Toronto, ON (PRWEB) May 10, 2012
Mazooma announced today it has been selected as a Finalist for Red Herring's Top 100 Americas award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. Mazooma was chosen for its patented next-generation payment technology, which expands the functionality of online banking, enabling consumers to pay for digital goods or fund a digital wallet in real time.
The finalist announcement marks a key milestone for Mazooma, and comes on the heels of major partnership announcements with some of the biggest names in ecommerce, including Discover Cards, Bigpoint and Virgin Gaming. “We’re very pleased to be considered for such a prestigious award, and see it as further validation of our business and technology,” says Wilson Lee, President, Mazooma.
"This year was very rewarding," said Alex Vieux, publisher and Chairman of Red Herring. "There are so many great companies producing truly innovative and amazing products and technologies. We had a very difficult time narrowing the field and selecting the Finalists from such a group of future stars. Mazooma shows great promise and therefore deserves to be on the short list. Now we are faced with the difficult task of selecting the Top 100 winners.”
Finalists for the 2012 edition of the Red Herring 100 Americas award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the, security, Web 2.0, software, hardware, life sciences, cloud, mobile and other sectors completed their submissions to qualify for the award.
Mazooma is an innovative payment solution provider for online commerce. The company’s patented payment system provides an alternative clearing network to credit cards, combining the security of online banking with the speed of a simple transaction process to enable a safe, instant checkout for consumers. Mazooma currently supports the sixteen largest U.S. banks, serving the 55 million American households that actively use online banking. The company’s micropayment solution launched in August, 2011. Mazooma is headquartered in Toronto and has offices in Miami and Chicago. For more information, visit http://www.mazooma.com.