Mobile Payment Magazine

Canadian Bank CIBC Launches Mobile Banking App for iPad

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CIBC today announced the launch of a Mobile Banking App designed specifically for the iPad.

The launch makes CIBC the first major bank in Canada to deliver a native iPad mobile banking app, building on CIBC’s leadership in mobile financial services. The app enables CIBC clients to bank on their iPad using new interactive graphics and visuals, and leverages the full screen and capabilities of the iPad.

“Just as we did when we launched the first Mobile Banking App in Canada in 2010, CIBC is moving quickly to deliver banking services to our clients through the technology they use everyday,” said Michael Martin, Senior Vice President, Alternate Channels, CIBC. “Our new Mobile Banking App for iPad offers engaging features that utilize the iPad’s large, high resolution Retina display, and rich interactive graphics and visuals, making it easier to understand and manage your finances.”

“Clients are increasingly looking for greater flexibility and an anytime, anywhere connection to their banking, allowing them to take care of day to day transactions at a time and place that works for them,” added Mr. Martin.

Just as they can on CIBC’s award winning Mobile Banking App for the iPhone, clients can use the new CIBC Mobile Banking App for iPad to check account balances, transfer funds, pay bills and send Interac e-Transfers.

Clients can visit to view an online demonstration of the new CIBC Mobile Banking App for iPad, and download it for free. Clients can also download it from the App Store.

Source:  CIBC

NFC for Apple iPhones and iPads Could Disrupt Mobile Payment Industry

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Apple could cause some serious disruption in the mobile payments market if it enters that arena as reported, say analysts.

Reports noted earlier this week that Apple is planning to embed Near-Field Communications NFC technology into its next-generation iPhones and iPads. What’s likely to make Apple’s offering vastly different, however, is the company’s huge base of 160 million iTunes users, said Avivah Litan an analyst at Gartner. That base gives Apple the ability to operate largely as a “closed payment system” with minimal need to interface with credit card companies and banks, she said. “They can largely shut out credit card companies if they choose to,” and operate in much the same way that PayPal has done in the virtual world, she said.

via Computerworld

iPhone and iPad Will be Equiped with NFC for Mobile Payments, Says Consultant

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Apple Inc. plans to introduce services that would let customers use its iPhone and iPad computer to make purchases, said Richard Doherty, director of consulting firm Envisioneering Group.

The services are based on “Near-Field Communication,” a technology that can beam and receive information at a distance of up to 4 inches, due to be embedded in the next iteration of the iPhone for AT&T Inc. and the iPad 2, Doherty said. Both products are likely to be introduced this year, he said, citing engineers who are working on hardware for the Apple project.

via Bloomberg.