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The Paypers: Mazooma rolls out micropay-in-a-box service for Discover digital content merchants

July 22, 2011

US online debit payment services provider Mazooma has made a micropay-in-a-box service available to Discover’s digital goods merchants. The service is aimed at Discover’s direct merchants using the Centinel Universal Merchant Platform via CardinalCommerce. Merchants using Centinel need to place the Mazooma payment button on their checkout page to support the Mazooma payment option that enables consumers to pay using their online banking account.
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Payments Source: Discover’s Farhan: Mazooma Deal Illustrates Push To Support More Than Just Cards

July 21, 2011

“This shows we are more than a credit card company, and we can’t ignore alternative-payment methods because they are evolving rapidly,” says Farhan Ahmad, Discover director of emerging payments and prepaid. “A niche commerce like this didn’t exist four years ago.”
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Payments News from Glenbrook Partners: Mazooma Micropay-in-a-Box Targets Discover Digital Goods Merchants

July 21, 2011

Mazooma has announced an “instant on” micropay-in-a-box solution that is available to Discover’s direct merchants using the Centinel Universal Merchant Platform through CardinalCommerce Corporation.
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Payments Source: Discover And Mazooma Partner To Reduce Online Micropayment Costs

July 20, 2011

Moreover, when customers use a credit card for a purchase as low as 99 cents for digital content, merchants have to pay the music publisher and cover their own internal operating costs, leaving them with as little as 30 cents profit. Interchange and processing fees could absorb another 20 cents, leaving the merchant with 10 cents, Lee suggests. Each Mazooma transaction would cost the merchant 6 cents, allowing that same merchant to make 24 cents, or a 140% profit improvement on the product, Lee says.
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Chicago Tribune: Discover online deal expected

July 20, 2011

Discover's network business, which handles payment transactions for merchants and others, is partnering with Mazooma, an online cash payments provider for sellers of digital content, to make it easier for merchants to accept small-ticket payments, or micropayments, for digital music, games, books and videos. Micropayments are typically anything under $20.
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Mazooma™ Unveils Micropay-in-a-Box™ Solution for Discover® Digital Goods Merchants

July 19, 2011

The flick of a virtual switch turns on lowest interchange payment option-online banking. 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.
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eCommerceBytes.com: Mazooma Looks to Lead Cash-Based Online Payment Space

July 13, 2011

At a time when consumers are understandably skittish about taking on new debts, the notion of pay-as-you-go shopping could be heading for a resurgence. Or at least so gambles Mazooma, an online payment services provider with a business model built around linking directly to a purchaser's bank account, circumventing the credit card landscape and providing discounted transaction rates.
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