Canadian banks introduce mobile payment guidelines
TORONTO May 14 (Reuters) - Canada's banking industry on Monday introduced voluntary guidelines for the f ledgling mobile payments industry as banks seek to establish open standards for secure transactions over smartphones.
The Canadian Bankers Association, a trade body representing banks operating in the country, presented the guidelines as a blueprint for rolling out services enabling consumers to pay for goods with a swipe of their smartphones.
Canada is in a good position to take a leading position in mobile payments. Thousands of retailers already have the necessary equipment in place.
The guidelines can be found here: