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What is Hoox?

Hoox functions as an innovative customer activation platform specifically designed for financial service providers, allowing banks and card issuers to effectively engage with their customers and become the preferred payment choice. By facilitating real-time, personalized incentives from partnered merchants, card issuers can significantly decrease cart abandonment rates while boosting conversion rates. The platform operates on a Software as a Service (SaaS) model, enabling issuers to extend their reach beyond their typical customer base with dynamic and measurable incentives that yield tangible results. Moreover, Hoox offers merchants a seamless embedded finance solution aimed at captivating consumers through externally funded personalized incentives, providing them with a complementary method for increasing revenue, reducing cart abandonment, lowering card processing fees, and ensuring smooth integration with various issuing partners and e-commerce platforms. Ultimately, Hoox enhances the usage of cards by delivering customized incentives to cardholders in real time throughout their shopping journeys, ensuring that both merchants and issuers reap the benefits of heightened customer engagement. This collaborative strategy not only strengthens customer loyalty but also fosters a mutually beneficial environment for all stakeholders, promoting sustained growth and success across the board. By leveraging such a comprehensive approach, Hoox positions itself as a pivotal player in the evolving landscape of customer engagement in the financial services sector.

What is FIS Tokenization?

The approach guarantees universal protection for card payments by constantly concealing essential cardholder data. FIS® Tokenization™ employs dynamic encryption for transactions, ensuring exceptional security for customers whether they are shopping online, through mobile devices, or in brick-and-mortar stores. By replacing sensitive cardholder information with unique tokens that cannot be traced back to the original cardholder or their accounts, our payment tokenization solutions make it simpler to comply with the Payment Card Industry Data Security Standard (PCI DSS), enhance cardholder protection, and effectively manage related risks. Utilizing a distinctive token in place of sensitive card data significantly reduces the potential for fraud. This also allows cardholders to easily and securely input their card details into various payment applications. Furthermore, this method simplifies compliance by reducing the number of systems that must adhere to PCI DSS regulations, thus streamlining the whole process for businesses. This innovative strategy not only strengthens security but also fosters a more seamless experience for both merchants and customers, ultimately creating a more trustworthy environment for transactions. By adopting such advanced measures, we can ensure that the digital payment landscape remains safe and user-friendly.

Media

Media

Integrations Supported

Amazon Web Services (AWS)
Heroku
Magento
PayPal
Shopify
Square POS
Stripe
WePay
Wix
WooCommerce

Integrations Supported

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub

Company Facts

Organization Name

Hoox

Date Founded

2022

Company Location

United States

Company Website

www.hooxpay.com

Company Facts

Organization Name

FIS

Date Founded

1968

Company Location

United States

Company Website

www.fisglobal.com/en-au/products/fis-payments-one-debit-suite/fis-tokenization

Categories and Features

Financial Services

Not specified

Categories and Features

Data Tokenization

Not specified

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