BlackBerry in deal with EnStream on mobile payments system

[Wireless News]

http://l1.yimg.com/bt/api/res/1.2/nMrjSYSyE36sZV_ms29_yg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-06-12T133307Z_1_LYNXMPEA5B0LA_RTROPTP_2_BLACKBERRY-OFFER-FAIRFAX.JPG (http://news.yahoo.com/blackberry-deal-enstream-mobile-payments-system-133307128--finance.html)By Euan Rocha TORONTO (Reuters) - BlackBerry Ltd said on Thursday it has signed a agreement with EnStream LP, a mobile payments joint venture owned by Canada's three large wireless carriers, to provide a secure platform for transactions between banks and consumers. Under the deal, EnStream would use BlackBerry infrastructure so financial institutions and mobile operators can securely store sensitive payment card details on any smartphone capable of using a near field communication (NFC) tag. NFC tags allow mobile devices to communicate with each other or other machines like credit card payment systems, by merely tapping the two together. The institutions would include top Canadian lenders Royal Bank of Canada, Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, The three-year deal marks the renewal of a preliminary tie-up initially struck in late 2012 between BlackBerry and EnStream, which is jointly owned by Rogers Communications Inc, BCE Inc and Telus Corp. The deal marks the latest move by the smartphone pioneer to expand its services business.



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