RBC Wallet now available: First Mobile Solution to provide Canadians with the
Choice of Debit or Credit
RBC engaging consumers and merchants in shaping the future of mobile commerce
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
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, and is wholly
owned by Montréal's BCE Inc. (TSX, NYSE: BCE). For more information, please
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 visit rbc.com.
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 sponsorships.
Suzanne Willers, RBC Communications, 416-974-2727 Kate Yurincich, RBC
Communications, 416-974-1031 Jason Laszlo, Bell Media Relations, 1 855 614-6602
Image with caption: "Mobile Commerce is gaining momentum worldwide. Find out
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