Latest news with #EarlyWarningServices
Yahoo
3 days ago
- Business
- Yahoo
Worldpay collaborates with Early Warning for Paze checkout
Payments entity Worldpay has teamed up with Early Warning Services to offer the Paze checkout option to its US merchant network. This alliance was announced at Worldpay's annual client and partner event, Rethink, and is designed to streamline online payments while increasing security for consumers. Paze is an online checkout system created by Early Warning Services, which is available through several banks and credit unions in the US. The system allows consumers to pay with their preferred credit and debit cards, with enhanced security provided by tokenisation and digital authentication. Cardholders are not required to register or download any additional applications to use Paze where it is accepted. By using network tokenisation, Paze ensures that consumer payment details are better protected compared to traditional manual entry to result in higher authorisation rates for merchants. Worldpay's US merchants utilising hosted payment pages will soon have Paze available as a checkout option. Worldpay chief product officer Cindy Turner said: 'At Worldpay, we're committed to giving merchants more choice and flexibility in how they serve today's digital-first consumers. By making new checkout options like Paze available to our merchants, we're making it easy for them to offer convenient checkout that boost conversion and customer confidence because they don't have to share card details directly.' Early Warning Services chief partnerships officer Eric Hoffman stated: 'Paze was created to meet the rising demand for a fast and convenient digital checkout. Through this collaboration with Worldpay, we're making Paze instantly accessible to thousands of U.S. merchants, supporting our goal of nationwide coverage. 'This will bring added convenience and added security through tokenisation to the 150 million consumers that already have access to Paze through their bank or credit union they already know and use.' Last month, Worldpay partnered with BVNK, a South African stablecoin payments firm, to offer stablecoin payout capabilities to its global clientele. "Worldpay collaborates with Early Warning for Paze checkout " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
4 days ago
- Business
- Finextra
Worldpay to offer Early Warning's Paze as a checkout option
Worldpay and Early Warning Services have announced a new partnership at Worldpay's annual client and partner event, Rethink, to enable Paze as a checkout option available to its merchants. 0 Paze is an online checkout solution developed by Early Warning Services that is offered by leading banks and credit unions in the U.S. The convenient Paze checkout experience enables consumers to pay online with their preferred credit and debit cards via added security through tokenization, and seamless digital authentication. 'At Worldpay, we're committed to giving merchants more choice and flexibility in how they serve today's digital-first consumers,' said Cindy Turner, chief product officer at Worldpay. 'By making new checkout options like Paze available to our merchants, we're making it easy for them to offer convenient checkout that boost conversion and customer confidence because they don't have to share card details directly.' Leading banks and credit unions enable Paze for their eligible cardholders, and cardholders do not need to sign up or download an additional app to use the checkout option where available. Recent research from Worldpay found that 68% of consumers selected a checkout method based on convenience and 48% abandoned a cart due to too many steps to complete checkout. 'Paze was created to meet the rising demand for a fast and convenient digital checkout,' said Eric Hoffman, chief partnerships officer, at Early Warning Services. 'Through this collaboration with Worldpay, we're making Paze instantly accessible to thousands of U.S. merchants, supporting our goal of nationwide coverage. This will bring added convenience and added security through tokenization to the 150 million consumers that already have access to Paze through their bank or credit union they already know and use.' Working together, Worldpay and Early Warning Services are bringing new levels of convenience and security to online checkout. Because purchases made using Paze utilize the network tokenization framework, the consumer's credentials are more secure than traditional manual entry and merchants can experience higher authorization rates. Seamless checkout can increase conversion rates by reducing the steps and friction to complete a purchase. Worldpay's vast merchant network in the U.S. using hosted payment pages will soon see Paze as a checkout option, and others will be able to 'turn on' Paze as a checkout option with limited integration needed.
Finextra
4 days ago
- Business
- Finextra
Paze comes to Worldpay
Worldpay and Early Warning Services have announced a new partnership at Worldpay's annual client and partner event, Rethink, to enable Paze as a checkout option available to its merchants. 0 Paze is an online checkout solution developed by Early Warning Services that is offered by leading banks and credit unions in the U.S. The convenient Paze checkout experience enables consumers to pay online with their preferred credit and debit cards via added security through tokenization, and seamless digital authentication. 'At Worldpay, we're committed to giving merchants more choice and flexibility in how they serve today's digital-first consumers,' said Cindy Turner, chief product officer at Worldpay. 'By making new checkout options like Paze available to our merchants, we're making it easy for them to offer convenient checkout that boost conversion and customer confidence because they don't have to share card details directly.' Leading banks and credit unions enable Paze for their eligible cardholders, and cardholders do not need to sign up or download an additional app to use the checkout option where available. Recent research from Worldpay found that 68% of consumers selected a checkout method based on convenience and 48% abandoned a cart due to too many steps to complete checkout. 'Paze was created to meet the rising demand for a fast and convenient digital checkout,' said Eric Hoffman, chief partnerships officer, at Early Warning Services. 'Through this collaboration with Worldpay, we're making Paze instantly accessible to thousands of U.S. merchants, supporting our goal of nationwide coverage. This will bring added convenience and added security through tokenization to the 150 million consumers that already have access to Paze through their bank or credit union they already know and use.' Working together, Worldpay and Early Warning Services are bringing new levels of convenience and security to online checkout. Because purchases made using Paze utilize the network tokenization framework, the consumer's credentials are more secure than traditional manual entry and merchants can experience higher authorization rates. Seamless checkout can increase conversion rates by reducing the steps and friction to complete a purchase. Worldpay's vast merchant network in the U.S. using hosted payment pages will soon see Paze as a checkout option, and others will be able to 'turn on' Paze as a checkout option with limited integration needed.
Business Wire
5 days ago
- Business
- Business Wire
Worldpay Enables Paze, Brings New Levels of Convenience and Speed to Online Checkout
CINCINNATI--(BUSINESS WIRE)-- Worldpay ® and Early Warning Services have announced a new partnership at Worldpay's annual client and partner event, Rethink, to enable Paze℠ as a checkout option available to its merchants. Paze is an online checkout solution developed by Early Warning Services that is offered by leading banks and credit unions in the U.S. The convenient Paze checkout experience enables consumers to pay online with their preferred credit and debit cards via added security through tokenization, and seamless digital authentication. 'At Worldpay, we're committed to giving merchants more choice and flexibility in how they serve today's digital-first consumers,' said Cindy Turner, chief product officer at Worldpay. 'By making new checkout options like Paze available to our merchants, we're making it easy for them to offer convenient checkout that boost conversion and customer confidence because they don't have to share card details directly.' Leading banks and credit unions enable Paze for their eligible cardholders, and cardholders do not need to sign up or download an additional app to use the checkout option where available. Recent research from Worldpay found that 68% of consumers selected a checkout method based on convenience and 48% abandoned a cart due to too many steps to complete checkout. 'Paze was created to meet the rising demand for a fast and convenient digital checkout,' said Eric Hoffman, chief partnerships officer, at Early Warning Services. 'Through this collaboration with Worldpay, we're making Paze instantly accessible to thousands of U.S. merchants, supporting our goal of nationwide coverage. This will bring added convenience and added security through tokenization to the 150 million consumers that already have access to Paze through their bank or credit union they already know and use.' Working together, Worldpay and Early Warning Services are bringing new levels of convenience and security to online checkout. Because purchases made using Paze utilize the network tokenization framework, the consumer's credentials are more secure than traditional manual entry and merchants can experience higher authorization rates. Seamless checkout can increase conversion rates by reducing the steps and friction to complete a purchase. Worldpay's vast merchant network in the U.S. using hosted payment pages will soon see Paze as a checkout option, and others will be able to 'turn on' Paze as a checkout option with limited integration needed. About Worldpay Worldpay is an industry leading payments technology and solutions company with unique capabilities to power omni-commerce across the globe. Our processing solutions allow businesses of all sizes to take, make and manage payments in-person and online from anywhere in the world. Annually, we process over 50 billion transactions across 174 countries and 135 currencies. We help our customers become more efficient, more secure and more successful. To learn more, visit or follow us on LinkedIn, Instagram, X, and or Facebook. About Paze Paze is a reimagined online checkout solution that banks and credit unions offer to consumers and merchants, combining all eligible debit and credit cards into a single wallet and eliminating manual card entry. Solving long-standing challenges in e-commerce, Paze provides an easy experience for consumers and merchants alike. At general availability, more than 150 million debit and credit cards will be available to consumers for making online purchases. To learn more about Paze, visit
Yahoo
30-04-2025
- Business
- Yahoo
Paze aims to pump up the volume with Fiserv
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Paze, the digital wallet launched last year by Early Warning Services, has loaded 150 million debit and credit card accounts onto its nascent system, according to an EWS presentation at Nacha's Smarter Faster Payments Conference. Now, those bank customer card holders can opt into the wallet if they're interested in using it. More big banks are expected to link to Paze later this year, Early Warning's Chief Partnership Officer Eric Hoffman said Sunday during a panel discussion at the conference. He spoke alongside Deva Annamalai, Fiserv's head of client strategy and solutions for digital payments. The processor is partnering with EWS to attract more banks to offer the digital wallet to their customers for online purchases. With Fiserv, there is 'exposure to thousands of banks,' Hoffman said in an interview after the panel discussion, explaining how additional banks will disclose working with Paze as they announce that the service is available to those banks' customers. The latest card count is up from 125 million cards connected last October. Early Warning Services has been eyeing the 150 million card goal for some time because the accounts belong to customers of EWS's bank owners, but now it will set its sights higher, to add more card credentials. As Fiserv helps bring its bank clients onto the Paze system, it will benefit from the increased transaction volume it processes through the digital wallet. Scottsdale, Arizona-based Early Warning Services has been building the Paze system since at least 2022, with a slow roll-out to its bank owners since its launch last September. The seven major banks that own EWS are Bank of America, Capital One, JPMorgan Chase, PNC Bank, Truist, U.S. Bank and Wells Fargo. Those EWS banks also developed the bank-to-bank payments system Zelle, which sent $1 trillion between users last year. Paze got a lift last year after the arrival of a new leader, Serge Elkiner, who was tapped to become its general manager. Hoffman is also somewhat new to the project, having arrived just as Paze was launching last year. He's bringing experience from his work as a business development executive for Apple Pay. Some 70% of U.S. consumers don't use a digital wallet so there is a broad opportunity to attract new users without having to do battle with some of the long-time rivals in the field, namely Apple Pay and PayPal, Hoffman said. 'They may use their card on file (online), but they're not using digital wallets – this is the consumer that we're going after,' he explained. Paze will be directed at consumers between 35 and 65 years-old who tend to be wealthy, and have been 'protectionist' in their thinking about digital wallets, Hoffman said. This group has generally avoided using digital wallets so far, but they're likely to sign up for Paze if it's offered by their banks, just like they did with Zelle, he said. 'Consumers trust their banks – that's what we're hanging our hat on,' he said. When asked why it's taken so long to get the system rolled out, Hoffman suggested it was simply time spent developing the Paze technology. He conceded during the discussion that the Paze team is 'still closing some technical gaps.' He also noted that getting bank card issuers up and running with Paze at the same time EWS was trying to add merchants to the system was no easy task. Merchants offering the Paze payment option to their customers so far include retailers Sephora and Fanatics. Hoffman expects Paze will also add more merchants to the online Paze shopping ecosystem later this year. Recommended Reading Paze gets new leader amid slow start
