Under the terms of the contract, Mazooma is expected to provide Stacks and Stacks customers with the ability to purchase items directly from their online bank account, instead of using a credit card. In addition, Mazooma is bank-authenticated, a capability that enables Stacks and Stacks to receive instant payment notifications.
Stacks and Stacks is enabling the Mazooma payment option via Cardinal Centinel, a technology platform developed by US payment services provider CardinalCommerce, which enables alternative payment brands in both e-commerce and m-commerce. When paying with Mazooma, consumers must select this option on the merchant’s checkout page, choose their bank from a drop-down menu, enter the online banking user name and password. They will be presented with the amount of money that must be paid as well as an approval button.
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