CIBC Brings Industry-Leading Mobile Payments App to Android Smartphones

CIBC Brings Industry-Leading Mobile Payments App to Android Smartphones 
CIBC credit card holders can now pay with their Samsung Galaxy S3 from Rogers; 
poll shows strong growth potential for mobile payments in Canada 
TORONTO, May 9, 2013 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced an 
expansion of the CIBC Mobile Payments App to Android smartphones from Rogers. 
This means that hundreds of thousands of Canadians will now have the 
opportunity to start paying for everyday purchases using their phone. 
The CIBC Mobile Payments App is now available for the Samsung Galaxy S3 
smartphone and will expand to additional Android devices in the coming weeks. 
The App can be downloaded from Google Play. Contactless Visa or MasterCard 
credit card payments using the App are already accepted at thousands of 
retailers in Canada for purchases under $50. The CIBC Mobile Payments App 
offers a number of safeguards for clients making it as secure as the credit 
card they use today, including proven bank chip technology, optional user 
passwords, and encryption to store credit card information in a secure 
component of the phone's SIM card. 
"We are excited that more of our clients can now make everyday purchases at 
their favourite retailer simply by holding their Android device up to a 
contactless payment terminal," said David Williamson, Senior Executive Vice 
President and Group Head, Retail and Business Banking for CIBC. "Since 
launching mobile payments in 2012, the number one question from our clients 
has been about when they can use the App on their Android phones, which speaks 
to the importance of today's announcement." 
In November 2012, CIBC became the first bank in Canada to complete a mobile 
credit card transaction using an NFC enabled smartphone. 
Majority of Canadians 45 and under own a smartphone, many interested in mobile 
A recent CIBC poll conducted by Harris/Decima found 68 per cent of Canadians 
between ages 18-44 say they own a smartphone and 46 per cent of these owners 
say they are interested in paying for everyday purchases using their 
"To understand the potential for mobile payments, you just have to look around 
at the number of Canadians who take their smartphone with them everywhere they 
go," noted Mr. Williamson. "Whether it's walking by the coffee shop on the way 
to work, or picking up a few items at the grocery store, Canadians always have 
their smartphone within reach, making it a convenient way to pay for everyday 
"Giving Canadians the capability to bank on the go and make payments with 
their phone is rapidly becoming an important part of their relationship with 
their bank, and we will continue to invest in these services going forward." 
Mr. Williamson noted that CIBC expected to roll out the CIBC Mobile Payments 
App to additional Android devices in the coming weeks, and announce further 
expansion plans in the months ahead. 
*Each week, Harris/Decima interviews just over 1000 Canadians through teleVox, 
the company's national telephone omnibus survey. These data were gathered in a 
sample of 2,004 Canadians between March 21- April 2 2013. A sample ofthis 
size has a National margin of error of +/-2.2%, 19 times out of 20 
CIBC is a leading North American financial institution with nearly 11 million 
personal banking and business clients. CIBC offers a full range of products 
and services through its comprehensive electronic banking network, branches 
and offices across Canada, and has offices in the United States and around the 
world. You can find other news releases and information about CIBC in our 
Press Centre on our corporate website at 
Kevin Dove, Head of External Communications at 
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CO: Canadian Imperial Bank of Commerce
ST: Ontario
-0- May/09/2013 12:46 GMT
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