Rogers Bank is Born

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Rogers Bank is Born

Postby jon » Wed May 08, 2013 7:00 pm

Rogers Granted Letters Patent of Incorporation by the Minister of Finance

TORONTO, May 3, 2013 /CNW/ - Rogers Communications today announced that, further to its application in September 2011, the Minister of Finance has issued Letters Patent, incorporating Rogers Bank, an initiative primarily focused on credit card services.

"Today's announcement is a significant milestone in our plan to issue a credit card," said David Robinson, Vice-President, Emerging Business, Rogers. "The Rogers credit card program represents a new growth opportunity while giving customers an opportunity to accumulate value in a future Rogers loyalty program."

With the Letters Patent of Incorporation, Rogers has twelve months to move forward with the application process to meet the requirements of an Order to Commence and Carry on Business. Upon meeting the requirements for the Order to Commence, Rogers will have the approval to begin offering credit card services.
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Re: Rogers Bank is Born

Postby jon » Wed May 08, 2013 7:02 pm

As I understand it, this is Rogers' first step towards allowing their smartphones to be used as a credit card.
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Re: Rogers Bank is Born

Postby PMC » Fri May 10, 2013 6:08 pm

Where are the other carriers on this ?
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Re: Rogers Bank is Born

Postby jon » Fri May 10, 2013 6:22 pm

I can't see them being caught by surprise, after versions of this article made the rounds of newspapers 6 months ago:

The first Canadian mobile credit card transaction is on a BlackBerry, using CIBC, in a Tim Hortons

The first Canadian mobile credit card transaction happened this morning. While the press release doesn’t say so, the “first” part refers to the fact that it was done over NFC*. How Canadian was this Canadian milestone? Very Canadian.

First of all, Canadian Olympic Triathlete Simon Whitfield performed the transaction. Is that not enough for you? Don’t worry, there’s more.

Next up, Whitfield used a BlackBerry smartphone. As you know, the Canadian company RIM makes BlackBerries.

Oh, and the BlackBerry was on the Rogers telecommunications network. Rogers is one of Canada’s largest communications companies.

Furthermore, the money was taken out of his CIBC credit card account. CIBC stands for the Canadian Imperial Bank of Commerce.

Last but not least, it happened in a Tim Hortons. For those who don’t know, Tim Hortons is Canada’s largest fast food service with thousands of stores nationwide. When you want to stay up late and chat in Canada, you and your friends often head to a Timmies.

The downtown Toronto restaurant where the milestone happened is not unique. Tim Hortons says mobile payments are already available in approximately 2,300 restaurants in Canada already, with more than 3,000 restaurants expected to get support by December.

Unfortunately, you need to be a CIBC and Rogers client for this to work. Later this month, Canadians will be able to hold select Rogers smartphones up to the Tim Hortons contactless PIN pad and make purchases using their CIBC Visa or CIBC MasterCard. While there are still limitations, this is certainly a start.

“Tim Hortons invested in new payment terminals for nearly all of our Canadian restaurants to allow contactless and mobile payments,” Tim Hortons COO David Clanachan said in a statement. “We are always looking to bring innovative options that offer our guests more convenience and faster ways to pay. We believe Canadians will increasingly embrace the opportunity to make mobile payments and we are excited to be at the forefront of this technology with this milestone transaction today.”

ref. - http://thenextweb.com/ca/2012/11/02/the ... m-hortons/

* - NFC is Near Field Communication, which manufacturers have been quietly including in new smartphones for a while now. "Near" refers to the distance the smartphone can communicate using this technology, which is measured in single digit inches, at most. NFC is intended to see your smartphone (eventually) replace all your credit cards. As well as the short distance, all of the implementations ("apps") I've read about for credit cards require you to acknowledge each transaction by responding on your smartphone.
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Re: Rogers Bank is Born

Postby PMC » Fri May 10, 2013 6:31 pm

People in other countries like Finland, have been buying groceries, car washes and many other things using cell phone technology, for atleast 10 years. Nice to see it coming here etc.
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Re: Rogers Bank is Born

Postby jon » Fri May 10, 2013 7:08 pm

PMC wrote:People in other countries like Finland, have been buying groceries, car washes and many other things using cell phone technology, for atleast 10 years. Nice to see it coming here etc.

Probably the smartest guy I ever worked with had moved here from Hong Kong a few years earlier than when I met him in 1981, and had seen ATM's arrive there, in full force, in 1973. They were just starting to become generally available here in about 1980.

Then, as now, we thought technology was coming at us so quickly. Where we worked, word processing had just replaced typewriters, the Financial Vice President bought an Apple II just to get a VisiCalc spreadsheet to automate his What-If analysis, while an engineer in Alaska bought a Commodore microcomputer and was doing preliminary analysis in a few hours using the company's proprietary ultrasonic Corrosion Analysis for natural gas plants that used to take weeks to process on our mighty minicomputer.

But lots of things technological take many years to actually become "generally available". ATMs back then and paying with your smartphone today.

Or, more relevant to this board: Television and both AM and FM Radio. TV seemed like it was ready in the last half of the 1920s. But was delayed first by the Great Depression then by World War II. Just when things started to take off after the War, the FCC stopped issuing licenses for several years.

AM Radio was delayed by World War I and the financial recovery following The Great War.

FM was ready to go by the late 1930s, but few stations were licensed until the 1960s, and few FM stations had much in the way of the ratings until the 1980s.
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Re: Rogers Bank is Born

Postby Mike Cleaver » Tue May 21, 2013 11:43 pm

Just back from 15 days in Japan.
Smart phones and smart cards rapidly are replacing cash for almost everything there.
You can load the cards at any train or subway station ticket machine and use them almost anywhere instead of cash.
You load the phones on line from your bank account.
Mike Cleaver Broadcast Services
Engineering, News, Voice work and Consulting
Vancouver, BC, Canada

54 years experience at some of Canada's Premier Broadcasting Stations
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Re: Rogers Bank is Born

Postby Neumann Sennheiser » Wed May 22, 2013 7:12 am

Kind of scarey but, when ATM banking rolled out, that was scarey too as was internet banking (which most of us use daily even though there are very real risks with that as well as on-line shopping..hey, how many cheques do you send out these days? likely none at all).
You could take it all the way back to when people bartered with livestock. You would have been apprehensive about rustlers.
"You don't know man! I was in radio man! I've seen things you wouldn't believe!"
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