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Info for Banks

Reach Your Customers in the Digital World

Your customers are shopping online more and more, pushing the total value of ecommerce transactions to an expected $354 billion by 2012. Of this total, sales of virtual goods like digital music, games, books, and video represent the fastest-growing segment, currently at $50 billion annually in the U.S. with 25% Y/Y growth.

This shift from physical to virtual goods mirrors the consumer migration from physical to virtual communities, with today’s consumers gathering by the millions to shop and chat on social networking and gaming sites like Facebook and Zynga. And these aren’t just kids—the average age of these users is 37, a bank’s primary target group.

Consider Facebook, one of many virtual communities that exist today. What’s your strategy for accessing the growing Facebook economy and the buying power of its 225 million users in the U.S.? Some alternative payment providers and mobile phone carriers have jumped to serve these digital consumers—your banking customers—and have already built direct relationships with them.

Mazooma is different. We put your bank at the heart of the virtual world, extending your online banking platform to ecommerce. Your bank is front and center right where your customers are spending their time online, reinforcing your brand every time they shop. With Mazooma, you can capture a bigger share of all online shopping, with NO integration project to prioritize or fund.

Our patented payment system leverages existing online banking technology, securely extending the reach of your customers’ online banking accounts to online shopping.

Benefits for Your Bank

• Increase customer loyalty & retention
  Consider a customer’s lifetime value, and the possibility of losing that customer. Every time your customers shop with Mazooma, they choose your bank at the checkout, reinforcing their relationship with your brand. The more transactions your bank keeps, the more likely you are to maintain this relationship with your customers.
• Capture the growing consumer demand for virtual goods
  Introduce Mazooma and let your customers shop the way they want to—with cash from their online bank account. Featuring instant payments and a streamlined checkout, Mazooma is the only cash-based option for digital purchases made on PCs, tablets, and smartphones.
• Transform online banking into a new profit center
  Answer the growing consumer demand for innovative payment solutions by partnering with Mazooma. Participate in our Bank Partner Program and see incremental revenue as your transaction volume builds.
• Reduce ecommerce fraud exposure
  Our patented system builds on the security of proven online banking technology to protect each and every transaction. Data from Mazooma’s IDV system, the merchant, and the customer is all validated to mitigate fraud risk.
• No bank integration required
  Mazooma builds the connectivity to support your customers—with no development projects to prioritize, and no development resources or expense for your bank.
• "On-us" transactions and other customization available
  Easily configured for “on-us” settlement, you can also brand the transaction process with your bank’s logo and participate in joint marketing to attract new customers.

Join Our Bank Partner Program

Join Mazooma’s Bank Partner Program and transform your online banking service from a cost center to a new revenue stream. Contact us to find out how!