ZoomPass is a new payment service that lets you send and receive money from you mobile phone.

Launched today in Canada, what is notable is that EnStream LP, the company that created ZoomPass, is a joint-venture company owned by Canada's three biggest mobile phone companies, Bell Canada, Rogers and Telus.

The collaborative effort will mean a common standard and interoperability for mobile money transfers across all cellular networks in Canada. The service is available to mobile users on the three main networks as well as their sub-brands and affiliates.

How it works

1. Sign-up and create a secure Zoompass account.
2. Link your bank account or credit card to load and transfer funds.
3. Access your Zoompass account from an online computer, mobile web or using an app on your mobile phone.
4. From your account you can transfer money, request money, check your balance and review your transaction history.

The service is currently only available to mobile phone subscribers ages 18 or older.

Keeping your cash safe

EnStream LP notes that transactions run on a highly secure payment system safeguarded by cutting-edge encryption technologies. Similar to a bank card, users select a secure Personal Identification Number (PIN), which must be entered for every transaction.

Customer financial information is stored on secure servers, not on the mobile phone, protecting the user's account in case the phone is ever lost or stolen.

To learn more or sign-up, visit www.zoompass.com.

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