Mazooma™ Showcases Instant Online Banking Payment Option for eCommerce Merchants at Shop.org Annual Summit

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Secure alternative payment solution reduces transaction processing costs and chargebacks.

With Mazooma, ecommerce merchants can now easily offer an alternative to credit card payment

Mazooma, the leading U.S. online banking payment solution provider, will exhibit its patented alternative payment option for ecommerce merchants at the Shop.org Annual Summit, starting today through Sept. 14, 2011 at the Boston Convention & Exhibition Center.

Online consumers are showing increasing interest in alternative payment options and, in particular, many prefer the ease of online banking to options that require the use of a credit card. Last month, the annual American Bankers Association survey of consumer banking preferences showed that the popularity of online banking is surging, with 62 percent of respondents naming online banking as their preferred banking method versus only 36 percent in the 2010 survey.

With Mazooma, ecommerce merchants can now easily offer an alternative to credit card payment – one that securely connects consumers directly and instantly to their online bank account from the merchant’s checkout page. With significantly lower interchange fees than credit cards, the online banking-based payment solution is ideal for merchants looking to increase profits by reducing transaction processing costs, as well as decrease charge backs and improve their fraud protection. Mazooma also provides special micro payments pricing for online merchants selling small-ticket digital content and virtual goods.

To see Mazooma at the Shop.org Annual Summit, visit booth #751 in the EXPO hall. To learn more about Mazooma or to set up a meeting at the conference, contact merchants(at)mazooma(dot)com or visit http://www.mazooma.com.

For more information on the 2011 Shop.org Annual Summit, visit http://www.shop.org/summit11.

About Mazooma:
Mazooma is the leading U.S. online banking payment solution provider for ecommerce. Its patented payment system combines the security of online banking with the speed of a simple checkout process to enable safe, instant payments for online purchases. Serving the 72.5 million American households that actively use online banking, Mazooma currently supports 75 percent of all consumer bank accounts in the U.S., and with leading payment network partnerships including Discover Financial Services, it is rapidly becoming the preferred alternative payment option for ecommerce merchants. Launched in 2009, Mazooma has offices in Toronto, Miami and Chicago. For more information, visit http://www.mazooma.com.

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Jackie Lampugnano
Walker Sands Communications
312-546-4127
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