Fiserv Partners with Early Warning Services to Offer Paze Digital Wallet for Enhanced Online Checkout

Fiserv Inc. (NYSE:FI) is one of the most active stocks to buy according to analysts. On June 17, Fiserv announced a new collaboration with Early Warning Services to offer Paze, which is a digital wallet solution. The partnership aims to provide financial institutions and merchants with a convenient and secure digital checkout experience for consumers.

Paze allows banks and credit unions to offer a digital wallet where eligible credit and debit cards are consolidated. A key security feature of Paze is tokenization, which replaces actual card account numbers with unique tokens and prevents card numbers from being shared directly with merchants. Paze has already integrated over 150 million credit and debit cards.

Fiserv will also enable merchants to accept Paze across its e-commerce payments suite. The collaboration deepens a long-standing alliance between Fiserv and Early Warning Services, which previously saw Fiserv offering a turnkey service for Zelle for P2P payments.

Fiserv Inc. (NYSE:FI) provides payments and financial services technology solutions through the Merchant Solutions and Financial Solutions segments.

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Disclosure: None. This article is originally published at Insider Monkey.