Tuesday, June 24, 2025
Fiserv to boost FI adoption of Paze
Financial technology giant Fiserv has announced it’s collaborating with Early Warning Services (EWS) to offer the digital wallet Paze.
Banks and credit union clients of Fiserv now can enable the Paze wallet with the added security of payment tokens. When tokens are used for online transactions, card account numbers are replaced with a unique number; the actual card numbers are never shared with merchants. This means the community banks and credit unions that that use Fiserv for backend tech support can now offer customers a convenient online checkout experience in competition with the likes of PayPal, Apple Pay, Google Pay and Amazon Pay. Paze has a “built-in advantage,” Fiserv said in a press release, noting the thousands of financial institutions are “powered by Fiserv.”
Paze will be supported across the entire Fiserv ecommerce payments suite. EWS also operates Zelle, another digital payment platform that is primarily focused on peer-to-peer payments. It’s a bank-owned alternative to Venmo, which is owned by PayPal. Both Zelle and Venmo, however, have been known to be accepted for online transactions. Fiserv provides the turnkey service for Zelle, and Fiserv and Zelle are exploring additional ways to enhance payment solutions for consumers and streamline the checkout experience for merchants, Fiserv stated.
“This strategic offering of Paze provides our clients a new digital checkout solution, one which their consumers can have full confidence in when they checkout online,” Matt Wilcox, deputy head of financial solutions and president of digital payments at Fiserv, said of Paze.
“Our collaboration with Fiserv marks a significant step in expanding the reach of Paze,” said Eric Hoffman, chief partnerships officer at EWS. “Together, we’re making it easy for merchants of all sizes to deliver a fast, convenient and seamless online checkout experience, unlocking access to our solution for thousands of financial institutions and merchants nationwide.”
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