RBC and Bell to launch secure mobile payments solution

Canada’s largest bank and Canada’s largest communications company to offer efficient and secure mobile way to purchase goods and services with credit and debit

TORONTO & MONTRÉAL, May 9, 2013 – RBC and Bell today announced the upcoming availability of an easy, fast and secure way for RBC mobile banking customers to purchase goods and services with debit or credit by simply using their compatible Bell Mobility smartphones.

“RBC is excited to team up with Bell to provide our mutual clients with an integrated mobile solution for debit and credit payments,” said Dave McKay, Group Head, Personal and Commercial Banking, RBC Royal Bank. “This is the first piece of a broad RBC mobile commerce solution rolling out to clients this year, all delivering the great, robust user experience and the security that RBC is known for.”

The new mobile payments solution will be seamlessly integrated into RBC’s existing mobile banking app and will appear as an additional option on the home screen, together with RBC’s peer-to-peer solution that offers a simple way for an RBC customer to send money to any person or business in Canada.

By the end of this year, RBC and Bell Mobility customers will be able to securely pay for transactions with their RBC debit or credit cards using the BlackBerry Z10, Q10, Bold 9900, Bold 9790 or Curve 9360, and a range of Android devices from manufacturers such as Samsung, Sony, HTC, LG and more.

“Canada’s largest banking institution and Canada’s largest communications company are working closely together to ensure reliability, security and ease of use in mobile commerce,” said Wade Oosterman, President of Bell Mobility and Residential Services, and Chief Brand Officer at Bell. “With RBC and Bell, mobile commerce just got better.”

The two companies expect to make the service broadly available by the end of the year and will be road testing the solution with consumer and merchant customers over the summer.

In the development of their solution, RBC and Bell are adhering to all major card association regulations, international interoperability standards developed by the mobile GSM Association, as well as established security and interoperability standards ensuring the transaction receives similar safety and customer protection for unauthorized use to a traditional credit card. Data is stored securely on NFC SIM cards certified by major credit card providers to their international security standards. In future, Bell will make NFC SIM cards available to all NFC-capable devices.

About RBC and Payments Innovation
RBC is at the forefront of payments innovation to the Canadian marketplace. We provide industry-leading mobile banking flexibility and convenience to clients through RBC Mobile Apps (opens new window) – available for Android, BlackBerry, iPhone, iPod Touch and iPad – backed by our RBC Online Banking Security Guarantee (opens new window). Further information about RBC mobile solutions is available atwww.rbcroyalbank.com/mobile (opens new window). RBC is one of North America’s leading diversified financial services companies, providing personal and commercial banking, wealth management services, insurance, investor services and wholesale banking on a global basis. We employ approximately 80,000 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 49 other countries. For more information, please visit rbc.com.

Read original press release here.

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