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STORY SUMMARY: TORONTO, May 10, 2016 – Beginning today, CIBC (TSX: CM) (NYSE: CM) is offering Apple Pay as another simple and secure payment option. CIBC clients can now add their Visa or MasterCard credit card, or Interac debit card, to Apple Pay on compatible Apple devices and start paying for everyday purchases with their phone wherever contactless payments are accepted.
"Delivering Apple Pay is all about our focus on the changing needs of our clients," says David Williamson, Senior Executive Vice President, Retail and Business Banking, CIBC. "Being able to do more everyday banking through a mobile device is now essential to client experience, which is why we are focused on delivering innovations like Apple Pay to our clients."
Interview with Todd Roberts, Senior Vice President, Innovation, CIBC
AUDIO CLIP 1 – 00:00–00:09
Suggested Intro: Apple Pay is fast, easy and secure for merchants and customers. Todd Roberts, Senior Vice President, Innovation, CIBC, shows how shopping is with an iPhone and a typical payment terminal…
Clip: "Apple Pay is really easy to use. All you have to do is take your phone, pick your card, hold it over the reader, and it's done."
AUDIO CLIP 2 – 00:10-00:20
Suggested Intro: CIBC is launching Apple Pay for clients, starting today. Todd Roberts, Senior Vice President, Innovation, CIBC, explains…
Clip: "We're really excited to be offering Apple Pay to our clients, [we're] one of the first banks in Canada to do so. It's about giving our clients great choices, about innovative new ways to pay."
AUDIO CLIP 3 – 00:21-00:35
Suggested Intro: With Apple Pay, CIBC clients can pay with their iPhones or Apple Watches at most major retailers in Canada. Todd Roberts, Senior Vice President, Innovation, CIBC, says offering choice in payment options is important…
Clip: "Our job is to give clients great ways to pay; what's convenient for them. So we give them as much choice as we can, we give them highly secure payment methods, and it's up to them to pick what makes sense for banking that fits their life."
AUDIO CLIP 4 – 00:35-00:52
Suggested Intro: Apple Pay is now available in the United States and Canada, as well as the UK, Australia, China and Singapore. CIBC's Senior Vice President, Innovation, Todd Roberts, explains why Canadians are ready for mobile payments…
Clip: "Canadians love their smartphones. We have one of the highest concentrations of smartphone usage in the world. A recent study by our bank showed that over two thirds of Canadians are very open to using their smartphone for mobile banking and mobile payments."
STATIONS, FOR FURTHER INFORMATION, PLEASE CONTACT:
Olga Petrycki, Director, External Communications, CIBC
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May 10, 2016
Audio with caption: "AUDIO: Apple Pay launches today for CIBC clients". Audio available at: http://stream1.newswire.ca/media/2016/05/10/20160510_C4594_AUDIO_EN_685593.mp3