PSCU/Co-op Solutions, a payments credit union service organisation and an integrated financial technology solutions provider, announced the addition of Amazon One to its suite of digital wallet integrations for client card issuers. Using a contactless, biometric-based identity system (palm signature), Amazon One is available on a pilot basis for credit unions, with general availability planned for late Q2 2024.
Amazon One is accepted at an expanding list of outlets, including select Whole Foods, Panera Bread, and Starbucks locations, as well as T-Mobile Park, Coors Field, Crunch Fitness, and airport stores like Hudson, CREWS, and OHM.
Officials from PSCU/Co-op Solutions said that from cash to crypto and mobile phones to wearables, consumers now have an expansive choice of payment methods. Yet, they still love the reliability, security, and perks of their go-to debit and credit cards. Issuers that make it easy for cardholders to connect their preferred cards to their digital wallets earn trust, demonstrating a willingness to invest in financial innovation without sacrificing the personal service consumers expect from their financial institution.
Venues are now relying on Amazon One for more than payments, including entry to events and identification for rewards/loyalty programme access.
Along with an enhanced payments experience, credit union members will also benefit from the additional security offered by Amazon One. Unlike an account number or password, a palm signature is nearly impossible to replicate.
Speaking on this payment method, representatives from Idaho Central Credit Union said they are excited to bring Amazon One to their membership. At participating retailers, their members can sign up for Amazon’s convenient, secure, contactless payment method using the palm of their hand. They were impressed with how easy and seamless the experience is, taking just a few seconds to scan one’s palm and complete a purchase.
Participation in Amazon One is also easy for financial institutions. PSCU/Co-op Solutions supports the token enrolment and all other set-up, and implementation is expected to take less than eight weeks.
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