Payments entity Worldpay has teamed up with Early Warning Services to offer the Paze checkout option to its US merchant network.  

This alliance was announced at Worldpay’s annual client and partner event, Rethink, and is designed to streamline online payments while increasing security for consumers. 

Paze is an online checkout system created by Early Warning Services, which is available through several banks and credit unions in the US. 

The system allows consumers to pay with their preferred credit and debit cards, with enhanced security provided by tokenisation and digital authentication.  

Cardholders are not required to register or download any additional applications to use Paze where it is accepted. 

By using network tokenisation, Paze ensures that consumer payment details are better protected compared to traditional manual entry to result in higher authorisation rates for merchants. 

Worldpay’s US merchants utilising hosted payment pages will soon have Paze available as a checkout option. 

Worldpay chief product officer Cindy Turner said: “At Worldpay, we’re committed to giving merchants more choice and flexibility in how they serve today’s digital-first consumers. By making new checkout options like Paze available to our merchants, we’re making it easy for them to offer convenient checkout that boost conversion and customer confidence because they don’t have to share card details directly.” 

Early Warning Services chief partnerships officer Eric Hoffman stated: “Paze was created to meet the rising demand for a fast and convenient digital checkout. Through this collaboration with Worldpay, we’re making Paze instantly accessible to thousands of U.S. merchants, supporting our goal of nationwide coverage.  

“This will bring added convenience and added security through tokenisation to the 150 million consumers that already have access to Paze through their bank or credit union they already know and use.” 

Last month, Worldpay partnered with BVNK, a South African stablecoin payments firm, to offer stablecoin payout capabilities to its global clientele.