[Reuters] CIBC hopes to steal clients with "mobile wallets"

Posted by: UGN Security

[Reuters] CIBC hopes to steal clients with "mobile wallets" - 05/16/12 12:36 AM

TORONTO (Reuters) - Canadian Imperial Bank of Commerce is hoping its deal with Rogers Communications to allow customers to pay for purchases with smartphones will help it steal clients from banking rivals who must now rush to match the offering.