SYS-CON MEDIA Authors: Pat Romanski, Gary Arora, Zakia Bouachraoui, Yeshim Deniz, Liz McMillan

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Mazooma™ Unveils Micropay-in-a-Box™ Solution for Discover® Digital Goods Merchants

Mazooma’s new micropay-in-a-box solution has as much as a 71% reduction in merchant fees for digital content merchants.

With 25% year-over-year growth, digital content is currently the fastest-growing eCommerce sector, driving an explosion in small-ticket transaction volumes. However, merchants selling digital music, games, books, and videos are underserved by traditional payment options. Mazooma’s new micropay solution fills this void, enabling these merchants to sell their goods faster, safer, and more cost-effectively.

Mazooma’s micropay-in-a-box solution is available to Discover’s direct merchants using the Centinel® Universal Merchant Platform through CardinalCommerce Corporation. For a merchant using Centinel, it is as simple as placing the Mazooma payment button on their checkout page to support a new payment option that enables consumers to pay using their online banking account. For these merchants, there is no implementation required and no changes to existing settlement and reporting from Discover. It is a turnkey solution that makes it easy for merchants to offer the new Mazooma payment brand.

An online banking-based payment solution, Mazooma connects consumers directly to their bank account from the merchant’s checkout page, enabling secure, instant payments for online purchases. Other features of Mazooma’s micropay solution include a processing fee of 1.5% + $0.05 per transaction without the need to aggregate transactions, and a streamlined checkout in two clicks, with no offline sign-up process.

“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,” says Farhan Ahmad, General Manager, Prepaid & 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.”

“We’re pleased to be able to leverage Centinel to extend the Mazooma payment option across the Discover Network of retail merchants,” said Janet Kapostasy, Vice President, Financial Institution Services, CardinalCommerce Corporation. ”The micropay solution addresses a key pain point in the digital goods vertical.”

About Mazooma

Mazooma is an innovative, leading edge online payment provider for the digital payments space. The company offers a patented payment system that combines the security of online banking with the speed of a simple checkout process. By connecting consumers directly to their online banking from the merchant’s checkout page, Mazooma enables safe, instant cash payments for online purchases. Serving the 72.5 million American households that actively use online banking, Mazooma currently supports 75% of all consumer bank accounts in the U.S. The company was launched in 2009 and has offices in Miami, New York, Chicago, and Toronto. For more information, visit www.mazooma.com.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit www.discoverfinancial.com.

About CardinalCommerce

CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions, and alternative payment brands for both e-commerce and mobile commerce.

Cardinal Centinel® is authentication software for merchants which enables payment brands such as Verified by Visa, MasterCard®SecureCode, Amazon Payments, Bill2Phone, Bill Me Later®, ClickandBuy®, Cred-Ex®, Ebates, eBillme, eLayaway, Google Checkout, Green Dot®MoneyPak®, Mazooma, Moneta®, Moneybookers, MyECheck, NACHA® Secure Vault Payments (SVP), NYCE®SafeDebit, OneTouch Online Purchasing, Paymate, PayPal,paysafecard, RevolutionCard, SafetyPay, TeleCheck®, Ukash, and more to a network of thousands of merchants and merchant service providers.

Cardinal’s mobile commerce platform, Cardinal MAX, makes it simple for retailers to sell and market products through the mobile channel. Cardinal's proprietary and easily deployable technology provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct authenticated Internet, wireless and mobile transactions safely and securely.

Cardinal’s 2IDENTIFITM Platform enables a Financial Institution to authenticate its’ customers, for eCommerce transactions using Verified by Visa or MasterCard SecureCode, or for secure access to online banking applications. The complimentary 2IDmobileTM service enables a customer’s mobile phone to become a token, creating a strong dynamic one-time use number for authentication, or can deliver the dynamic one-time number.

Headquartered in Cleveland, Ohio, with facilities in the United States, Europe, and Africa, Cardinal services a worldwide Customer base. For more information, visit www.cardinalcommerce.com.

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