updated 5/10/2010 4:38:03 PM ET 2010-05-10T20:38:03

A correction from source is being issued with respect to the release sent out today, May 10, 2010 at 10:00 AM EDT. The corrected version follows.

Mazooma, the first real-time online debit solution for U.S. consumers, is pleased to announce that Sonic Electronix, a leader in online car audio and video electronics, will offer real-time debit for their customer base.

Sonic Electronix carries more than 7,500 car stereo and other consumer electronics products and has been servicing US consumers through their online store for nearly 10 years. 100% web-based, Sonic Electronix relies heavily on best of class products and partners to drive business growth. Mazooma's patented solution was chosen for its ability to allow a customer to pay, in real time, directly from their bank account. No waiting period or offline sign up process is necessary.

"Given current economic conditions and the state of credit today, it is critical that we provide to our customers a way to pay with cash and in real time. Instant fulfillment is an essential component of our customer service philosophy and Mazooma provides an intuitive and easy option that just works", says Nathaniel J. Victor, Founder and CEO, Sonic Electronix. "Mazooma supports our need for new customer acquisition and customer retention."

Mazooma allows customers to pay for goods and services in real-time directly through their online banking in a simple, convenient and secure process. Consumers no longer have to rely on credit when making purchases online and have the comfort and security of paying directly from their own bank, the Financial Institution they know and trust.

Sonic Electronix is enabling the Mazooma payment option through Cardinal Centinel®, the leading technology platform for enabling alternative payment brands in both ecommerce and mobile Commerce, from Cleveland-based CardinalCommerce Corporation.

"Sonic Electronix is a trusted name in online car audio and video products," said Paul Phillipson, Managing Director USA at Mazooma. "We're very pleased Mazooma is now available to Sonic Electronix customers. Our real-time, closed-loop debit solution provides a superior experience for the consumer and immediate product fulfillment for Sonic Electronix."

About Mazooma

Mazooma provides consumers with a safe, instant way to make purchases online directly from their bank accounts. By combining the security and comfort of online banking with a speedy and simple payment check-out process, Mazooma offers a secure, easy-to-use solution for millions of consumers who cannot or do not want to use a credit card. Payment for online purchases is made directly from the customer's own bank account - and authorized through the financial institutions they know and trust. For online merchants, Mazooma creates a new way to reach more customers, increase revenue and reduce the cost of payment processing. For more information, visit www.mazooma.com.

About Sonic Electronix

Sonic Electronix is a fast-growing internet retailer specializing in consumer electronics, with a focus on car audio. The company has been part of the Internet Retailer Top 500 Guide since 2008 and has shipped more than 500,000 orders since its inception in 2000. Its goal has always been to delight customers by offering them the best buying experience possible - great prices without sacrificing service or quality. For more information about Sonic Electronix, please visit www.sonicelectronix.com.

About CardinalCommerce

CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions and alternative payment brands for both eCommerce and mobile commerce. Cardinal Centinel®(i) enables payment brands such as Verified by Visa, MasterCard® SecureCode™, PayPal™, Bill Me Later®, Mazooma™, and more to a network of thousands of merchants and merchant service providers. Cardinal's mobile platform, Cardinal MAX™, makes it easy for merchants to sell through the mobile channel by linking them directly with consumer mobile phones. Cardinal's proprietary and easily deployable technology provides consumers, merchants, credit/debit card issuers, and processors with the ability to conduct authenticated Internet, wireless, and mobile transactions safely and securely. Headquartered in Cleveland, Ohio, with facilities in the United States, Europe, and Africa, Cardinal services a worldwide customer base. For more information, visit www.cardinalcommerce.com.

© Marketwire 2013


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