The Zoompass Tag allows consumers to tap their phones at checkout to make purchases at retail stores. By tapping a mobile phone with the Zoompass Tag on a contactless reader at the point-of-sale, payment is automatically drawn from the user’s Zoompass stored value account. Contactless payments remove the need for coins and cash, plus time spent waiting in lines and digging for change.
Customer’s financial information will be stored on secure servers, not on the mobile phone, so even if the phone is lost or stolen, the customer’s Zoompass account remains secure. Together, the Zoompass Tag and Zoompass application allow consumers to monitor their purchase transactions in real-time.
The trial will be offered to select Zoompass clients and is expected to last up to three months. The pilot will allow EnStream to evaluate many aspects of the mobile payment experience and shape the way Canadians pay for goods and services in the future.
Robin Dua, president of EnStream, said: “The new Zoompass Tag goes even further by allowing Canadians to make their regular store purchases quickly and securely, using only their mobile phone. All Zoompass users will soon be able to pay for their morning coffee, gas at the pump, and lunch at a fast-food restaurant with a quick tap of their mobile phone.
“Every transaction is logged in the Zoompass application and can be instantly seen on the mobile phone. This is very handy to track purchases and budgets in real-time.”
