Mazooma partners with PETCO for instant debit transactions to online shoppers

 Mazooma, the first real-time online debit payment solution for U.S. consumers, today announced that PETCO, the nation's leading pet specialty retailer, has signed an agreement to integrate the Mazooma solution on its Web site, PETCO.com. PETCO will now be able to provide a real time, bank authenticated debit payment option for its U.S. consumers, allowing online shoppers to easily and securely pay for their purchases with cash. PETCO offers a wide range of products and services to animal lovers across the U.S. getting more than $55 million in annual online sales and nearly 2 million monthly visitors to PETCO.com. By integrating Mazooma into its checkout page, PETCO's customers will be able to use their online checking accounts to make secure, immediate payments for goods and services. Mazooma enables consumers to pay merchants directly from their online banking as part of the checkout process. This allows merchants to extend their services to customers who want to make purchases without using credit. 

Additionally, merchants receive instant authorization, which allows them to ship orders immediately and increases customer satisfaction and loyalty. Currently, Mazooma supports more than 70 percent of all consumer bank accounts in the U.S. and has no jurisdictional limitations. Paul Phillipson, Managing Director USA at Mazooma, commented the deal: "The integration of Mazooma will allow PETCO to expand its online payments options to their customers, and stay ahead of the curve by including an option for consumers that can't, or don't want to, pay with credit." John Lazarchic, VP of E-Commerce for PETCO, said: "We strive to make being a great pet parent as easy as possible, so we're pleased to provide a simple and convenient way for our customers to make purchases from PETCO.com directly from their banks, without the need for credit cards."