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Incumbent-owned EnStream inks deal with Desjardins for NFC-based mobile payments

EnStream, a mobile commerce company co-owned by Rogers, Bell and Telus, is partnering with Desjardins Group to allow its banking clients to use Desjardins payment cards on NFC-enabled devices across Rogers, Bell, Telus, MTS and SaskTel networks.

EnStream used to be the parent company of the little-used ZoomPass, a mobile payments facilitator that allows users to make quick money transfers across devices. But the next trend in mobile payments is bringing credit and debit cards to smartphones, and EnStream is taking steps to standardize the experience, beginning with Desjardins customers.

Customers will need a secure element such as a modified SIM card, which controls authentication across the wireless network, as well as a compatible NFC-capable smartphone such as an Android or BlackBerry device, to make credit card payments.

Eventually, EnStream also wants to be a users’ secure portal for “loyalty cards, transit passes and identity credentials,” according to Rogers’ VP of Emerging Business, David Robinson.

Earlier this year, EnStream partnered with SecureKey Technologies to provide authentication and verification services for smartphones across its partner carriers. Rogers is also working with CIBC on a mobile payment service called suretap, and Bell just announced a collaboration with RBC to bring mobile payments to its customers before the end of the year. MasterCard is also working with Canadian banks and credit/debit companies to expand it MasterPass program.

Desjardins will roll out its mobile payment system sometime in 2014.

Via: Newswire

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