-in analytics functionality.”


American Express launches mobile-first credit card in Canada

American Express goes mobile-first with its new millennial-facing credit card — IT Business Canada — “According to AmEx director of new product development Laura Cocksedge, the card was designed start to finish as a mobile-first experience, with users able to use the Cobalt’s accompanying app to register for the card, verify their identities, track their spending, and use it with mobile payment platforms including Apple Pay, Android Pay, and American Express’s own AmEx Pay.”


More than half of consumers in US, Canada and UK expect to abandon cash in next two years

Consumers to abandon cash by 2020 — Paysafe — “In Canada and the UK, contactless has paved the way for this new era of payments, with three out of five consumers regularly using it for purchases, 62% citing it as more convenient than cash, and 44% stating they preferred to shop in places that take contactless… However, it is America that is very much leading the way in new payment methods with nearly a third (31%) using mobile wallets and one in seven using cryptocurrencies.”


RBC first bank in Canada to enable bill payments using Siri

RBC first bank in Canada to enable bill payments using Siri — Royal Bank of Canada — “Thanks to an update to the RBC Mobile app, Royal Bank of Canada personal banking clients are now the first in Canada who can ask Siri to pay their bills on iPhone and iPad. RBC also launched seamless Interac e-Transfer payments within iMessage, which means clients can send a transfer without leaving their iMessage window.”


Moneris study reveals 36% contactless payment increase in Canada

Moneris study reveals 36% contactless payment increase in Canada — MobileSyrup – “Moneris unveiled a 36.29% year-over-year gain, possibly due to Android Pay recently launching in Canada, and with little more than a year since Apple Pay’s full Canadian release… Within the next five and a half months Moneris predicts that 50% of all Canadian transactions will be contactless.”


TD Canada for iOS now lets you easily add TD cards to Apple Pay

TD Canada for iOS now lets you easily add TD cards to Apple Pay — iPhone in Canada – “TD Canada for iOS has been updated to make it easier to add your TD cards to Apple Pay… This update will assist new Apple Pay users to easily adopt the mobile wallet, as all they have to do is verify their TD cards within the bank’s iOS app, instead of scanning or manually entering numbers within Apple Wallet.”





Chinese mobile payment apps launch in Vancouver, Toronto

Chinese mobile payment apps launch in Vancouver, Toronto — The Globe and Mail — “OTT Financial Inc is working with Chinese Internet giants Tencent and Alibaba to introduce their mobile-payment infrastructure in Canada. The two apps, WeChat Pay and Alipay, are linked with users’ credit cards and allows them to make payments in renminbi, which is then converted to Canadian dollars before it’s transferred to merchants.”



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