Mobile commerce venture EnStream and Desjardins Group, a Canadian credit union association, has agreed a deal that will allow members to download payments cards to Near Field Communication (NFC) enabled phones.
Smartphones on the Bell, Rogers, TELUS, MTS and SaskTel mobile networks across Canada will be able to benefit from the service, meaning consumers have another quick payment option for small transaction in stores that support the method.
The deal with EnStream allows Desjardins to focus on the development of its own branded banking apps and growing customer adoption rates, without needing to spend time and money ensuring compatibility with different wireless networks.
Drazen Lalovic, vice-president of market planning at TELUS, said: "From an overall industry perspective, EnStream reduces industry complexity and costs; once integrated into its platform, an issuer is able to leverage Enstream to access the secure element services of all its member operators."
Almis Ledas, chief operating officer at EnStream, claimed the new partnership gives credit, debit, loyalty and other card issuers the ability to "securely deliver credentials" to all NFC-enabled smartphones in Canada.
By Tony Aynsley