BMO offering Paypass for mobile phones
I think I will pick one of these up.
In 2009 BMO and MasterCard teamed up to trial mobile payments on BlackBerry devices. At the time the select user group fixed the “PayPass Mobile Tag” to the back of their device – a sticker with a chip inside – waived it in front of a PayPass terminal at were able to pay for items via their smartphone. While most new devices today are coming with NFC capabilities (Near Field Communications), this process of mobile payment is not revolutionary, but desperately needed in Canada.
EDIT: After looking into this further. Not sure if I will get this. I don't want a sticker on my iPhone, and I have concerns about security.