Mazooma Offers Low-Interchange Online Payment Method to Discover Digital Merchants
July 28, 2011
Mazooma, a Toronto-based online payments provider, has introduced its micropay-in-a-box solution for Discover digital goods merchants. Micropay-in-a-box is an online payment method that connects consumers directly to their bank account from the merchant’s checkout page. Paying via a bank account can result in as much as a 71 percent reduction in merchant fees for digital content merchants, according to Mazooma. “With Mazooma’s micropay-in-a-box solution, Discover merchants selling digital content can enjoy instant, online payments, as well as ease of implementation, less technical resources and consolidated settlement and reporting,” said Farhan Ahmad, general manager of prepaid and director of emerging payments at Discover. “At Discover, we aim to provide our merchants with more payment choices, and we believe the relationship with Mazooma will do just that.” Mazooma’s micropay-in-a-box solution is available to Discover’s direct merchants using the Centinel Universal Merchant Platform through CardinalCommerce Corporation.