21 October 2014

BMO and MasterCard team on contactless BlackBerry payments

26 November 2009  |  13142 views  |  0 Iphone screen close up

Bank of Montreal, MasterCard and Research in Motion (RIM) are teaming up on a trial that will see Canadians make payments using BlackBerrys equipped with contactless stickers.

The four month pilot will see participants use PayPass Mobile Tag-equipped BlackBerrys to make purchases at any of the 8500 merchant locations in Canada that accept MasterCard's contactless technology.

The Mobile Tag is a self-adhesive device that is attached to the BlackBerry, containing the same chip and antenna found in a regular PayPass card.

In what the partners call a first, participants will receive a confirmation e-mail of each transaction sent to the phone, including purchase details such as the amount, retailer and date of transaction.

Scott Lapstra, VP, market development, MasterCard Canada, says: "Consumers have embraced mobile applications and we expect this new trial to have a significant impact on the way goods and services are paid for at the point of sale in the future."

David Heatherly, VP, payment products, BMO Bank of Montreal, adds: "This pilot will allow us to evaluate many aspects of the mobile payment experience and is an important step towards mainstream use and acceptance."
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