Rogers holds hands with RBC / Visa for mobile phone payment pilot

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oshawapilot @ Oct 31st 2008 7:34AM

If they could do this so it debited the amount directly out of my bank account (as Canadians Interac-debit cards currrently work, except requiring a swipe and a PIN) it would take off. I'd love to be able to pay for small purchases with only the swipe of my cellphone, no PIN entry or signature required.

But, making all purchases default to a Visa credit card (instead of actually out of my POSITIVE balance bank account) is just another ploy to get people to run up their credit cards. $5 here and $5 there several times through the day all adds up by the end of the month. I use my debit card for probably anywhere from $10 to $100 worth of purchases a day (higher days = gas purchases), but I would NEVER use my Visa card the same way - I'd run up $500 or $1000 in a month easily before I ever saw my statement and actually realized how much I had spent.

Many will probably pay the minimum and expand their credit card balances as a result.

I'm sure that's their plan.

Many Canadians won't bite on that, and this is another plan doomed to fail like several others before it.

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