I wasn't sure which forum to put this in, so I figured this was the best.
Anyways, I've been looking forward to the NFC features coming with WP8 but I have some questions that I haven't been able to get cleared up on my own. I'm in Canada so my question pertains mostly to how it would function up here (if there is a difference at all).
Rogers recently partnered with CIBC to start allowing NFC payments via mobile phones. To my understanding, this requires an NFC SIM (no NFC on the chip, just that it has an encryption that allows NFC payments) and that it will allow you to use debit and credit cards from CIBC on certain NFC enabled terminals.
Now, here's my confusion. Allow me to illustrate it with a scenario. This was how I first envisioned the WP8 wallet:
I have a Visa through my primary bank (not CIBC) and a debit card for the same bank. In Southern Ontario, the standard from VISA is that your credit card contains both a verification chip and an NFC chip. Debit cards in this area are the same but without NFC. Essentially, there is the stripe, the chip, and the NFC "tap n' pay". So, since my VISA is already NFC enabled I enter my VISA number, expiry date, full name on the card, etc into the Wallet on WP8. Then, using the Wallet, I can enter my Wallet pin, select my visa, select "pay with NFC" and tap the phone to the VISA paypass enabled terminal. This will detect my Visa's information in the exact same way it would if I used the actual card to "tap n pay", and the payment is complete.
So my question is; is this how it will work?
Does the NFC functionality effectively replace existing Visas and Mastercards at Visa and Mastercard enabled NFC terminals or will this only work if the bank has set it up like how CIBC and Rogers have?
To my understanding, this NFC SIM and support from the bank would be required to do this with debit cards that are NOT NFC enabled, but I don't see why this would be needed for credit cards that already support this.
Clarification on the finer details of this would be fantastic.
Anyways, I've been looking forward to the NFC features coming with WP8 but I have some questions that I haven't been able to get cleared up on my own. I'm in Canada so my question pertains mostly to how it would function up here (if there is a difference at all).
Rogers recently partnered with CIBC to start allowing NFC payments via mobile phones. To my understanding, this requires an NFC SIM (no NFC on the chip, just that it has an encryption that allows NFC payments) and that it will allow you to use debit and credit cards from CIBC on certain NFC enabled terminals.
Now, here's my confusion. Allow me to illustrate it with a scenario. This was how I first envisioned the WP8 wallet:
I have a Visa through my primary bank (not CIBC) and a debit card for the same bank. In Southern Ontario, the standard from VISA is that your credit card contains both a verification chip and an NFC chip. Debit cards in this area are the same but without NFC. Essentially, there is the stripe, the chip, and the NFC "tap n' pay". So, since my VISA is already NFC enabled I enter my VISA number, expiry date, full name on the card, etc into the Wallet on WP8. Then, using the Wallet, I can enter my Wallet pin, select my visa, select "pay with NFC" and tap the phone to the VISA paypass enabled terminal. This will detect my Visa's information in the exact same way it would if I used the actual card to "tap n pay", and the payment is complete.
So my question is; is this how it will work?
Does the NFC functionality effectively replace existing Visas and Mastercards at Visa and Mastercard enabled NFC terminals or will this only work if the bank has set it up like how CIBC and Rogers have?
To my understanding, this NFC SIM and support from the bank would be required to do this with debit cards that are NOT NFC enabled, but I don't see why this would be needed for credit cards that already support this.
Clarification on the finer details of this would be fantastic.