In time for the holiday season, all eligible Bank of America credit and debit cards are now enabled with Paze, a fast and streamlined online checkout solution. Paze includes card tokenization, so that a cardholder’s 16-digit credit or debit card number is not shared with participating online merchants.
“Paze checkout offers real benefits for merchants and consumers,” said Rich Clow. “The new online checkout solution is the latest demonstration of how we innovate to solve real-world problems for our clients.”
Since the summer, when Bank of America began rolling out Paze, clients have experienced its convenience, which doesn’t require manual entry of card numbers, remembering passwords, or downloading third-party applications.
Cardholders can activate Paze through the bank’s mobile or online solutions, or directly through a participating merchant’s website at checkout. Additional information can be found on Bank of America’s website.
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Merchant clients have appreciated the solution’s ability to increase checkout conversion while aiming to reduce fraud, and that there is no transaction fee to offer Paze. Online electronics retailer, Newegg, recently adopted the new checkout solution.
“We’re excited to partner with Bank of America and introduce Paze checkout to enhance the online shopping experience for our customers,” said Andrew Choi. “At Newegg, we’re dedicated to providing the latest technology to PC enthusiasts, gamers, professionals, and early adopters. Paze checkout allows us to offer a fast, more streamlined checkout process, aligning perfectly with our commitment to innovation and customer satisfaction. Together, we’re making it easier than ever for our customers to access the tech and PC hardware they need.”
Bank of America is one of the seven founding members of Early Warning Services, LLC, the financial services company behind Paze. EWS works with a network of more than 2,500 financial institutions to increase access to financial services and products and protect financial transactions.
“People across the country enjoy the convenience of online shopping, from groceries to electronics to apparel. Yet too often, they face countless fields to fill out at guest checkout at merchant websites,” said Catherine Murchie. “Paze allows customers check out quickly and easily, without having to manually enter card details.”
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Source – prnewswire
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