Canadian Imperial Bank of Commerce (CIBC)

88 results about this entity

Period: 29 Jul 2004 - 09 Jan 2024

CIBC eliminates fees on overseas remittances

CIBC (CM.TO) (CM) is eliminating the fees for Canadians to send money overseas, dramatically reshaping the $30-billion-a-year Canadian international remittance market with an innovative no-fee service making it cheaper and easier to send money back home to support family or manage personal affairs.

CIBC makes digital push

Canadian Imperial Bank of Commerce is stepping up its migration to digital services as it seeks to cut $600 million in costs by 2018 and see off a raft of new fintech competitors.

Canadians open to new banking technology - poll

A new poll by CIBC (CM.TO) (CM) finds that a majority of Canadians (67 per cent) say they are open to trying new banking or payment technology, such as depositing cheques by taking a photo with their mobile device or paying at the checkout with a wave of their smartphone.

Canadian telcos launch mobile wallet

Canada's leading telcos have launched a digital wallet that lets users make contactless payments with their handsets.

CIBC unveils Apple Watch app

At CIBC's 148th Annual General Meeting, the bank today announced the launch of its new CIBC Mobile Banking app for Apple Watch. Delivering this new way to bank continues CIBC's track record of putting banking innovations into the hands of our clients.

Apple Pay coming to Canada

Apple is hoping to launch its mobile payments service in Canada this autumn, although the firm is still wrangling with banks over fees and security concerns, according to the Wall Street Journal.

MasterCard and CIBC join $70m Dynamics funding round

MasterCard and Canadian bank CIBC have joined a $70 million series c funding round for Dynamics, an American outfit that makes "interactive" payment cards with buttons that users press to access different features.

CIBC teams with Telus on contactless mobile payments

As new research shows that Canadians just can't leave their smartphones alone, bank CIBC and telco Telus have teamed up to enable customers to make contactless payments with their handsets.

CIBC Suretap comes to Android; Rogers gets nod for banking start-up

CIBC in Canada has expanded support for its mobile payments app from BlackBerry-only to Android devices, as wireless partner Rogers receives approval to incorporate as a bank.

Tsys power outage hits Canadian Visa cardholders

A power outage at payments processor Tsys caused Visa's network in Canada to go down Monday, leaving customers throughout the country unable to use their cards.

Canadian m-payments group embed NFC tag in magazine ad

Canadian bank CIBC, telco Rogers and handset maker RIM are running a print magazine ad featuring embedded NFC in a bid to promote the technology and its use in their new mobile payments service.

CIBC and Rogers unveil mobile payments service

Canadian bank CIBC and telco Rogers have roped in Olympic gold medal-winning triathlete Simon Whitfield to carry out the country's first NFC mobile credit card payment.

Canadian carriers offload Zoompass joint venture

EnStream, the Canadian mobile-commerce joint venture created by Bell, Rogers and Telus, has offloaded its Zoompass mobile money service to pre-paid and virtual card management outfit Paymobile.

CIBC teams with wireless carrier Rogers for NFC-based mobile payments play

Canada's CIBC is joining forces with telco Rogers to develop a national NFC-enabled mobile shopping service.

Maple consortium launches TMX bid

A consortium of Canadian banks and pension funds have made a C$3.6 billion offer for TMX Group in a bid to scupper the exchange operator's planned merger with London's LSE.

LSE looks like facing competition for TMX from bank-backed Alpha ATS

With Canadian banks looking for ways to block TMX Group's merger with the London Stock Exchange (LSE), traders have begun betting on the proposal being trumped, according to Bloomberg.

Citi to sell Canadian MasterCard business to CIBC

Citi has agreed to sell its C$2.1 billion Canadian MasterCard credit card portfolio to CIBC as part of an ongoing effort to shed non-core assets. Financial terms were not disclosed.

CIBC chooses NCR for ATM network upgrade

The Canadian Imperial Bank of Commerce (CIBC) is upgrading its national network of over 3700 ATMs and installing new machines from NCR.

Canadian dealers to set up alternative trading platform

Seven of the biggest investment dealers in Canada are teaming up to establish an alternative trading system (ATS) in a bid to increase equity trading efficiencies and make the country more globally competitive.

CIBC completes C$90m ATM upgrade

The Canadian Imperial Bank of Commerce (CIBC) has completed a multi-year C$90 million upgrade of its national network of 3800 ATMs.