Following this announcement, all U.S. Bank clients and customers who have eligible credit and debit cards will have the possibility to access Paze, a new online checkout solution that was developed in order to make online shopping easier and more convenient.
In addition, U.S. Bank will offer special promotions to cardholders in order to encourage them to leverage Paze. The financial institution also provides a variety of options for businesses to easily accept Paze transactions through the use of a safe and efficient integration with Elavon's Converge Payment Gateway for ecommerce.
U.S. Bank serves multiple clients locally, nationally, and globally through a diversified mix of businesses, including customer banking, commercial banking, business banking, institutional banking, payments, and wealth management. Paze is an online checkout solution that combines all eligible debit and credit cards into a single wallet.
Paze represents a streamlined checkout experience with no manual card entry, no new Paze password to remember, and no need to download third-party applications. At the same time, Paze provides cardholders with added security by tokenising credit and debit card numbers, so the actual 16 digits are not shared with the online merchant. Eligible clients of the U.S. Bank will have the possibility to activate Paze by signing in through the financial institution’s app, online at its website, or by checking out at a participating retailer’s website.
In order to use Paze, online shoppers will need to look for the Paze button at the online checkout of participating businesses, as well as follow the steps that are required to complete their purchase. By integrating Paze into a business’ ecommerce capabilities, there are no additional transaction fees delivered to merchants in order to add the solutions as checkout options.
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