An agreement between CIBC and Rogers Communications Inc. to launch Canada’s first joint mobile payment system will allow Canadians to make credit card payments with their smartphones, the companies announced Tuesday. In a joint release, CIBC and Rogers said the mobile payment system will allow Canadians to use their CIBC credit card at the checkout using Rogers phones equipped with near field communication (NFC) technology. “Beginning later this year, customers will be able to use this payment capability at merchants across Canada where contactless credit card payments are accepted,” the release said. Rogers said in the release that the mobile payment capability would initially be made available on “select BlackBerry smartphones” on the Rogers wireless network later this year. The company added that additional device options will be made available once the service is launched. "Canadians are embracing new technologies at an accelerated pace and we know they're interested in using their smartphone for mobile payments,” Rob Bruce, president of communications at Rogers, said in the release. "We've been laying the foundation for mobile commerce and the ecosystem is ready to give Canadians the convenience, security, and peace of mind they deserve." The companies said this is “the first time a bank and a wireless carrier have joined forces to offer a commercially available mobile payments solution to Canadians that leverages the secure SIM card inside an NFC-enabled Rogers smartphone.” The companies said the new mobile payment system is in line with guidelines that were announced by the Canadian Bankers Association on Monday.