CIBC, in partnership with Rogers Communications, will launch a joint mobile payment solution in Canada, allowing Canadians to pay for small ticket items with their CIBC credit card at the checkout counter of participating retailers using their Rogers near field communication (NFC)-enabled smartphone. This new CIBC mobile payments capability will be available, initially, on select BlackBerry smartphones on the Rogers wireless network, with additional device choices available following the launch on 16 November.
By teaming with Rogers and CIBC, clients will have experience the convenience of paying at the checkout counter with their mobile device, plus the existing benefits and security of their CIBC credit card. Since clients will be able to access their existing CIBC credit card, they will continue to earn loyalty rewards as they do today.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Despite being behind the likes of Europe and China, the US payments industry is now rapidly advancing, said Anish Kapoor, CEO of AccessPay told GTNews in an exclusive interview.
Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.