“Canadians are ready to start paying for everyday items using their mobile device, but they want all of the benefits and rewards they’ve come to expect from their credit card,” said CIBC’s David Williamson, head of retail and business banking.
CIBC (TSX:CM) and Rogers Communications Inc. (TSX:RCI.B) are launching mobile payments in Canada on Friday. Olympic gold medallist Simon Whitfield will showcase the technology at a Tim Hortons (TSX:THI) outlet in downtown Toronto.
The poll found that 47 per cent of Canadians with smartphones would consider using them like credit cards.
Friday Nov 2/2012 – yahoo.ca
All I can say is, “Wow.”
This is one of those articles meant to make us think…”If 47% of the people are willing to do this, I guess I should at least consider it.” Through propaganda like this, one step at a time, we’ll soon all be walking around with a microchip under our skin. The equivalent of ‘a number’ tattooed to our foreheads. (Isn’t that where the number of the beast goes?)
At the very least, I’d be very worried about security. Hackers have learned to hack into our computers, iPods and the PIN pads in stores. They’ve become accomplished at phishing and a million other scams that I’m not even aware of. Seems to me that paying through your not-so-smart phone would be a hackers dream come true.
I’m definitely not included in the 47% … assuming there really is a 47%.