And if you're out and you need to pay for something, most people always have a phone with them so it's really convenient. A prepaid credit card is an alternative but these can often be expensive with monthly upkeep fees on some of them.

“And because Zoompass uses its own money account to store funds, nothing need come from your own bank account.”

Are you saying that this is an advantage? Although they can make it convenient, it seems annoying to now have to manage yet another “bank account”. IMO, the strongest part of the product today is the free prepaid reloadable Mastercard.

http://www.americanbanker.com/btn_article.html?id=20090526PY2Z88GU
.-= Kasey Skala´s last blog post …What about the small brands =-.

Thanks for your feedback! You’re right – splitting bills between friends, or collaborating on buying a gift, or even collecting membership fees for your soccer team, are great examples of uses for Zoompass.

Re: the U.S. – right now we’re focused on our initial launch in Canada and getting feedback from Canadians so we can help to make Zoompass even more convenient and useful.

Dave
.-= Dave Fleet´s last blog post …How can I use Zoompass? =-.

I’m not sure about a U.S. launch at the moment, since it’s a Canadian mobile solution. However, if you check in with Dave Fleet who has commented above, I’m sure he’d be happy to offer any info.

Thanks for stopping by, and Touchpoint sounds an interesting possible collaborator.

One of the companies I work with, Touchpoint Technologies, provides opt-in direct marketing for small businesses and it would be great to be able to build a network of participating merchants and integrate a mobile device payment option. It will be interesting to see if Zoompass is used in that way.

Thanks for the article! When is the U.S. launch?

If Zoompass shows that it’s easy to pay for something as well as receive money and businesses are encouraged to accept mobile Zoompass payments as well as the pre-paid credit card ones, then I think they could be onto something really good.

Like you say, if it’s not Zoompass this time around there are others waiting in the wings, and the consumer wins. Which is what every successful business trades off.

Lots of great “tests” out there. I know my company is working on a new technology to combine these two models as well.

Who wins? The consumer.
.-= Kasey Skala´s last blog post …Why research is important =-.

If Zoompass can keep it simple and appeal to the folks that use apps as if they’re second nature, yet also the common consumer, I think they could have a pretty powerful tool on their hands.

Look forward to seeing where it goes.