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January 22, 2014updated 04 Apr 2017 4:09pm

RBC launches new NFC mobile payments service

Royal Bank of Canada (RBC) has launched a new NFC mobile payments service, designed to store card details of customers' in the cloud.

By Verdict Staff

Royal Bank of Canada (RBC) has launched a new NFC mobile payments service, designed to store card details of customers’ in the cloud.

Known as RBC Secure Cloud, the new wallet service has been launched on the Bell Mobility network and is currently available to customers on the Samsung Galaxy S III or Samsung Galaxy S4, reported NFC World.

The new service will allow customers to make payments from debit and credit cards using NFC-enabled Bell Mobility smart phones.

The wallet service will also support mobile payment methods such as QR codes or other standards.

However, RBC said that its customers will be able to make NFC payments using other mobile devices by spring this year.

RBC executive vice president of cards and payment solutions Linda Mantia told the news agency: "There will be a Wallet option within the RBC mobile app. When the consumer clicks that, it will get loaded for them and once it’s loaded, there will be a passcode that they enter at the point of sale and, when they want to make a transaction, they will tap or hover their device over the terminal."

"Our goal is to give customers maximum choice and by customers I mean both the merchant and the end consumer. We are working with our merchants for those who are interested in barcodes, QR codes, Bluetooth and other technologies."

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