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News : Local Last Updated: May 23, 2018 - 9:32:11 PM


RBC becomes the first bank to launch contactless payment technology for merchants across the Caribbean
By Sharell Carroll
May 23, 2018 - 1:18:41 PM

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RBC contactless-enabled point-of-sale devices across the Caribbean will allow merchants to accept contactless-enabled payment cards, enhancing the overall point-of-sale experience for their customers

Nassau Bahamas — Over the coming weeks, RBC will be enhancing its Merchant Services across the Caribbean region by enabling RBC point-of-sale devices with contactless payment acceptance, or “Tap” as it is more commonly referred to. RBC is the first bank in the Caribbean to offer this for merchants across the region.

“We are proud to be taking these next steps with contactless acceptance in our markets,” said Rob Johnston, Head, Caribbean Banking, RBC. “This enhancement further demonstrates our commitment to better serve our clients by providing innovative and secure payment solutions.”

Contactless payment technology is a secure method to purchase products or services via contactless-enabled payment cards, using Near Field Communication (NFC). It offers significant advantages to both merchants and their customers by improving the convenience and speed of smaller payment transactions. This new technology facilitates purchases with a contactless-enabled payment card by allowing our merchants’ customers to simply “Tap to Pay” for a purchase on RBC NFC-enabled point-of-sale devices.

Customers will be able to use contactless-enabled payment cards from any issuer at RBC point-of-sale devices.

“Our investment in contactless payment technology is another step forward to achieve our strategic priorities and bring the bank of the future to our clients,” added Johnston. “RBC is serious about innovation and this investment is just one of the ways we are enhancing our digital capabilities across the Caribbean.”

For more information on RBC Digital Banking in the Caribbean, or to sign-up, please visit: rbcroyalbank.com/caribbean/digital-hub.

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