PSCU/Co-op Solutions Rolls Out Amazon One, Transforming Payments with Biometrics

PSCU/Co-op Solutions integrates Amazon One with its digital wallet suite, enabling cardholders to make payments with their palm. Amazon One utilizes a contactless biometric system and is currently available as a pilot program for credit unions, with widespread availability anticipated in late Q2 2024. Issuers can seamlessly integrate Amazon One for their cardholders, benefiting from its enhanced payment experience and robust security measures.

PSCU/Co-op Solutions Introduces Amazon One: Revolutionizing Payments with Biometric Technology

Denver, Colorado - March 15, 2023 - PSCU/Co-op Solutions, the leading payments credit union service organization and integrated financial technology provider, has announced the groundbreaking integration of Amazon One into its suite of digital wallet solutions. This partnership empowers credit unions to offer their cardholders the cutting-edge "Pay-by-Palm" payment method, transforming the payment landscape with biometric convenience and unwavering security.

Amazon One is an innovative contactless, biometric-based identity system that utilizes the unique characteristics of a person's palm signature for secure and seamless payments. This advanced technology is currently available on a pilot basis for select credit unions, with general availability slated for late Q2 2024.

The list of participating merchants accepting Amazon One continues to expand rapidly, including prominent retail outlets such as Whole Foods, Panera Bread, and Starbucks. Additionally, venues such as T-Mobile Park, Coors Field, Crunch Fitness, and airport stores like Hudson, CREWS, and OHM have embraced Amazon One for its efficiency and convenience.

PSCU/Co-op Solutions executives emphasized the ever-evolving payment landscape, with consumers now presented with a vast array of payment options ranging from cash to crypto, mobile phones, and wearables. Amidst this diverse spectrum, debit and credit cards remain steadfast in their popularity due to their inherent reliability, security, and rewards programs. By embracing digital wallet integrations like Amazon One, credit unions can enhance their cardholders' experience, demonstrating their commitment to financial innovation while preserving the personalized service their members value.

Beyond its payment capabilities, Amazon One also serves as a versatile platform for venue access and loyalty program management. Venues can leverage Amazon One for expedited entry and streamlined identification for rewards and loyalty program participation.

The incorporation of Amazon One not only elevates the payment experience for credit union members but also bolsters transaction security. Unlike traditional account numbers and passwords, a palm signature is inherently unique and virtually impossible to replicate, providing an unparalleled level of protection against fraud and identity theft.

Idaho Central Credit Union, an enthusiastic early adopter of Amazon One, expressed their excitement in offering this innovative payment method to their membership. "At participating retailers, our members can seamlessly sign up for Amazon's convenient and secure contactless payment method using the palm of their hand," said credit union representatives. "We were highly impressed by the simplicity and efficiency of the user experience, with purchases completed in mere seconds through a quick palm scan."

Participation in Amazon One is designed to be effortless for financial institutions. PSCU/Co-op Solutions provides comprehensive support for token enrollment, implementation, and set-up, ensuring a smooth integration process typically completed within eight weeks.

PSCU/Co-op Solutions remains committed to delivering innovative payment solutions that empower credit unions to stay at the forefront of financial services. The integration of Amazon One into its digital wallet suite is a testament to this commitment, offering cardholders a secure, convenient, and cutting-edge payment experience that sets the standard for the future of payments.