RBC engaging consumers and merchants in shaping the future of mobile
commerce in Canada
TORONTO, Jan. 22, 2014 /CNW/ - The RBC Wallet, powered by RBC Secure Cloud, is now available, enabling RBC Mobile clients to purchase goods and
services with their RBC Interac Debit or Visa credit cards using their Bell Mobility Android smartphone.
RBC is the first Canadian financial institution to provide clients with
the choice of using debit or credit for their mobile payments.
"We are excited to bring the RBC Wallet to RBC and Bell Mobility
clients," said Dave McKay, group head, Personal & Commercial Banking,
RBC. "Our vision is for the RBC Wallet to work on all phones, with all
carriers, and include value-added services and solutions - all safely
secured in RBC Secure Cloud. As technology is rapidly changing, we
chose a phased approach, enabling us to bring this exciting new
technology to a portion of our clients right now, with many
enhancements to follow."
The RBC Wallet powered by RBC Secure Cloud is currently available to RBC
clients who have a Samsung Galaxy S III or Samsung Galaxy S4, some of
the most widely adopted Near Field Communication (NFC) enabled
smartphones, operating on the Bell network, and have an upgraded
NFC-enabled SIM card. Using NFC technology, the RBC Wallet enables
consumers to pay for small purchases using their phones at merchant
locations that accept contactless payments, similar to Interac Flash or Visa PayWave.
"Canada's largest bank and Canada's largest communications company have
partnered to make your everyday purchases easier and more convenient
with your smartphone," said Wade Oosterman, president of Bell Mobility
and Residential Services, and chief brand officer at Bell. "Bell is
proud to partner with RBC to enable payments using the country's
largest 4G mobile network and the latest smartphones, delivering the
benefits of mobile commerce to Canadians everywhere."
Late last year, RBC engaged a cross-section of customers, merchants,
network operators, acquirers and RBC employees in an extensive road
test. The participants were provided a smartphone and access to
services - real and future - and their feedback has helped shape
today's offering and will shape future capabilities of the RBC Wallet.
"We will not bring anything to market until we are confident that we
have the very best solution, which meets the needs of our customers,
merchants and all other partners," added McKay.
The RBC Wallet offers added security and protection as client payment
information, including card details, is stored virtually within RBC
Secure Cloud and not on the phone. Furthermore, payments made with the
RBC Wallet are protected by the RBC Online Banking Security Guarantee. To download, visit the App Store, text "RBC" to 722722 or visit www.rbc.com/securecloud. The RBC Wallet will be adding MasterCard and be available on more
devices in the spring of 2014.
In continuing to engage and further RBC's mobile commerce solution, on
January 20, 2014, RBC held its first Emerging Payments Merchant Forum
with more than 50 merchant participants in attendance, representing 34
leading Canadian retailers, including the national merchants who
participated in the road test. This unique and innovative event
explored the ever-changing mobile landscape and provided key industry
leaders with an exclusive look at RBC's mobile vision, as well as
value-added services and solutions that will benefit customers, credit
and debit networks, financial institutions and merchants.
Bell is Canada's largest communications company, providing consumers and
business customers with wireless, TV, Internet, home phone and business
communications services. Bell Media is Canada's premier multimedia
company with leading assets in television, radio and digital media.
Bell is wholly owned by Montréal's BCE Inc. (TSX, NYSE: BCE). For more
information, please visit Bell.ca.
The Bell Let's Talk mental health initiative is a national charitable
program that promotes Canadian mental health across Canada with the
Bell Let's Talk Day anti-stigma campaign and significant funding for
community care, research and workplace best practices. To learn more,
please visit Bell.ca/LetsTalk.
About RBC and Payment Innovation
RBC is at the forefront of payment innovation in the Canadian
marketplace. We provide industry-leading mobile banking flexibility and
convenience to clients through our RBC Mobile app and RBC Canada app - available for Android, BlackBerry, iPhone, iPod Touch, iPad and
Windows 8 - backed by our RBC Online Banking Security Guarantee. Further information about RBC mobile solutions is available at www.rbcroyalbank.com/mobile. More information about the RBC Wallet is available at www.rbc.com/securecloud.
Royal Bank of Canada (RY on TSX and NYSE) is Canada's largest bank and
one of the largest banks in the world, based on market capitalization.
We are one of North America's leading diversified financial services
companies, and provide personal and commercial banking, wealth
management services, insurance, investor services and capital markets
products and services on a global basis. We employ approximately 79,000
full- and part-time employees who serve more than 15 million personal,
business, public sector and institutional clients through offices in
Canada, the U.S. and 44 other countries. For more information, please
RBC supports a broad range of community initiatives through donations,
sponsorships and employee volunteer activities. In 2012, we contributed
more than $95 million to causes worldwide, including donations and
community investments of more than $64 million and $31 million in
Image with caption: "Mobile Commerce is gaining momentum worldwide. Find out where Canada and RBC stand. (CNW Group/RBC)". Image available at: http://photos.newswire.ca/images/download/20140123_C4284_PHOTO_EN_35815.jpg
For further information:
Suzanne Willers, RBC Communications, 416-974-2727
Kate Yurincich, RBC Communications, 416-974-1031
Jason Laszlo, Bell Media Relations, 1 855 614-6602