Fast, tokenized Paze checkout brings Nuvei merchants enhanced security, reduced cart abandonment, and increased conversion, all through a simple integration process.
Nuvei, a Canadian payment technology company, has partnered with Zelle operator – Early Warning Services, specializing in identity, authentication, risk management, and payment solutions, for an integration of its digital, bank-branded online checkout solution, Paze.
Paze is designed to simplify and secure online purchases with a unified digital wallet solution, tokenization, consolidated payment options, and easy authentication for customers. It replaces actual card numbers with single-use tokens so that no sensitive card data is stored by the provider, making the checkout process harder to compromise.
The online checkout eliminates the need for manual card entry or account creation by allowing consumers to pay using credit or debit cards they already hold with participating banks. Shoppers can activate Paze either via their bank’s mobile app or during checkout at a participating retailer. The checkout solution collects minimal personal information (encrypted email/phone, device data, etc.) to facilitate wallet creation, authentication, transaction processing, and analytics.
Nuvei will offer this integration for its U.S. customers, as the service is available only to eligible United States users, and its data processing infrastructure is also U.S.-based. There is currently no mention of international rollout or expansion of this solution beyond the U.S. market, where Nuvei processes billions of consumer transactions annually.
Nuvei is a global payment technology provider. However, more than half of its revenue comes from North America, which is primarily driven by the U.S. market.
Read more about Nuvei:
