What's New in Payments

More than half of consumers in US, Canada and UK expect to abandon cash in next two years

Consumers to abandon cash by 2020 — Paysafe — “In Canada and the UK, contactless has paved the way for this new era of payments, with three out of five consumers regularly using it for purchases, 62% citing it as more convenient than cash, and 44% stating they preferred to shop in places that take contactless… However, it is America that is very much leading the way in new payment methods with nearly a third (31%) using mobile wallets and one in seven using cryptocurrencies.”


RBC first bank in Canada to enable bill payments using Siri

RBC first bank in Canada to enable bill payments using Siri — Royal Bank of Canada — “Thanks to an update to the RBC Mobile app, Royal Bank of Canada personal banking clients are now the first in Canada who can ask Siri to pay their bills on iPhone and iPad. RBC also launched seamless Interac e-Transfer payments within iMessage, which means clients can send a transfer without leaving their iMessage window.”


What's New in Payments

Moneris study reveals 36% contactless payment increase in Canada

Moneris study reveals 36% contactless payment increase in Canada — MobileSyrup – “Moneris unveiled a 36.29% year-over-year gain, possibly due to Android Pay recently launching in Canada, and with little more than a year since Apple Pay’s full Canadian release… Within the next five and a half months Moneris predicts that 50% of all Canadian transactions will be contactless.”


What's New in Payments

TD Canada for iOS now lets you easily add TD cards to Apple Pay

TD Canada for iOS now lets you easily add TD cards to Apple Pay — iPhone in Canada – “TD Canada for iOS has been updated to make it easier to add your TD cards to Apple Pay… This update will assist new Apple Pay users to easily adopt the mobile wallet, as all they have to do is verify their TD cards within the bank’s iOS app, instead of scanning or manually entering numbers within Apple Wallet.”



Scotiabank adds multi-loyalty programs to mobile banking apps

Customers of Canada’s Scotiabank can now add, access and track their loyalty cards from 18 different programs using the bank’s mobile banking and My Mobile Wallet apps, which have been integrated with “multi-loyalty program functionality” supplied by loyalty network Points... More



What's New in Payments

Chinese mobile payment apps launch in Vancouver, Toronto

Chinese mobile payment apps launch in Vancouver, Toronto — The Globe and Mail — “OTT Financial Inc is working with Chinese Internet giants Tencent and Alibaba to introduce their mobile-payment infrastructure in Canada. The two apps, WeChat Pay and Alipay, are linked with users’ credit cards and allows them to make payments in renminbi, which is then converted to Canadian dollars before it’s transferred to merchants.”





What's New in Payments

Android Pay begins its rollout across Canada

Android Pay has begun rolling out across Canada with support for eligible Visa and Mastercard credit cards from BMO Bank of Montreal, CIBC, Banque Nationale, Scotiabank, Desjardins, President’s Choice Financial, ATB Financial and Canadian Tire Financial Services as well as prepaid Scotiabank and Desjardins cards... More


What's New in Payments

Public-private sector digital currency experiment releases results of phase II

Public-private sector digital currency experiment releases results of phase II — Payments Canada — “The Bank of Canada, along with Payments Canada, R3 and seven commercial banks, today disclosed the results of phase II of Project Jasper, an experimental wholesale interbank payment system, using digital ledger technology (DLT)… The results show that, despite progress made, underpinning an entire wholesale payments system with DLT still faces many hurdles.”


What's New in Payments

Android Pay to launch in Canada on May 31

Android Pay to launch in Canada on May 31 — MobileSyrup — “Android Pay is finally set to launch in Canada on May 31st, according to sources that have reached out to MobileSyrup with internal documents… It’s unclear how widespread bank support will be for Android Pay when it launches. We do, however, know that Android Pay will work with ‘major credit and debit cards in Canada’.”



Researchers create a T-shirt that monitors the wearer’s breathing rate in real time

Researchers create a T-shirt that monitors the wearer’s breathing rate in real time — Université Laval — “The key to the smart T-shirt is an antenna sewn in at chest level that’s made of a hollow optical fiber coated with a thin layer of silver on its inner surface. The fiber’s exterior surface is covered in a polymer that protects it against the environment… As the wearer breathes in, the smart fiber senses the increase in both thorax circumference and the volume of air in the lungs… These changes modify some of the resonant frequency of the antenna.”